Who is going to pay for your state pension/ care in old age?

Question from an Aussie - do workers get compulsory superannuation contributions as part of your salary package? Here you have to have very little money and assets to be granted an old age pension which is only about 600 a week i think?

Retirement age will soon be moved to 67 then I expect beyond this. Many people will just work until they fall seriously ill then die.

Its already 68 for those under a certain age

And some of those with a public sector pension (teachers, NHS, civil service) now have that linked to their state pension age.

The stats on healthy life expectancy need to be put into context.

That report you quote says : ' behavioural and socioeconomic risk factors such as physical activity, smoking status, education and household income are also associated with self-reported poor health in England and likely to have important and complex relationships with each other and physical health status'. Statustically speaking, people posting on Mumsnet are more likely to be higher income and educated, so will probably not be hit hardest, although obviously many posters are not.

Recent Oxford study said this : 'US falling behind due to stalling improvements in deaths from cardiovascular disease and from increases in deaths from metabolic, respiratory and nervous system causes. The US disadvantage in these causes suggests longer-term processes that contribute to chronic diseases such as high levels of obesity, which are more extreme in the USA compared with peer countries.'

• this study found both the US and UK were falling behind : the fact that obesity and general health were driving the US chronic disease rates is important imo. If US and UK are worse than other European countries health wise, surely lifestyle must be part of this? And this can be altered. Diet and other lifestyle improvements are things we can all at least try to do, to protect ourselves.

It also found :

'Our results suggest that, although the UK performs relatively well on external causes such as suicide, homicide and transport accidents, this is countered by stalling improvements in cardiovascular disease and cancer, and drug deaths are also increasing. Our analyses did not separate the UK into its constituent countries but previous work has shown much higher midlife mortality in Scotland, with drug mortality in recent years even higher than it is in the USA.24'

Imo this is significant. Scotland could well have affected results for other countries, we need to separate into the 4 countries to understand properly

https://academic.oup.com/ije/article/53/2/dyae024/7632338?login=false

It’s a swipe at Bevan, an economist who knew he was creating an unfunded pyramid scheme. We secured the welfare of a few generations of pensioners but at what cost? People used to think more about the legacy for future generations, now it’s more saddling them with obligations for present benefit.

It is already planned that pension age will increase to 67 imminently and 68 within the next 20 years.

My pension age is already 67. Has been for years.

Governments, not generations. This sounds like covert swipe at those born 1946-64.

Pensions need to be changed to investment funds instead of National Insurance contributions paying for the current cohort of pensioners. This was a huge mistake and previous generations robbed future generations by placing this debt on them.

As an outsider looking in this NI stuff is just ridiculous. Here we simply pay tax and it covers everything the government funds.

If you really think having to work a few extra years is in any way comparable to sending kids down the mine then you are nuts.

Honestly, while I agree there are many things in this world which need to be moaned about and actions taken to change, this isn't one of them. I give people like you a wide berth in real life, no-one likes a whiner (especially when it's over something they haven't a hope of changing!)

It is already planned that pension age will increase to 67 imminently and 68 within the next 20 years.

Denmark (and others) have plans to increase to 70 in the same time frame and It would not suprise me with public finances being poor if the UK follows suit and pushes up plans.

It's an easy stealth tax change , as people don't tend to prioritise long term. How much traction did previous changes get?

I do expect there would be a lot of noise from people who could have already started early retirement (age 55) and this would not be politically possible to affect them. But this changes to 57 very soon too.

At the same time, healthy living age has gone down probably due to COVID. At age of 70 approx 50% of people in the UK have a life limiting disease or disability.

Maybe I was a little dramatic with my last post,
But it's not too unreasonable to say if you are not 55 now, don't count in the government pension as you are likely to work untill you are seriously ill or dead.

Maybe these savings in unclaimed benefits would off-set the treatment of these fucking leeches:
https://policyinpractice.co.uk/publication/unclaimed-aa/

well people complain about the welfare bill and the pensioner's are the biggest part of it,

What do you suggest we do otherwise? Let elderly people starve and not give them any sort of medical care?

how do pensioner's and medical costs that cost quite alot to society with little return on investment for society ?

PP said she really loves her job.
To me, that is more important than money.

Again people who have "paid in" via NI probably deserve some lump sum payment back.

We need to transition out of this government Ponzi school and have people privately save up for their retirement.

Which makes me ask why did you choose to do this line of work if it pays badly?

I moan and I complain.

As an activist I also campaign, advocate , support and press for change on the issues ( for example pensions) that I, and millions of others, moan about.

If we all had your " mustn't grumble" mindset we'd still be sending kids down the mine or working seven days a week.

It's a mystery to me why people say things like this.
So you seriously think than before the next 12 years are up, the state pension will be abolished?
On what basis, other than dramatic rhetoric?
No Government so far even dares to dicuss the triple lock. It's quite a jump to get from there to abolition in little more than a decade

Retirement age will soon be moved to 67 then I expect beyond this. Many people will just work until they fall seriously ill then die.

Unless you are 55 or older now, I would not count on any state pension.

What a moaner! Do you really think the UK is the only country where the age of entitlement to state superannuation has increased? When I started work the retirement age here was 60, it is now 65 and will probably increase again at some stage. So what? I have literally never heard one person complain about it.

Maybe stop comparing what you might get to what others had in the past, you might just find life a bit more enjoyable.

I retired at 56 and get a reasonable pension but, despite having 39 years of NI contributions I will not get a full state pension at 68. Friends in Australia tell me that the state pension is means tested and you only get it if your works pension is low.

I have absolutely upskilled and future proofed.

Your comment was incredibly rude though. It’s possibly to be highly skilled but not highly paid

No worries. But I do a job that not many people have the skillset to do. (Most people don’t understand the job description not sure I do tbf) It’s not that well paid because of the sector it is in. My previous job is likely to disappear in the next few years so I played the long game to get the job I wanted - not bad for a 55 yo 😬

Sorry, was annoyed at the person I quoted, not you.
My DP is highly qualified in his role and on £30k. He can't go any higher.

There is also nothing wrong with not wanting a career.

If you love your job, in my eyes you are a winner in life.

Sorry if you misread what I said. I am rubbish at explaining things.