Who are all these ‘economically inactive’ 50 year olds

[Orangetapemeasure]

The government is trying to encourage 300000 or so ‘economically inactive’ 50+ year olds back to work. Who are these people and what do they do?
I can imagine some people in their 60s deciding to retire early, but I don’t know a single 50 year old who has or could afford to give up work. In fact I know several previously SAHM who are only launching their careers in their mid 40s. I’m mid 40s with a good 15-20 years left to work.
MN please enlighten me.

For years they wanted the over 50’s to retire to give youngsters a chance to get a job

The over 50’s did just that, now they want them back 😳

Trouble is, employers don’t want to employ the over 50’s 😳😳😳😳😠

Cant have it both ways 😠😠

I think a lot are living outside of the UK living off the proceeds of sales or rental incomes, but are still registered as living in the UK

@SpaceNambo it was in Early Years education. I did it as an apprentice in a private school in their Kindergarten. I work there now as a supply TA with older kids in year 2.

@crazyaboutcats we're not retired yet but when we are that's what we'll be doing. Living overseas for around 7 or 8 months and spending the summer in the UK.

It's what every member of my family over the age of 50 has done.

On this subject, the budget is going to raise the amount people can put into a pension.

www.google.com/amp/s/amp.theguardian.com/money/2023/mar/10/pension-jeremy-hunt-raise-cap-budget-lifetime-allowance

@crazyaboutcats it's the perfect way to retire imo! Where have your relatives gone? Have they kept a property in the UK?

We're planning on downsizing, giving the DCs a deposit to buy their own places, and buying ourselves a small flat/house as a UK base. And then living off our pensions and investments somewhere warm and sunny where the cost of living is 80% lower than the UK. We'd rent not buy.

It's a long way off though. At least 9 years. I'll be 62. I love my job so am happy to keep working. I don't feel burnt out or stressed, I get a lot of job satisfaction and am well paid for what I do.

Two moved to the Algarve, Portugal. They live in newly built complexes very much aimed at the British 'ex-pat' market. One sells them part-time, the other has a RV and they travel for part of the year.

One bought a number of hovels (single room houses) in a mountain village about an hour drive from the coast in Andalusia, Spain. And over the course of a decade turned them into a home, workshop and couple of air bnbs.

Another moved to Chaing Mai, Thailand. They started off renting a room (has own bathroom and balcony) and now rents a house there.

How? (or do you mean pre brexit? over 3 years ago, so hardly in Hunts sights now)

Unless you have a EU passport.... you can only stay in the Schengen zone for 90 days in any 180 day period, 6 month visa's are possible but hard to get.

Or with Portugal..... they had 500k euros and bought a Golden Visa so hardly looking to return to work & only applies to Portugal until citizenship is acquired.

It caught out a brexit voting friend who retired a couple of years ago....had a customised RV built only to find their dreams of living and travel around Europe is somewhat curtailed.

The numbers of UK citizens retiring/travelling to the EU is a trickle now.

Could be dual citizenship. I agree most British people don't have it, but a couple would only need one Irish grandparent between them which is common enough to be completely unremarkable.

Irish was just an example there, other EEA nationalities are available!

Thats not how it works.

You need to apply for a residency visa to stay beyond 90 days and it would be for that country only for the non EU citizen.

So effectively... you'd need to permanently move to said EU country.

Yes, it is.

EEA free movement rights mean the qualified person, ie the EEA national who is coming to be self sufficient, is able to bring family members with them. A spouse is a family member. In the example I give, a couple where one has an Irish grandparent, that partner could get Irish citizenship and could bring the other with them using their free movement rights. If a person who holds solely British (or other non-EEA citizenship) has an EEA national spouse, they're treated differently to British citizens who don't.

There's nothing in EU free movement law to prevent the EEA national doing this in multiple countries over a short period either, and it wouldn't affect their rights to bring in family members. An EEA national could, if wished, use their free movement rights to be self sufficient with their family members in one member state for a couple of months then go on to another. Or go back home for a bit. Applying for the residence cards might be an admin faff at present, I grant you, but it's absolutely permitted.

No it is not.

You need to apply for residency... just pitching in your RV with your OH on a EU passport and you on a UK one, planning on a 6 month tour of EU countries... will not circumvent the 90/180 rule, you on your UK passport will have it stamped on entry and exit and if limits exceeded, they'll be a fine and or restrictions on re entry applied.

You have to apply for residency (i.e moving to said country) and that means registering for tax, restrictions on foreign income etc etc

I happen to know this because i have a Irish passport and my partner does does not, when we queue at borders, i can use the EU gates and they cannot, they get a stamp, i don't.

Snap, I too am an Irish citizen married to a non-EEA national. Hello!

Being the family member of a qualified person does circumvent the 90/180 rule or similar limitations on the residence of non-EEA nationals, and that's literally one of the basic principles of EU free movement law. That the qualified person can take their family members with them, to live.

It comes from the principle that member states should be facilitating free movement rights. Part of this is the ability of the qualified person to bring family members with them.

Here is the information the Irish government provides for Irish citizens exercising free movement rights. You'll notice there's nothing there about 90/180 day rules or similar applying to their family members: because they don't.

www.citizensinformation.ie/en/government_in_ireland/european_government/european_union/freedom_of_movement_in_the_eu.html

Here is some information from the EU itself, stating that family members have the right to reside and work in another country.

ec.europa.eu/social/main.jsp?catId=463&langId=en

This doesn't mean that any time an EEA national goes to another member state they're exercising free movement rights though. If you're going on holiday for a week, free movement rights aren't really applicable there. Which may explain why your DH wasn't treated as the family member of a qualified person in those circumstances.

That said, DH has been through the EEA nationals gate with me before when entering a member state (Portugal, as it happens) and got a stamp. I think because I could in theory have simply arrived with him, told them I was going to exercise my free movement rights and live there and they'd have had the obligation under EU law to facilitate his residence. They probably couldn't be arsed sending him back through the non-EEA queue when it became clear that I was not in fact exercising Treaty rights, but rather coming for a city break in Lisbon.

Some EU airports don’t have separate gates, everybody goes the through the same one. Non EU nationals get a stamp, EU nationals don’t.

Good point.

I’m semi retired 58, Mum passed away at 76 , Father 83 after 6 months of illness, covid kicked in off work for nearly 6 month all together, after all of that, I thought why am I working full time, NI paid up for full state pension, so living off my part time earnings, savings, unfortunately I now don’t want to work part time either, I think I would find it impossible to go back full time, even I’ve I could get a job, very hard at this age.

I'm 52, among my contemporaries I only know one person who is retired, she had a very well paid job and no kids, and when her older husband retired she went with him to enjoy themselves.

Everyone else is still juggling mortgages, teenagers, and elderly parent care, dreading the financial impact of a couple of kids starting uni, and has no hope of retiring any time soon.

Everyone else is still juggling mortgages, teenagers, and elderly parent care, dreading the financial impact of a couple of kids starting uni, and has no hope of retiring any time soon
I'm so relieved I had children in my early 20s, there's no way I could cope with teenagers in my 50s 😳

There's definitely advantages in doing it that way.

I must admit I'm finding it very hard - menopause and a hormonal teen DD with added SEN and mental health problems is a very volatile combination!! 😱

NImumconfused
But what happens in the next few years, children leave home, parent sadly passes away, you could reconsider

I assume those over fifties taking their good pesions early must have DB pensions. A DC pot would have to be massive to last from your early fifties to death.

Pensions not pesions. 🙄

Ginmonkeyagain,
it depends on what your outgoings are and what age you live too, what age your health lasts, where you can actually use your money, my dad passed away at 83, the last 3 years of his live was not good, the last 6 months was awful, in that time, he wasn’t even spending his state pension, My FIL who is 86, is basically house bound, has been that way for the last 3 years due to a mod stroke, likewise the last few years he has not spent all his state pension, let alone his work pension,