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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

Retirement ages in Europe versus the UK

86 replies

MensisIanuarius · 19/01/2023 06:58

AIBU to think this has gone relatively unnoticed by the UK population?

So, we are plagued with high taxes, low ages, long hours and commutes on unfit for purpose infrastructures and we retire 4 years later than Germany, who has the oldest retirement rate in Europe.

France are kicking off big time at raising it to 64, and our government are looking to raise it to 68 at some point.

So, work long hours, pay massive taxes, can't afford food or heating and work till you are 67/68. If you are lucky, you might get a few weeks off before you peg it due to the previous decades of poor quality of life, and lack of healthcare.

AIBU to think this is actually a massive shitshow to retire at 67, whereas our neighbours pack it in way earlier?

OP posts:
gogohmm · 19/01/2023 15:34

@Alexandra2001

But for people like me who have lived overseas and been to university the U.K. is generous, I only need another 7 years of contributions and I'll get a full pension despite retiring early, in france I wouldn't be able to get a full pension

TheNoonBell · 19/01/2023 16:06

Retirement ages are going up all over the western world, not that get that in the news here. We are in the upper band but they are all going up.

en.wikipedia.org/wiki/Retirement_in_Europe

67 years: Denmark, Greece, Iceland, Norway, Italy
66 years: UK, Ireland, Netherlands, Portugal
65 years: Austria, Belgium, Finland, Germany, Hungary, Poland, Sweden

TheNoonBell · 19/01/2023 16:07

@MensisIanuarius Germany is 65 at the moment and wiki says:

In Germany the retirement age is to be increased gradually and reach 67 years by 2029

NellietheElephantpackedhertrunks · 19/01/2023 16:10

That’s it, I’m moving to Turkey!

MarshaBradyo · 19/01/2023 16:14

NellietheElephantpackedhertrunks · 19/01/2023 16:10

That’s it, I’m moving to Turkey!

That does stand out

Denmark projected to be 74 in 2060

Outfor150 · 19/01/2023 16:26

You also need to take into the account the amount you get as a state pension. The U.K. has the lowest state pension in Europe, I think. I think the pension in France is double that we get here. I’ll have to check the facts on that, but when I looked several years ago, that was true.

BloaterW1 · 19/01/2023 21:07

Outfor150 · 19/01/2023 16:26

You also need to take into the account the amount you get as a state pension. The U.K. has the lowest state pension in Europe, I think. I think the pension in France is double that we get here. I’ll have to check the facts on that, but when I looked several years ago, that was true.

No the UK doesn't, have a look at full fact it's been debunked a number of times

fitzwilliamdarcy · 19/01/2023 21:47

edwinbear · 19/01/2023 13:20

Taxes in Belgium are really high - you pay 40% after about 14k per year and 50% on anything over 42k

The reality is, that this is the level of taxation we need to pay in the UK if we want a functioning NHS, schools, decent pensions etc. But I can't see any party trying to implement it getting voted in.

I happily would (am a higher rate taxpayer at the moment) and I don’t think I’m alone, but the worry is it’d just be used for more stupid vanity projects/contracts for Tory mates. Wages need to go up, tax needs to go up, and we need sensible politicians who will prioritise putting that money where it’s needed rather than feathering their own nests like feudal lords.

Katiepoes · 19/01/2023 22:24

I am in the Netherlands, it's 67. 67 and seven months to be precise if I look at my profile on the relevant government page, and I honestly expect that to increase again before I get there. I don't think my daughter's generation will even have retirement as an option unless somehow privately arranged.

pissssedofff · 20/01/2023 09:57

Katiepoes · 19/01/2023 22:24

I am in the Netherlands, it's 67. 67 and seven months to be precise if I look at my profile on the relevant government page, and I honestly expect that to increase again before I get there. I don't think my daughter's generation will even have retirement as an option unless somehow privately arranged.

Its 66 and 7 months i believe, so good news for you :)

bakebeans · 20/01/2023 21:50

I work for the NHS. My pension was set by the twat Jeremy hunt and his cronies years ago in 2015 when they re jigged the pensions that all NHS staff set to retire at 68. I thought. This has already been done!

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