to think if the state pension age of 68 is being brought forward.........

[JenniferBooth]

then they need to stop moaning and whining when there are no family members (read women)
to provide unpaid care so elderly relatives can be discharged from hospital
You cant have it both ways.

@Blossomtoes there was from me under a previous username I also posted a thread about the changes to Pension Credit for mixed age couples in which i predicted it would leave the younger half of the couple unable to provide as much care for their older spouse. This change came in a few years ago

It’d be interesting to see cultural differences wrt caring. Some countries are more predisposed to familial care / living together.

I have an NHS pension but didn't start it until 10 years ago and I'm 43. I also don't own a house and am never likely to. Part of me wonders why I'm paying extortionate amounts into my pension each month when in retirement that money will likely be paying someone elses mortgage. If I had no pension the government would pay my rent.

Is there any point in paying into my pension especially as the way I see it is I may never get to retire anyway?

I do worry that many of today's mothers will be poor in their old age.

So many still choosing to be SAHMs or working part-time, not pursuing careers or seeking promotion, not paying into pensions, relying on partners they are quite often not married to.

This

I don't need to - my Dad is a 68 Yr old bricklayer/builder.

He's been on a roof this week in freezing temps. I've no idea how he does it. He has no private pension, neither does DM. It just wasn't a thing when they started out working in blue collar jobs.

I calculated how much of my salary I need to pay into my pension to get £20k a year when I retire in 30 years time. It's 60%. No that isn't a typo.

I think I'm just going to have to hope I own a property at retirement age and do equity release, I can't think what else to do.

they need to look at healthy life expectancy & ageism in the workplace. Also that's a hefty load of NI contributions placed on younger generations. They need to start looking after them more imo.

It’s a huge issue

People inheriting from house owning parents might be more ok - but I had thought asset could be sold for care fees

When I started work in the Cretaceous, 60 for women/65 for men was a given. I think that it was right to bring it in to line with the men but it should have stayed at 65 for both.

I left work 3 years ago to provide 24/7 care for my husband and have my years in for full State, help by the princely Carers Allowance. Any possible interference with that make me extremely nervous.

People who own their houses will most likely be able to retire or go part time earlier, if they’ve received inheritance this is even more likely. Because if you don’t pay a mortgage or rent your monthly outgoings are so much smaller. It’s just going to create even more of a two tier society where the most disadvantaged have to work longer

If it does happen, you can bet it won't be announced before the next General Election.

This outrage over one year is amusing.

But it's just one year, then just one more, then just another.... Like with food prices in the cost of living, if it was just a tin of beans that had gone up 20p and nothing else, it wouldn't really matter; but with everything combined, it makes a huge difference.

Just because the state pension age will be 68, it doesn’t mean you have to work until then. Many people are saving their own pensions so they can retire when they want. Relying on the state pension is really not a good idea.

It's great if you're able to do that, but many people just don't get dealt a good enough hand in life to be able to be independent of needing the state pension. You might as well tell everybody on UC that they wouldn't need to rely on it, as they could have just made sure they got a (better-paying) job, didn't end up a single parent etc.; no ifs or buts.

A state pension age of 68 is significantly higher than the healthy life expectancy of men and women in the UK. Healthy life expectancy is 62.8 for males and 63.6 for females. Disability free life expectancy is 62.0 and 60.7 years respectively.

They can increase the state pension age as much as they like, but claims for disability benefits will go up accordingly.

I will have to retire at 67. My mum is 82 now and I see her for an hour a week roughly as I work full time. I cant help with my grandchildren at all other than weekends and see them and one of my daughters about an hour a week too.

If I get to inherit anything, I will probably have already retired. It's definitely getting harder to get to and from work and I am very tired in the evening so never go out now. I don't sleep well since meni and I suspect I will have a lot more sick leave from work in the coming years as bugs are hitting me much harder let alone the almost inevitable health issues I may have to deal with as I age.

I think it's a false economy making us work so long when we could be employing young people in decent jobs and letting them move up the ladder at bit and it would help with the care burden.

I'm in my 30's. I basically do not believe I will get a state pension. So I'm not banking on it.

I pay into a private pension and I pay £200pm in to a locked savings account. I'm not after the interest rates, I'm after the cash. I will pay a minimum of £200 into this account over the next 25years. If I can pay more as my income increases I will.

This will give me a solid cash nesteg of £60,000 to retire on at 55. This will then bridge the 10year gap to 65 when my private pension that I also overpay on will pay out.

This will allow me to care for grandchildren should there be any and actually enjoy my retirement. I'm a frugal person so don't require much, I'm not planning on luxury holidays, simply living, going on walks, watching TV and having a warm home.

I plan to purchase a year or two before I retire from work a brand new run around car that should see me through retirement.

I'm a loan parent, so there will just be me living off that. It's doable.

How is 60k going to last you 10 years? Thats 6k a year.

Good luck with living on £60k for ten years.

We have all been shafted, people my age were paying for a war that was before we were even born!

I think it’s false economy too.

There is no help for your children with childcare. This makes them poorer and increases demand which increases cost.

There must be a reduction in entry level jobs preventing career climbing. The older generation are sort of like bed blockers. Filling vacancies that could be utilised by you get people.

Dusability and sickness benefit must increase as people get older. Why not just pay pensions instead?

Surely part of the caring crisis is that people are expected to work longer and can’t help their parents.

Age discrimination is rife in the workplace. So older people will need more support during unemployment.

Is it worth having such a high pension age?
Does it even itself out?

The current generation of pensioners have not properly funded their own pensions through sufficient taxes and left later generations to pay the price. They need to pay the shortfall that they owe to future generations via inheritance tax.

But surely that is the fault of successive governments not the pensioners? We pay MPs and civil servants to forecast the future costs of the state pension, and NI is adjusted accordingly. If that’s not been done, it’s got nothing to do with Sally the retired teacher or Bill the retired postman.

The funding shortfall does need to be addressed and that’s probably going to be an increase in NI and other taxes.

Yup. 2006 we stopped paying for that.

Even though people are living longer, I am not convinced that it is a quality life. I think retirement age should remain at 65 for both sexes. However the funding aspect needs to be looked at.
We have gone from the state will provide for you in your old age to sort it yourself and sell everything you own to fund it.
I have been lucky that I have been paying into a pension since my 20s and I will have some savings/inheritance, so the plan is to retire at 63. However, the constant increases/changes to care/pensions needs to stop. Not everyone can find more disposable income, especially as elderly parent care falls on mainly women (cultural related)

Yes. Mum was 38 when she had me, dad 49. Dad died when I was in late teens. Mum began showing signs of dementia in her early 80s. So when I was in my mid 40s.

Sadly, I can see a time a bit further down the line when the idea of old folk being given a pension to (theoretically) live on by the government will seem as crazy as the idea now must seem to younger people that university students 'in the olden days' would get free tuition and even a grant towards their living expenses.

They should fund it as a generation by paying higher tax rather than putting an even bigger burden on the young