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.

A lot of people rent, and a lot of people don't do the kind of jobs where you can wind down by doing part-time consultancy.

KimberleyClark · Today 19:56
I know women who gave up paid work after their first child was born and never went back. They are early 60s now. Where do they stand with regard to state pension?

Ill be 60 next year. I don’t know anyone who never went back to work.

@AreOttersJustWetCats I heard the example of scaffolders on the radio today, they probably can't scaffold until 68 but maybe B&Q is an option. I think most of us morph careers over the years.

@KimberleyClark they get a smaller pension based on years they paid NI contributions. But frankly, if they never went back most of them (not all) will have partners that were able to support them and they are the sorts that have probably saved well too.

The current generation of 20 to 40 year olds are estimated to be the largest generation ever that will benefit from substantial inheritances.

todays 20 yrs olds? more older people are renting than before so what are these 20 yr olds going to be inheriting?

Shhh. You're disrupting the Poor Millenials Have it the Worst ever, Boomers Should Give Us All their Money narrative.

It's not a narrative though...

That’s all very well. But the age you can access any pension savings is tied to the state pension age (you can access private pension savings 10 years before you reach state pension age). So if the state pension age increases to 68, you won’t be able to access pension savings until you’re 58.

People in their 50s now have a longer life expectancy than newborns.

Every year of your life you survive you have outlived some of your cohort so your life expectancy increases.

My parents in their 70s have 10-15 years life expectancy.

What's unfair is all those low income unhealthy people who contribute to pensions for decades then don't live beyond their 60s.

Or people who are too ill to work beyond their 50s so all their savings are swallowed up by means tested benefits.

I see someone has already pointed out there's a difference between life expectancy and healthy life expectancy. Thank you @safeplanet

The data came from an ONS publication "Health state life expectancies, UK: 2018 to 2020": www.ons.gov.uk/peoplepopulationandcommunity/healthandsocialcare/healthandlifeexpectancies/bulletins/healthstatelifeexpectanciesuk/2018to2020

I noticed the disability free life expectancies were lower than the healthy life expectancies too. I'm not sure why that is, and I'd love to know if anyone has any theories.

I’m 58 my pension age is 67 but have no illusions I will be able to afford to retire so will have to work PT at least
I’m currently doing some caring for DM 84 with Alzheimer’s and help out adult DC (no GC as yet)
Along with FT work I’m also a trustee for 2 charities and a director of a CIC
I’m already verging on burnt out

Oh and forgot to mention I’m also disabled

.

I'm.really hoping it doesn't. My NHS pension is tied to state pension age we can't take it before this date with out huge cuts. I started work 30 years ago with a pension age of 55 due to the nature of.my work with changes I'm already working 13 yrs more and tbh will need a very different job at that stage as physically can't do this one much longer.

Don't worry. All the nurses, teachers and council workers who all work oh so very very hard, will still get to retire or go part time at 50/55.

What are you all worrying about? This is a problem for "other people"

No they won't.

Sorry. Was looking at retirement.

Not sure why someone going part-time is anyone's business. Surely freeing up jobs for the young 'uns?

I am 55 now. I am aiming to retire at 60 by which time I reckon my currently very independent and fit dad will be getting a bit frailer and I can care for him. I plan to take my NHS pension which won't be a lot as I have so many gaps and part time working, but hoping that and the lump sum will tide me over to 67. To be honest I'm ready to retire now. previous to my current role which is relatively desk bound and easy work, I worked as a Nurse for 30+ years and feel worn out !

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

I'm pretty sure the government doesn't care, especially about the fate of those to frail to continue to 68/ caring duties/ victims of ageist employment practices. They just want them off the pension for as long as possible.

I don't think the government thinks at all. Look at the pleas for those terrible over 50s to get back to work. The ones who planned and were able to put money by to retire early. Doing just what the government wants workers to do - look after themselves, be prudent. Whoops. Egg. Face.

@echt I totally agree the government does not think things through. There will be increasing issues with elderly people whose adult children are all in full time employment and can't visit the hospital to take their mum to an appointment. When people think of care they always think of washing people. But most older people need some help long before they need a carer.

Based on the definition of both terms which is given in the glossary, it seems quite possible for someone to qualify as disabled who doesn't consider herself to be unhealthy.

For example, I have a teenager with a learning disability. According to the definition in that glossary, she will be disabled for her entire life because she needs (and will need) help with day-to-day activities. However, so far, nearly all of her life she has been in excellent health.

By contrast, my other child has had a different type of disability (ME/Chronic Fatigue Syndrome) which did involve poor health. For them, the disabled years have coincided exactly with the unhealthy years.

Thank you Saracen. That makes perfect sense when you explain it like that. I only got as far as noting the definition for healthy life expectancy was based on a subjective measure of health while that of disability free life expectancy was based on a more objective tick list of criteria. Then my menopausal brain fog rolled in again.

Those are very personal examples, I'm sorry, that can't be easy for you.

And this is why I smoke

I retired at 58 on an occupational pension. Won’t get my state pension until 67.

Saving cash for 25?years is up there with being a prepper. Total madness. Cash is NOT real and will be worth about 40% of what you put in, in real terms.

put it all in your pension. Check for low costs and go on the money board @nannynick will give you some sensible advice

I was completely unaware that during my university years no NI credits were accrued and by the time I found out it was too late to make payments. So I’ve got an additional 4 years till I qualify to receive full pension.

You’ll still be miles away from SPA, so it really isn’t an issue. You can buy later years if you do retire at 57.