To think 71 is too old for state pension age?

[winterwonder1]

This isn't just for people who are 21 now - that's for people born after 1970 - so 55 now. I can't imagine being fit enough to do my job at 71.
DWP State Pension age will have to rise to 71 says report | News Shopper

I agree, can't imagine a 70 year old welder, scaffolder, roofer..

This is what I think. All the times I’ve gone to a national trust property and it’s been retired people staffing the place. Who will do these kinds of things?

Seriously, who cares?

Presumably you do hence why you jumped on my post 😆

Regardless if your state pension age is 60 or 68 I don't understand why if you continue to work past that you don't have to pay NI. You don't have to agree & feel free to ignore.

They are also free for everyone in NI, Wales and Scotland

I suggest you ask your MP why is it only the English pay for prescriptions

What noone has mentioned yet are multi generational households.

Before we had pensions for all in this country (and is the case in many countries currently), the elders are looked after my family members, often in the same house.

Some grandparents can provide childcare. This is a bonus when most families now need dual incomes to maintain mortgages etc.

Ofc it comes with downsides but with the housing and pensions crises, I see it as being the only solution for many.

Maybe we'll see the rise of more community-style housing, where extended families/neighbourhood groups can help each other out. I kind of hope so. The current nuclear family setup has lots of mental, social, and financial disadvantages.

I don't have family to fall back on so I'm ploughing as much money as I can into my private pension. I think I'll be fucked by the 2050s if I don't.

Because that's the deal 'signed up' to, effectively if not literally, when we started paying NI back in the 80s. We've already had the goal posts moved once, when I was 16 the deal I got my state pension at 60 and now it's looking like 71!

Perhaps the electorate are short term thinking, we keep changing the Government

How many Prime ministers have we had this decade ???

This argument is flawed on many levels but one of them: NI is just a tax, it isn't some sort of deal you signed up to. You pay it if you earn over the threshold; you couldn't have opted out if you didn't like the deal then.

If they did means test the pension, there would be chaos. I would imagine those who get help will be those who haven’t paid enough in whereas those who end up with reduced pensions are the ones who worked hard. How is that fair?

It's the same for NHS pensions too!

It's totally unfair, and I don't really think it will happen because there will be a great deal of civil unrest.

It’s a social contract with NI linked to pension eligibility through qualifying years of payment. If it was just a tax there wouldn’t be that link and the requirement to pay it wouldn’t be limited to working people under state retirement age. Women have been totally fucked over by the state on pensions.

If it is the same you can currently retire from age 55.

https://www.nhsbsa.nhs.uk/sites/default/files/2019-08/Early%20Retirement%20factsheet%20%2805.2017%29%20V3.pdf

You can take the pension from 55, soon to be 57, reduced for taking it early.

It does feel like a shifting of the goalposts.

Yy, it was a contract.
Yy, women have been totally fucked on pensions. Many women were totally dependent on their husband's eligibility for SP even after working their tits off since leaving school and often in low-paid part-time jobs .
Things have changed but not necessarily for women's betterment. I wonder if the Government du Jour hopes we will just shut up and go away . Or die . Quietly .

Last year I had some cladding put on my car port. The company consisted of 3 men in their late 70s. They did an excellent job. They were up and down ladders. They joked about their age and didn’t start that early.

At 62 I find the journey to and from work is starting to get a bit taxing especially when my arthritis is playing up in the winter. I have another 5 years probably full time to go until state pension. My job isn't manual but is full throttle all day usually so I really can't imagine doing it at 71.

What happens to disabled people that can't work and save a pension? What happens to them?

At the moment people without full state pension often end up with more than people who did pay in as they get pension credit and all the add ons.

It absolutely had to change at some point, these huge pensions for 20 years are bankrupting the country. Young people are paying in too but getting much less back than older people have. Healthcare is much worse, schools are overcrowded, and most don't expect to even get a state pension even after paying in.

It wouldn't sit right with me that I should get to retire early but people 30 years younger than me should have to work 5-10 years longer. It had to change for everyone.

Where are you getting 15% from?

ONS says figures are much higher: between 43-57%

https://www.ons.gov.uk/employmentandlabourmarket/peopleinwork/workplacepensions#:~:text=Between%20April%202018%20and%20March,pensions%20wealth%20in%20Great%20Britain.

In my lifetime my state pension age has gone up from 60 to 67. I'm not really complaining as I plan to live to 100 but I would say to all you young people aim to save enough into a pension to retire when you want. Don't rely on the Government. And find a job you love so you want to do it into your 60s.

They continue to receive the benefits that they are eligible for until they are pension age?

What huge pensions? £221 a week? After paying NI for around 50 years in most cases.