Pension age to be raised to 75

[KDave]

https://www.msn.com/en-gb/news/uknews/pension-age-should-rise-to-75-tory-think-tank-report-says/ar-AAFYeIo

We all knew it was coming, is it going to happen sooner than we thought?

Pension age to 75 is the proposal, lets see if its got legs, I think people will kick off. How can raising the pension age (cutting the contributory pension) while keeping the most generous non contributory benefits system in the world going be justified. How about the non contributory inter-national health service, 'free' at the point of use. We still have a foreign aid budget for gods sake, we should be asking Africa for help at this rate. 

Amazing spin - lets keep the oldies working so they can "access the benefits of work". The average UK life expectancy is falling as I understand it, now 79 for men - retiring at 75 takes the pressure off the govt. coffers and imagine the additional tax they can skim from another 7/8 years of work. 

Perhaps the intention is to announce this madness just to justify cuts elsewhere, I hope so. They can't keep smashing the same people over and over, the ones who are paying for everything, and expect things to continue on.

[5huggy]

11 minutes ago, KDave said:

we should be asking Africa for help at this rate. 

We are already "SELLING" off the SILVER to TURKEY!   their  military pension fund to buy British Steel - ie turk pension scheme better than UK GOVERNMENT!  WTF!!!!

[itslikegolddust]

What will the 10000000's in physical work do? Cant see many 70 + yr olds in the trades!

[RoughDog]

Guessing there are going to be more people claiming benefits then.  Unemployment figures will rise unless they can find another way to exclude them for the stats.

It will be a case of those sponging pensioners claiming benefits cheating the system.

[KDave]

Just now, RoughDog said:

Guessing there are going to be more people claiming benefits then.  Unemployment figures will rise unless they can find another way to exclude them for the stats.

Benefits will become the new state pension? In particular disability? I think this could be it. That is the plan. 

The honest people will be working until 75 as they should be, silly mugs. 

MP Smithy might as well set fire to the social contract while he is at, if he can find any of the pieces left by Blair and Brown. 

[5huggy]

2 minutes ago, KDave said:

Benefits will become the new state pension? In particular disability? I think this could be it. That is the plan. 

The honest people will be working until 75 as they should be, silly mugs. 

MP Smithy might as well set fire to the social contract while he is at, if he can find any of the pieces left by Blair and Brown. 

And DONT we just LOVE BROWN for having sold of the country (By default OUR) Gold at £350   - gawd I wish he'd sold it to me at that price!!

[Xander]

Tory think tank? With an election brewing, could this be a re-moaner Tory think tank out for vengeance?

[KDave]

Yes trust the govt. to steal from us and flog the national treasure (gold) and assets like the railways and British Steel to pay other nations pensions (Germany, Turkey now as you say). Utter madness.

If the Tories are going to do this they better be prepared for the opposition benches at the next election, it was a close call the last time around because of the intention to force folk to sell their houses to put money in the pockets of care homes. This is that plus another level of kicked in the teeth. 

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Added 0 minutes later...

1 minute ago, Xander said:

Tory think tank? With an election brewing, could this be a re-moaner Tory think tank out for vengeance?

Perhaps they don't want to win. Why let a good recession go to waste when you can blame it on Corbyn. 

[RoughDog]

What left was there to sell?  Thought most other stuff had already been sold, sorry I meant privatised.

[KDave]

2 minutes ago, RoughDog said:

What left was there to sell?  Thought most other stuff had already been sold, sorry I meant privatised.

 

22 minutes ago, 5huggy said:

We are already "SELLING" off the SILVER to TURKEY!   their  military pension fund to buy British Steel - ie turk pension scheme better than UK GOVERNMENT!  WTF!!!!

Selling British Steel to the Turkish military. God only knows why. If its profitable for them, it can be profitable for us, there is no logic to it. 

But keep working until you are 75, its for your own good 

[5huggy]

7 minutes ago, KDave said:

 

Selling British Steel to the Turkish military. God only knows why. If its profitable for them, it can be profitable for us, there is no logic to it. 

But keep working until you are 75, its for your own good 

The REALLY ILLOGICAL part is "WE" are giving em £130million to take it!!!!!!!!!!!!!!!!!

[KDave]

Life expectancy for males in Glasgow is 72. No pension for them, only tax. 

In fact there are several regions on the UK with life expectancy for men below the proposed pension age.

Blackpool 73, Belfast 74, Ayrshire 74, Blackburn 74, Birmingham 74.

Some places you get a couple of months on average. Work until you die. 

I am glad I have not accounted the state pension in my retirement calculations, but its still not on. There are many places to cut before the contributory pension.

[5huggy]

and I dont remember being asked if they could throw "OUR" money away like this!!

[KDave]

We don't get asked, we just get a choice of blue or red every 5 years and then they do what they want. Whats 130 million anyway, its not like we need the money for anything is it 

[5huggy]

as per my reaction to your last! - More Hysterical laugh cos yer dead right !!

Unfortunately this is likely to lead eventually to something akin to a "revolution"  Note to self  - learn to keep saying  Vive la revolution!! 

[KDave]

Just realised my old man will be working until 75 if this comes in. I have been telling him for years to sort something out but he has factored in the state pension to the point he is reliant on it, he is old school mentality and trusted that it would be there. He is a car mechanic, can you imagine a 75 year old under cars putting gear boxes in, hes still strong now in his 50's but already starting to struggle with it. 

I can't see the Tories getting this done, it must be preparation for something else, spending cuts elsewhere.

[KDave]

I expected my generation to be getting shafted with the state pension but not the older generations, its coming around faster than I thought it would. 

[5huggy]

The reason the "Workplace pension" is being SOLD so hard as "You put in  - - We put in" - so younger generation will be duped into (eventually) thinking that thats it !!

bear in mind that ALL the while they are still paying into the "STATE" side of things that I THINK they'll NEVER SEE!

[KDave]

Yes there will be workplace for the younger generation to some degree, hopefully people will figure out they need a SIPP and other savings as well on top. I think @RoughDog has nailed it, state pension is effectively being means tested. Raise the age to 75, then people can 'retire' sooner if they are no longer fit to work via disability benefits, if you are fit and healthy you have to "keep going son". If you have assets you pay your own way for as long as you can before claiming disability/pension (see "benefits of the LISA" thread).  

Edit to add - I reckon a SIPP and any other pension income will also likely be included in 'if you have assets you have to pay your own way', that bit of legislation will come later.  

[tallyhojim]

Now I understand why a lot of people work "tax free", as that's the only way they can provide for themselves in later life without being utterly rammed up the hoop by the State. Wanting to raise the pension age is just their way of saying "we are utterly broke and are subsisting on debt".

God I absolutely detest those socialist w@nkers in Parliament. There was a time when such proposals would have guaranteed a public hanging. Do the people who keep pushing the public further and further away not realise that said public will eventually turn around and rip their heads off?

The State is bankrupt and it's time to simply let the whole system collapse and just take our chances wherever the dice land, as the longer we kick the can down the road the more painful it will be.

[KDave]

Just realised the bloody SIPP is tied to the pension age, isn't it? Pension age minus 10 years I think, so new SIPP access is at 65? 

[Martlet]

I assume that all those against this proposal are in favour of increasing taxes, thats the how we pay for state pension.  This is kite flying anyway, the increase will not be as much, as soon.  But is pension age will rise or else pensions become too small, or the alternative is higher tax. 

[tallyhojim]

5 minutes ago, Martlet said:

I assume that all those against this proposal are in favour of increasing taxes, thats the how we pay for state pension.  This is kite flying anyway, the increase will not be as much, as soon.  But is pension age will rise or else pensions become too small, or the alternative is higher tax. 

Or Governments could just keep their mitts out of our pockets to begin with and let the individual decide how and what they do with their hard earned money? You can't legislate people out of poverty and into economic stability.

[Martlet]

3 minutes ago, tallyhojim said:

Or Governments could just keep their mitts out of our pockets to begin with and let the individual decide how and what they do with their hard earned money? You can't legislate people out of poverty and into economic stability.

So you advocate no state pension at all?  Leave the population to fund their own private pensions for old age, for 20, 30, 40 years?  It would be a brave policy.  

[tallyhojim]

1 minute ago, Martlet said:

So you advocate no state pension at all?  Leave the population to fund their own private pensions for old age, for 20, 30, 40 years?  It would be a brave policy.  

I would advocate that 100% and without hesitation. Nobody has the right to demand access to someone else's earned wealth. If I were poor and you were rich I would never in a million years demand that politicians take from you to give to me.