Retirement age.
- Thread starter 4p
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Permabanned
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- 9 Aug 2008
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- 35,711
This is one problem, the higher the retirement age the long it might take for younger people to get into a real job because the people at the top want to get higher.
Doesn't help when there are job cuts all over the place.
Doesn't help when there are job cuts all over the place.
You will reach State Pension age on 16 January 2054
You will be 68 years old
Time until you reach State Pension age 41 years, 7 months and 1 day
Getting a State Pension forecastTo qualify for a full basic State Pension you will need to have built up 30 years of National Insurance payments
Working till I'm 68? Pfffffft.
Time to start being a total *******o and making some real money
Associate
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- 7 Feb 2008
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- Surrey
I don't even factor in a state pension into my retirement plans, it will just be like bonus money. I will use a combo of private pension, savings and B2L flat rent to remain a total boss.
My state pension age will also be 68 - I enjoy my work but not sure I could do it until then.
A lot of people seem to drop down to 3-4 days a week though as they get older - otherwise not sure what time their is to enjoy all of your hard work! I may do that from 40/45 onwards!
A lot of people seem to drop down to 3-4 days a week though as they get older - otherwise not sure what time their is to enjoy all of your hard work! I may do that from 40/45 onwards!
agree...don't think the HR department i my company is that competent. Still from a managerial point of view this process will tie up a lot of time with a lot of red tape (Consultation1,2,3 etc, reasonable amendments, avoiding age discrimination claims, contractual changes required)
shoes said:
Think of the perks your are getting
If you live in England, you will be entitled to a concessionary bus pass from...whooooo!!
Associate
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- 22 Sep 2007
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- Abingdon
I know a few people in their early 60's who could retire as they are getting 50%+ final salary pensions, they were pretty senior so probably getting a fair whack. Plus they all got a 5% bump last year due to inflation.
They work at my place in senior positions due to their experience, so racking in the big bucks plus getting their pensions on top. One of the guys in his mid 60's has a £80k Range Rooney he just bought, new. He bought his missus a new BMW too. One of the other guys has 4 cars, one he uses specifically for taking his dog out in, seriously.
My point is that some senior guys wont want to retire, not when they are at the top of their game and can do consulting for a couple days a week to earn what I currently do in a month. This is where I want to be, I don't think I could ever fully retire as I'd be too bored.
They work at my place in senior positions due to their experience, so racking in the big bucks plus getting their pensions on top. One of the guys in his mid 60's has a £80k Range Rooney he just bought, new. He bought his missus a new BMW too. One of the other guys has 4 cars, one he uses specifically for taking his dog out in, seriously.
My point is that some senior guys wont want to retire, not when they are at the top of their game and can do consulting for a couple days a week to earn what I currently do in a month. This is where I want to be, I don't think I could ever fully retire as I'd be too bored.
Deleted member 66701
Deleted member 66701
You're only 22? You wont be retiring - you'll just "die in servcie" and the gov wont have to pay you any pension.
That's the plan anyway.
As far as the young getting jobs - ever heard of "dead mans boots"?
read something a couple of days ago that said theres around 1.5 MILLION oap's in work now, so theres no need to wait and see what will happen we already know.
im already there spook, im only 34 and my knees are about done, thanks to working physical jobs (the majority for min wage via agencies) im screwed to carry on. and what do i get for my trouble ??? sod all help from the jobcenter or government for working myself in to the state i am now.
and because im not actually crippled fully but only bad enough to stop doing the jobs i have been doing im not classed as disabled or anything so im expected to sign on and find work myself with no assistance from the jobcenter and now this work programme iv been lumped on, at least at this work programme they admit il find it pritty hard to get anything due to my medical problems
Yeh man,my feet are starting to hurt even more now.many years of walking on ballast is not good for the body,one thing you don't really see on the rail is an old welder,their knees have packed in through years of being on them,like a carpet fitter
my dad was 65 this year and would run circles around people half his age when it came to certain things.
when he hit 65, i asked if he was going to call it a day (he's been a self employed consultant since he officially retired at 57) and he said ''no chance''.
I'll be retiring from my full time job in 5 years at the age of 49 and a half with a full final salary pension and having contributed 30 years of N.I to give me a full State pension. Using that calculator I can 'retire' to get a full state pension at 67. Just got to work out what to do with the 18 year holiday 
Soldato
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- 23 Oct 2002
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- 13,597
The way the economy is going and will go over the next decade or two, a person in their early 20's will probably be expected to work till they are 72 before they can get state pension(if it still exists). It will move back to the 5-8 years average life expectancy, unless you live in e.g parts of the west of Scotland where, apparently, life expectancy is currently only 55.