Retirement age.

  • Thread starter Thread starter 4p
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I looked at my state pension retirement age on the direct.gov website and it said that I will retire at 68, in just over 37 years time and I will need 30 years of contributions to qualify for a full basic state pension. I have already been working for 10.5 years, so does that mean I can stop paying contributions in 19.5 years time and still get a full pension?
 
cm1179 said:
what are you going to do all day and how are you going to fund this?

it can be 50 if you make it happen
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Fund it? Thats what a pension is for as far as "what am I going to do all day?" travel, sleep in til late, bringe drink the night before lol, eat out all the time
 
Yes, your retirement has been set by set by your trusty government. You'll retire when they say you will retire and you'll be entitled to as much as they say you are. Deal with it.
 
Dabbles said:
I looked at my state pension retirement age on the direct.gov website and it said that I will retire at 68, in just over 37 years time and I will need 30 years of contributions to qualify for a full basic state pension. I have already been working for 10.5 years, so does that mean I can stop paying contributions in 19.5 years time and still get a full pension?
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sort of but you can't opt out of ni conts.

you could stop working and still get a full pension (that's what I'll be doing at 50)
 
steve-h said:
Yes, your retirement has been set by set by your trusty government. You'll retire when they say you will retire and you'll be entitled to as much as they say you are. Deal with it.
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you can retire when you want, you just might not get a state pension at that time.

get a private pension if you want retire early. I have two extra funds plus savings and I'm off at 50.
 
drunkenmaster said:
There will only ever be less jobs. It takes less people to make cars than it used to, it takes less farmers to create the same amount of food as it used to... rinse repeat everywhere.
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That's one of the most ridiculous things I've seen posted on these forums.

Back when most of the population was employed in agriculture, before the industrial and agricultural revolutions... you could make the same point. And be just as ridiculously wrong.
 
amigafan2003 said:
you can retire when you want, you just might not get a state pension at that time.

get a private pension if you want retire early. I have two extra funds plus savings and I'm off at 50.
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Money would be put into private pensions, but instead the government feel it's best to force our money from us and decide that they have the right to choose where it goes instead. But of course they get nothing but credit for this, after all, free pensions for all!


mrbell1984 said:
I'm 27 and about to retire. Are you all jealous?
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Definitely envious.
 
I take my private pension in october when I am 60, one of the last of the final salary schemes. It is only about 10K per annum for 27 years work so I will carry on working until 65 for the state pension to kick in and then ..................probably carry on working.
 
4p said:
Thanks for the info, that is quite a shift. But i'm really wondering about JOBS, if we are to work for longer and longer then where are the jobs going to be for the youthful?
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Presumably the sector that looks after the elderly will expand too.

So get your wiping hand in gear!
 
you'd think so tefal but around here theres at least 3 large carehomes closed within the past few years. and with the way the companys who run them seem to be hitting problems god only knows what will happen to the care or the jobs in the long run.
 
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