State pension age to rise to 68 earlier than planned
Discussion
https://www.moneymarketing.co.uk/news/treasury-con...
I was listening to Jeremy Vine yesterday and a caller made a comment that today's OAPs were leaving school at 16, whereas now it is 18 or later for university students. He cut her short, but it was very relevant.
I was listening to Jeremy Vine yesterday and a caller made a comment that today's OAPs were leaving school at 16, whereas now it is 18 or later for university students. He cut her short, but it was very relevant.
NRS said:
Deal with it, life isn't always fair. Also judging by the mess left behind then 2 years difference in leaving school isn't exactly a big issue.
I'm already retired, if that was directed at me.I agree with the caller to Jeremy Vine. Two thirds of my generation left school at 16 to work or an apprenticeship. I see it as a part consequence of that policy.
Apparently a 16 year old is too young to work, but old enough to vote.
ozzuk said:
This was a recommendation by a reporting organisation but it hasn't been agreed at yet. Currently I believe its still 67 if born before April 1977, 68 after that. Lots of headlines today trying to grab attention though!
This was covered in some excellent reporting in the Times yesterday. The proposal has been uncovered in official government economic forecast data along the lines of 'the working assumption is that 68 will be introduced much sooner than the official changeover date, but we are not going to announce it anytime soon due to electoral considerations'
Pretty sure you can still leave school to work at 16, as part of an apprenticeship. Non argument. State pension age is clearly going to rise whether we like it or not. I'm banking on it being 70 (60 to access private pension) when I get to 60 around 2050. So making provisions around my forecast!
Slow.Patrol said:
NRS said:
Deal with it, life isn't always fair. Also judging by the mess left behind then 2 years difference in leaving school isn't exactly a big issue.
I'm already retired, if that was directed at me.I agree with the caller to Jeremy Vine. Two thirds of my generation left school at 16 to work or an apprenticeship. I see it as a part consequence of that policy.
Apparently a 16 year old is too young to work, but old enough to vote.
chrispmartha said:
Slow.Patrol said:
NRS said:
Deal with it, life isn't always fair. Also judging by the mess left behind then 2 years difference in leaving school isn't exactly a big issue.
I'm already retired, if that was directed at me.I agree with the caller to Jeremy Vine. Two thirds of my generation left school at 16 to work or an apprenticeship. I see it as a part consequence of that policy.
Apparently a 16 year old is too young to work, but old enough to vote.
Tell you what... let me google it for you....
"In 1986, approximately 20% of 16-year-olds in the UK were in employment. Today, only about 1.7% to 2% of the total 16 to 17-year-old population is employed full-time. This dramatic drop is largely because the legal leaving age for education and training was raised to 18, meaning nearly all 16-year-olds are now in full-time education."
So a massive difference.
TriumphStag3.0V8 said:
What is the percentage of 16 year olds in work now vs, say 40 years ago?
Tell you what... let me google it for you....
"In 1986, approximately 20% of 16-year-olds in the UK were in employment. Today, only about 1.7% to 2% of the total 16 to 17-year-old population is employed full-time. This dramatic drop is largely because the legal leaving age for education and training was raised to 18, meaning nearly all 16-year-olds are now in full-time education."
So a massive difference.
Genuine question, were apprenticeships classed as full time work back in ‘86? They’re not any more because you spend at least 1 day per week at a technical college at 16-18. I know that won’t explain an 18% difference but I can’t say that I have any issue with it, nor do I have any issue with raising the pension age to 68. A nice round figure of 50 years working doesn’t sound crazy to me.Tell you what... let me google it for you....
"In 1986, approximately 20% of 16-year-olds in the UK were in employment. Today, only about 1.7% to 2% of the total 16 to 17-year-old population is employed full-time. This dramatic drop is largely because the legal leaving age for education and training was raised to 18, meaning nearly all 16-year-olds are now in full-time education."
So a massive difference.
Cats_pyjamas said:
Pretty sure you can still leave school to work at 16, as part of an apprenticeship. Non argument. State pension age is clearly going to rise whether we like it or not. I'm banking on it being 70 (60 to access private pension) when I get to 60 around 2050. So making provisions around my forecast!
You're the same age as me. I'd be amazed if there's still a state pension which isn't means tested by then.fiatpower said:
Cats_pyjamas said:
Pretty sure you can still leave school to work at 16, as part of an apprenticeship. Non argument. State pension age is clearly going to rise whether we like it or not. I'm banking on it being 70 (60 to access private pension) when I get to 60 around 2050. So making provisions around my forecast!
You're the same age as me. I'd be amazed if there's still a state pension which isn't means tested by then.Gassing Station | News, Politics & Economics | Top of Page | What's New | My Stuff