Retirement for arthers.

Airwave!

We will now live in an age when retirement is later in life, the default age of retirement has gone, whether it suits us or not. I, like a lot of arthers, don't work and do not contribute to my National Insurance stamp. The state pension that I have paid into and would have been mine at 65 will now be paid later in my life.

I had hoped that the pension would have boosted my income at 65, thats not going to happen, that amount would have helped my independence, now, I shall have to make do for a few more years.

I suspect a lot of us are in the same position, we are not on government provided means and cannot provide for our old age. So how do the rest of you provide for later life?

tkachev

Well Airwave I did the wise thing and started some savings, due to mature very soon ,but they are now worth a third of what I was promised 24 years ago. I now have to decide where is safe to invest this money, certainly not in a pension fund!


Elizabeth

Airwave!

So, if you have lost two thirds of your proposed income, I have lost well over 50% of my work pension by stopping work early and the state pension will not be as much and 2-3 years late in coming, how on earth are we supposed to carry on?

Has this been figured in to the governments plans or are we to be itinerant beggars? Will the lower income groups be dominated by arthers? What are the rest of you planning on doing?

woodbon

I was retired from my job and my pension paid - a lump sum and a monthly amount, I'm not rich though its only enough to buy petrol! Thats my fat cat local government pension, maybe for some its good but I was only a care assisstant, not a manager!
Still, I shouldn't grumble, its better than some people get and anything helps, so I'm not really complaining, just glad I joined the scheme. Suexx

dreamdaisy

I must confess I have nothing in place whatsoever. Employment for a good few years was running a very small business (with a very small income and an appalling sparkly things habit) which left nothing to save. I am very Micawberish - something will turn up. DD