pension UK

Who needs a pension

I’ve been milking the system for 30 years

benefits all the way for me

goal posts keep moving but all information is available online check with her majesties pension service. was set at 60 for females and 65 for men with expectations of men dying at average age 67 and females 70 .then ageing population ( demographic time bomb ) made it enviable as average age of living  well exceeded goal posts.  with current covid and economic situation governments. are already looking at ways to reduce payouts and increase taxation even on pensions.  bottom line is country cannot afford to keep supplying huge benefits as as we see with NHS what was a very (very) small stamp price to insure our health service through our life was provided, that  too became impossible as more and more services were provided to an increasing population size.hence was changed to a percentage factor like income tax and is expected d to increase every decade. initial projections are that almost all of us will have to provide our own pension  ‘pot’  through our working life and tax will increase to fund society to a point where majority of earnings are in fact taken from us  simply to keep it all working.  Pyramid system of ‘growth’ is eventually unsustainable but all countries have adopted this as way forward.

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lindaclemenza7, the chamber of secrets