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Also, I can't see how retirement age can stay below 70 for much longer. Our pension gap is nudging £3tn at the moment.
I think it's much more likely that the state pension will become means tested, so that those who don't need it no longer get it. That's a political hot potato though, so it'd take a brave party to even propose it.
andyp-
I think it's much more likely that the state pension will become means tested
not sure how that could be squared off with the concept of "National Insurance". I realise that it's only a concept, but even so....
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I actually think it would be a well supported policy if the means-test started high enough.
No one’s going to argue that James Dyson or Alan Sugar need their state pensions. Start with them, then work down until the pensioners go on strike, then put it up £1.
ChasnotRobert
Hefty
Those pensioners are going to be pretty fucked off when they find out that we'll need a lot more immigration to pay for that.
Also, I can't see how retirement age can stay below 70 for much longer. Our pension gap is nudging £3tn at the moment.