Retirement age
The Budget
- 24 Hours on, it’s time to take stock of the Budget.
- Simplifying benefits and taking more pensioners out of the tax net is good. The decisions to introduce a flat state pension and rise in the personal allowance are encouraging, and should go a long way towards providing a more efficient and equitable pension system. Sustainability, however, continues to
Tentative Steps…
- The last fortnight has seen some important pension-related announcements about a flat rate state pension for everyone and the recommendations on managing public sector liabilities made by the Hutton Report. Hot on the heels of these follows today’s Budget.
- Many will be watching to see how George Osborne walks the tightrope between growth and fiscal discipline, whilst others will
A later retirement age, but can we work for longer?
- The rise in the state pension age to 66 years by 2020 in the Comprehensive Spending Review is not a panacea but only the first step in an overdue but likely painful reassessment of how society treats its elder citizens.
- Simply moving the goalposts will not reduce the true costs for the government. The challenge is not in making people work for longer but in finding jobs for them