Omega Owners Forum
Chat Area => General Discussion Area => Topic started by: I_want_an_Omega on 03 September 2012, 19:49:54
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There are changes afoot:
http://www.pensionsadvisoryservice.org.uk/state-pensions/state-pension-age-calculator (http://www.pensionsadvisoryservice.org.uk/state-pensions/state-pension-age-calculator)
Enter gender & DOB and it will advise you when your state pension is due.
Please note that it only takes current legislation into account - and there are changes in the pipeline that will increase these yet again for many people.
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Says I get mine when I turn 67. 25 years from now.
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66 for me, that's when I can claim SP, but that's NOT when I'm gona retire ;)
It'll be sooner :y :y
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I'll be 66 ........ as will SWMBO :( An extra year
My 23 yr old daughter will be 68! ??? ??? >:(
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Exactly - that's why I posted it guys :'(
I know we dont like surprises in life.
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65.75
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65 for me. Made it by 6 months. :o
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SWMBO 66, me 67. I feel cheated :'( :'(
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In theory when I'm 66, but who knows what will happen when the country has its Greek moment in a few years time and even if it avoids this remember real inflation is nearer RPI and the Government uses the lower fiddled CPI, so with the massive currency debasement and inflation that will occur before our Greek moment to grow our GDP and shrink the debts, it will probably be almost worthless anyway. RPI is typically 0.9% higher than CPI.
In the next 15 years ithe state pension will lose at least 20% of its purchasing power.
Motto, don't rely on any Government to give you a comfortable retirement.
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take no notice of current legislation - they'll keep making it later and later. Plus it will be means tested
with life expectancy increasing at 1 year every 10, they'll have to do something.
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Next year for me! ::)
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65 for me jan 2017 :y
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You will reach your State Pension Age on Thursday 8 May 2031
You will be 66 years old
That is what they think, I am not working a day past my 65th birthday. I have worked and paid tax/NI since the age of 16 and have always done a manual job.
Get these useless freeloading uni students who dont start work until there mid twentys to do the extra years. it is blatantly unfair to expect someone who started work at 16 to work as long someone who started work at 25.
Go back to the old way of paying NI for 49 years and the problem is solved. This will make students get there finger out, and may stop a bit of immigration for financial reasons.
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68 according to that site, aiming for company pension as main income for me. Current 16% of gross salary, looking to increase it next year to 20%
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SWMBO,has just gone 60,but won't get her pension until she's 62 yrs and 6 mths,she is not a happy bunny.
Alfie,
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68 - 34 years time (that's depressing on many levels!) .. not that I expect there to be a state pension at al by that point.
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68 according to that site, aiming for company pension as main income for me. Current 16% of gross salary, looking to increase it next year to 20%
Very sensible young man :y
You can always ease off later in life as needs dictate - but the value of early conributions can't be underestimated ............
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You will reach your State Pension Age on Thursday 8 May 2031
You will be 66 years old
That is what they think, I am not working a day past my 65th birthday. I have worked and paid tax/NI since the age of 16 and have always done a manual job.
Get these useless freeloading uni students who dont start work until there mid twentys to do the extra years. it is blatantly unfair to expect someone who started work at 16 to work as long someone who started work at 25.
Go back to the old way of paying NI for 49 years and the problem is solved. This will make students get there finger out, and may stop a bit of immigration for financial reasons.
Currently 30 years of NI contrinutions for full state pension ........
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Last year but haven't claimed it yet
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68 - 34 years time (that's depressing on many levels!) .. not that I expect there to be a state pension at al by that point.
68 - 38 years time for me, but I think we'll be lucky if there's still a state left then, or what we call the human race, never mind the SP! The end is nigh! :D
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65 for me. Made it by 6 months. :o
65 for me made it by one day :D
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On my 65th birthday, up until now ;)
If they stop handing out money we have paid in to those who paid nowt things would be fine >:(
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state pension = 2050 ill be 68 :'( :'( :'(
forces pension in 2 stints = first 2022 ill be 40, second when i hit 55. ( i beleive changes still in the pipeline ) ill still have to work mind but not as hard i guess :-\ :-\
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:D :D 66 for me :y :y :y
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66 for me and I have worked since I was 14 years, 11 months and 2 weeks, left school on the Friday and started work on the Monday.........doubt I will even last till 66......despite health problems as long as I can work I am unlikely to be out of a Job so no early retirement for me............ :( :( I know people on benefits, who have never worked on a better net income than me........ >:( >:( :-X :-X :-X
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66 for me and I have worked since I was 14 years, 11 months and 2 weeks, left school on the Friday and started work on the Monday.........doubt I will even last till 66......despite health problems as long as I can work I am unlikely to be out of a Job so no early retirement for me............ :( :( I know people on benefits, who have never worked on a better net income than me........ >:( >:( :-X :-X :-X
Also, don't forget the whole range of cheap, discounted and free things they're 'entitled to', for being on benefits. Free school meals, council tax benefit, prescriptions, the list goes on. Shocking isn't it.
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what has this got to do with Omegas?
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General discussion area - talk about anything (legal) apart from Omegas. :y
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As Rods2 suggests,unless things change dramatically with the economic outlook the money isnt going to be there to pay future pensioners at current levels or current projected pensionable ages. :(
Live fast die young might be the way go. ;D
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66 for me and I have worked since I was 14 years, 11 months and 2 weeks, left school on the Friday and started work on the Monday.........doubt I will even last till 66......despite health problems as long as I can work I am unlikely to be out of a Job so no early retirement for me............ :( :( I know people on benefits, who have never worked on a better net income than me........ >:( >:( :-X :-X :-X
Also, don't forget the whole range of cheap, discounted and free things they're 'entitled to', for being on benefits. Free school meals, council tax benefit, prescriptions, the list goes on. Shocking isn't it.
Don't get me started, and as you know ;).....I am not supposed to Judge...... :-X :-X :-X
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As Rods2 suggests,unless things change dramatically with the economic outlook the money isnt going to be there to pay future pensioners at current levels or current projected pensionable ages. :(
Live fast die young might be the way go. ;D
Cos there are too many people NOT working...... :-X :-X
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Thats certainly a very significant part of the problem Vamps. :y
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67 for me (22 years time) :(
Then again, i'm 20 years behind with my stamp aparently so thats if I even get one ::)
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Tuesday 14 January 2031, If I live that long, i'll be 66
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2031 and 66 :(
Wonder if the elite will still be on the road or rusted in piece ::)
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Good for you Tunnie. Pile into your company pension scheme as much as you cannot afford.
I think there are only two approaches. One live now and accept that if you ever actually make it to a retiring age as it escalates up and up (with living longer and crisis drivers). i.e. spend what you have and save nowt extra for your old age
OR contribute big time to something you can hopefully get your hands on when you are say 60 or 65 and hope you live a long retirement. (that might mean excercise, less booze, fags, beefburgers etc)
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Good for you Tunnie. Pile into your company pension scheme as much as you cannot afford.
I think there are only two approaches. One live now and accept that if you ever actually make it to a retiring age as it escalates up and up (with living longer and crisis drivers). i.e. spend what you have and save nowt extra for your old age
OR contribute big time to something you can hopefully get your hands on when you are say 60 or 65 and hope you live a long retirement. (that might mean excercise, less booze, fags, beefburgers etc)
I put a lot of money into a pension funds in my 20's and 30's and saw good growth on these funds, but unfortunately a divorce and 10 years of zero or less equity growth and high UK administration fees have see it shrink faster than exposed gonads in the Arctic. Not to mention QE and the low Gilt interest rates, killing the annuity markets, compounded by the Government making pension funds keep a higher percentage of the funds in Gilts. >:( >:( >:( >:(
Don't even get me started on Gordon McRuins £5bn per year pension tax grab, which changed our pensions from the best funded in Europe to now by far the worst. >:( >:( >:( >:(
The lesson I've learn't NEVER let the Government and Banksters have the upper hand on the conditions in which you save money. Once it is locked in under their "Management", the rules will change only in one direction, to their advantage. >:( >:( >:( >:(
So unfortunately the best laid plans, don't always work out like that.