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The Guardian - UK
The Guardian - UK
Business
Guy Clapperton

Want to work until you're older?

After a lot of rumbling a few months ago there's now an official recommendation that we should all work until we're 67 before we can claim the full State pension.

Speaking as a 40-year-old I find the prospect of there being any pension money left in the pot 25 or 27 years from now so remote that it's almost not worth legislating for. And speaking as a freelance, if I'm still enjoying myself then yes, I'll probably continue working for a while after State retirement age if I can still sell articles.

What bothers me is that the people who are going to be hit by this are those in the generation above mine, who do have a realistic hope of getting a pension and who have been making plans around retirement at 60 or 65. By definition they're closer to it than the people for whom there won't be any money left, so they;'ll have less time to revise their plans.

Presumably someone has sat down with a spreadsheet and worked out that something has to be done. To my mind, this isn't it.

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