Just because the state-pensionable age is set at a given value, does not mean that you are forced to work to that age. Hell, by the time we get around to 70, I very much doubt the state pension system will resemble the current one very much at all. I would expect many changes, to be honest. The point is, do you really expect the system to cope with paying people from the age of 60 or 65 when it was set up like that to cope with people with significantly shorter life expectancy? It's not feasible to expect nothing to change before you reach pensionable age yourself.
If you don't want to work until you are 70, don't. If you set your own pension up, then you should be fine. You're being paid plenty enough at the moment to have a good start on a pension. Save now, and reap the benefits early. You should be able to comfortably retire early.
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chiming
Well, then don't...
Date: September 20th, 2002 07:41 am (UTC)From:If you don't want to work until you are 70, don't. If you set your own pension up, then you should be fine. You're being paid plenty enough at the moment to have a good start on a pension. Save now, and reap the benefits early. You should be able to comfortably retire early.