Donate to Remove ads

Got a credit card? use our Credit Card & Finance Calculators

Thanks to Wasron,jfgw,Rhyd6,eyeball08,Wondergirly, for Donating to support the site

Government confirms pension-freedom age hike to 57 in 2028

Including Financial Independence and Retiring Early (FIRE)
Alaric
Lemon Half
Posts: 6068
Joined: November 5th, 2016, 9:05 am
Has thanked: 20 times
Been thanked: 1419 times

Re: Government confirms pension-freedom age hike to 57 in 2028

#537314

Postby Alaric » October 14th, 2022, 2:02 pm

gryffron wrote:Is covid a trend or a spike?


Longevity is about people who don't die early in the future. If covid is a spike it has no future effect. That assuming you are looking at longevity of people alive today, rather than going back sixty or seventy years and looking at how those born then will have lived.

ursaminortaur
Lemon Half
Posts: 7074
Joined: November 4th, 2016, 3:26 pm
Has thanked: 456 times
Been thanked: 1765 times

Re: Government confirms pension-freedom age hike to 57 in 2028

#537463

Postby ursaminortaur » October 14th, 2022, 7:28 pm

Alaric wrote:
gryffron wrote:Is covid a trend or a spike?


Longevity is about people who don't die early in the future. If covid is a spike it has no future effect. That assuming you are looking at longevity of people alive today, rather than going back sixty or seventy years and looking at how those born then will have lived.


The existence of Long COVID suggests that COVID could have long term effects which may impact on longevity for those who were infected ( and although the numbers are down because of vaccination people are still being infected and some are still being hospitalised ). Hence I think the jury is still out on the long term effects on longevity of COVID.

The worsening economic situation of the country may also have an adverse effect on future longevity even if COVID has little to no effect.

redsturgeon
Lemon Half
Posts: 8971
Joined: November 4th, 2016, 9:06 am
Has thanked: 1329 times
Been thanked: 3709 times

Re: Government confirms pension-freedom age hike to 57 in 2028

#537541

Postby redsturgeon » October 15th, 2022, 7:14 am

Moderator Message:
I have moved two off topic posts on covid to the Coronovirus board.

TUK020
Lemon Quarter
Posts: 2046
Joined: November 5th, 2016, 7:41 am
Has thanked: 763 times
Been thanked: 1179 times

Re: Government confirms pension-freedom age hike to 57 in 2028

#537591

Postby TUK020 » October 15th, 2022, 10:47 am

French spoof news site view of retirement age/UK politics

https://www.legorafi.fr/2022/09/09/en-h ... -a-96-ans/

James
Lemon Slice
Posts: 296
Joined: November 4th, 2016, 3:12 pm
Has thanked: 69 times
Been thanked: 112 times

Re: Government confirms pension-freedom age hike to 57 in 2028

#537609

Postby James » October 15th, 2022, 12:01 pm

TUK020 wrote:French spoof news site view of retirement age/UK politics

https://www.legorafi.fr/2022/09/09/en-h ... -a-96-ans/


Très drôle.

Hypster
Lemon Slice
Posts: 256
Joined: November 5th, 2016, 9:53 am
Has thanked: 1214 times
Been thanked: 108 times

Re: Government confirms pension-freedom age hike to 57 in 2028

#537635

Postby Hypster » October 15th, 2022, 12:48 pm

When the age moves to 57 in 2028, does it happen on the stroke of midnight on New Years Day, or is it the start of the next tax year in the April?

ursaminortaur
Lemon Half
Posts: 7074
Joined: November 4th, 2016, 3:26 pm
Has thanked: 456 times
Been thanked: 1765 times

Re: Government confirms pension-freedom age hike to 57 in 2028

#537646

Postby ursaminortaur » October 15th, 2022, 1:13 pm

Hypster wrote:When the age moves to 57 in 2028, does it happen on the stroke of midnight on New Years Day, or is it the start of the next tax year in the April?


April.

https://www.gov.uk/government/publications/increasing-normal-minimum-pension-age/increasing-normal-minimum-pension-age

Who is likely to be affected

Individual members of registered pension schemes who do not have a protected pension age but take scheme benefits before age 57 after 5 April 2028 or those who would like to have taken a benefit but will not be able to. However, members of the firefighters, police and armed forces public service schemes will not be affected by this increase.

ADrunkenMarcus
Lemon Quarter
Posts: 1595
Joined: November 5th, 2016, 11:16 am
Has thanked: 675 times
Been thanked: 483 times

Re: Government confirms pension-freedom age hike to 57 in 2028

#538355

Postby ADrunkenMarcus » October 17th, 2022, 8:29 pm

Kantwebefriends wrote:"reflecting trends in longevity": whether the trend in longevity will be upwards in 2028 is an interesting question.

I assume that at the moment the trend is decidedly downwards.


The population is also increasingly old and fat.

Best wishes


Mark.


Return to “Retirement Investing (inc FIRE)”

Who is online

Users browsing this forum: No registered users and 41 guests