Naïve - the UKN is a way for politicians to give themselves money - Z just takes 10% and sends the rest back - to off shore accounts.. Similar playbook to HS-2

Exactly!! Why is it always the elderly, a lot of us who worked 40 or 50 years, while they take money off you it's all good, the minute they can't it's a case of ohh these old people are costing us billions, no mention of all the other waste money bleeding out of the country, boils my piss 😡

totally agree

Excellent point 👍

Exactly! 😠😠😠😠

Most of the money goes in tax avoidance, supplementing poor wages with benefits whilst CEO's are paid huge salaries, companies demanding special low tax deals, PFI deals where schools and hospitals pay out for buildings and maintenance at exorbitant percentages, subsidies for privatised rail companies, subsidies for the oil and gas industries, etc. The absurdity of keeping "asylum seekers" in hotels instead of dealing with their claims and expelling the failures is yet another triumph of the last 14 years. Teresa May, Priti Patel and the odious Suella pretty much destroyed the Home Office, and of course treating your previous EU partners like dirt didn't help resolve the problem. And guess who gets to pay for this mess? It's not the party donor class. The people arriving in the UK who cause the most damage are those arriving in private jets and superyachts, they're the ones to be wary of.

By the time i retire I'll have paid 51 years into the NI.

@@StephenSmith-ge1qf The present government rather subsidizes useless wind power projects, where cost increases are huge because of high maintenance costs. The subsidies to the wind are over 4.3 billion per year and rising, something that you can easily check. The increased costs in energy over the recent years are directly attributable to a foolish focus on renewables, rather than shifting to nuclear. Gas and oil powered the UK for many years with cheap electricity. Other wasteful investments are 957 quangos where appointees enjoy gold plated pensions, councils that mismanage their budgets with quite a number declaring bankruptcy and the bloated House of Lords

👏👏👏👏@@jonathanspilhaus3165

You are robbing yourself by not enrolling into a workplace pension?? Doesn't that depend on your workplace pension? Handing your money over to a third party who may or may not invest it sensibly is a fools game in my opinion. Pensions are not tax free, they are taxable on extraction. What about all of the people that have lost large proportions of their pensions due to those pensions maturing during a recession. This pension fear mongering is why people waste their lives working every hour for a brief retirement usually imobile or sick from the stress they've ensured for the last 55 years. Better advice is to learn how money works. Cumulative interest on savings and asset based investments are a much better way of securing your future. Don't get a mortgage and live in the property, it's your biggest access to money that can make you money. Get a mortgage and rent the property out. Even if you are making a small profit each month to start with, that profit will grow and you will own that property well before retirement if you invest those earnings back into the asset. Leverage the asset to buy further bricks and mortar once you have a sufficient loan to value ratio. Poor people spend, middle class people save, rich people invest .. don't waste your time on pensions, it's money for nothing for the pension companies. Anything they do with your money, you can do. 👌

Absolutely. Two myths, it's a benefit and that people are living a lot longer. Same here in Australia, you have already paid for your pension while working and also people are not living long. 95% of the population don't make it pass their 7th decade.

DONT LET THE CON PARTY CON YOU THE NAME SAYS IT ALL

And they always forget to mention the millions of people who die before they ever reach state pension age

You've "paid into" nothing. The tax you pay when working pays the pensions of the day. When you retire, those paying tax will fund your state pension. There is no pot of money with your name on it. This is how all state pensions worldwide work.

It wasn’t saved in a special fund, it was spent, it’s their spending that has skyrocketed. Remember when a millionaire was unusual now we have multi billionaires and the American government are 35 trillion in debt. The UK has huge debt, we all pay interest on everything borrowed but who is it paid to? The International Monetary Fund? The millionaires are billionaires now and probably soon to be trillionaires is all I see.

Injuries apart, just general wear and tear on the body from manual work definitely takes its toll over the years !

I wonder if they would encourage you to train people instead? Bur it's mental someone in 60s/70s doing scaffolding for example.

@@Natta44 I do train professionals in the medical field .

I think that healthy life expectancy will drop. The cohort that gave higher life expectancies lived through rationing of food and a happier outlook of the future. With obesity and the general awful state of the country it surely must drop.

But what could they train for? They chose a manual job for a reason.@@Natta44

very true kick out illegal immigrants and use the money for pensions dont have to go to uni to work that out ?

Yes! Even the bad weather is because of immigrant 🥴

You believe everything you're told? Most believable reason for Brexit was because the EU were going to make our government raise the state pension level to meet the rest of Europe, Germany and France get 2 or 3 times more than UK. Rather be woke than gullible in the guise of patriotic. Sounds believable doesn't it, now you know what these crooks really think about us

You Sir are a spoon fed retard People like you have helped ruin this country, not the immigrants that never even made it here alive. You will be sorry, we will all be sorry and its the fault of you and your stupid kin

​@MohamedAhmed-ew8yn haha what a classic bellend

They gotta stop buying the Starbucks and the maccies 🤷🏻‍♂️

All to make everyone dependent on the state! 2030…… you will own nothing and be happy (in the words of George Orwell and parroted by Klaus Schwab)! Evil rules our world!

So you mean even if we in the states had socialized healthcare, we'd still be in dire straits?

@@chioma3100 Technically yes, but that's a false dichotomy as one doesn't affect the other. Socialised healthcare simply means that at point of use there is no cost to the patient. It means nobody ends up in financial difficulty because they were treated for being ill. The problem being discussed here is that we're living longer and having fewer babies. The state pension system we have in place is probably going to be unsustainable once our current middle aged population cycles out of the workforce.

Guess what, if you have a private pension right now, it is taxed by the government when you take it, because the Chancellor froze the personal allowances just above the value of a state pension. They block you every way you try and turn.

Totally agree with you about the government breaking their contract. This is exactly what has happened with the NHS pension scheme. It changed from 1995/2008, currently on the 2015 scheme. Each time they’ve moved the pension age. I’ve paid in for 20 years and stopped for the last 3 years because the way things are going, I’m wondering if it makes sense. Realistically speaking, I have another 20 years to go. It’s difficult to know what to do.

It almost sounds like you worked for the same company as me! Exactly the same tale of mismanagement by those who were supposedly looking after things in our future interests.

Well said 😊

@@jenelleprince2700 I would say it is better to pay into your works/NHS pension than not, all govt pensions are still good, you will still get the tax-free benefit that they give you, also the employer pays into your pot - sometimes matches and even exceeds sometimes what you pay in, so it's 'free' money. Also, it will add greatly to your OAP and may even allow you to retire a little earlier before you draw your OAP, like I did, albeit, not that well off, but at least I'm happy and out of the rat race. Good luck to you, my friend.

@@dallassukerkin6878 I worked for a water utility company, that kept getting incompetent and mean directors that cost cut while making huge financial mistakes. The company became under hostile takeover, and was bought out by asset stripping foreign entities! The new owners decided that the pension scheme was unsustainable, switched everyone over to stakeholder style pensions. I kept mine on-hold and froze it, it was already quite valuable to me, started drawing it 4 years ago, vastly reduced of course, but still able to live off it after I paid all my debts off before I retired. Good luck to you, my friend.

Exactly

Remember… they called us useless eaters??

DONT LET THE CON PARTY CON YOU RISE UP LIKE THEY DO IN FRANCE ?

The majority are crooks, the mafia of old would have drooled over their robbery of nations!

Completely agree

Conservatives and Starmer are nugatory!

Like HS2!

Like illegal migrants.

Stop Funding Israel and Wars Overseas!

Grate Britain!

"We've been paying more and more tax for these items we no longer get." The main thing is, those people who have run the country ( into the ground ) for the last ten years, our wonderful MPs, MSPs, MWAs, they'll all be getting their pensions, and we will have the pleasure, ney, honour, of paying for their well deserved standard of living in retirement.

Its called Socialism. Just watered down Communism

But I guarantee that MP'S will get their huge pension

They give away our hard earned cash to organisations that spew out propaganda, like the WHO, UN, WEF! They fill their pockets while in office, have private jets, fine dine, multiple residencies, private health care etc! And spend millions every day on people who should not be here!

You watch they'll do a thresh hold thing to ease everyone in. First you need to work 40 years, then they'll find exemption loopholes to make you not applicable, then they'll say you have to be a low earner with no private pension to access it. They'll treat it like an extra universal credit. All those with private pensions, depending what the balance is you'll be able to only get a partial state pension. I 100% guarantee this is how they'll do it.

The no private pension thing will likely be a factor.

That assumes you will still be here to collect it. I might be, but then I never took the IV mystery juice.

​@@jayacourt8282considering that private pensions largely exist to funnel workers money into financial institutions they are not anything to count on either.

Great advice . People with private pensions will be shafted. Sorry no state pension because you have a private pension.

Ain't it tho, this guy means well but it's missing the huge scope of greed and corruption of governments and the 'I'm alright Jack' attitude towards us

I don't think the new bunch will be paying any tax.

The Tory government actually did follow these guidelines. Johnson did not want to impose a lockdown when Covid reached this country, and then talked about piling the bodies high. And his government and his successors have allowed an increase in emigration to this country despite talking about reducing emigration to a few tens of thousands. I would not describe the Tories handling of the pandemic as bold but their attitude was definitely brutal and their behaviour - party party party every night while the rest of us were shut up at home while loved ones died in a hospital bed alone, is a disgrace to a society which pretends it is civilised.

dont let the torys ever watch logans run or all the working class be put down at 60

We don't fight back. The British Bulldog is just an image on a T-shirt you can buy in Leicester Square.

A fine plan, apart from the fact that most of the grifters they're bringing in are going on benefits rather than working, and are nothing but a burden to the UK. Even of the ones who want to work, most have no education and no skills, and will only ever be suitable for low skilled minimum wage jobs like working carwashes or flipping burgers at McDonalds.

So 15 or so years ago? Luckily we haven't seen any significant change in the last 15 years, smooth sailing, and if anything demographics have improved.

@@gomperhooblet Huh? Have you been living under a rock the last 15 years? The UK is visibly falling apart around us, and you call that smooth sailing? DUH!

@@bobjames6622 Sarasm bud, tbh I misread your comment anyway and sound like an idiot now, I'll leave it there so future generations can learn from my mistakes

Correct @bobjames 6622

@@gomperhooblet And I didn't pick up the fact you were being sarcastic, so guess I'm an idiot too. Double DUH....but this time directed at me! 🙂

agreed

Apparently this is to stop benefit cheats. This crazy excuse could come from Baldrick . We all know benefit cheats get their side hustle paid directly into their Bank account . Too funny & confirms means testing is their plan.

They don't care 🤷🏻‍♂️

Who will have a private pension when having one means losing your state pension. I will pass , thanks .

If they do that. Il cancel two private pension plans I have in place and I won't work over 30 hours a week. Currently doing 50-60 hours a week. They can't treat us like an idiot.

@@fishing-gardening-travelling but they DO constantly 🙄

They did the same with the pensioners who moved abroad, their pensions were frozen and were not entitled to any annual increases. They now live on less than £50 per week.

It's National insurance that counts not tax

It was always clear that the state pension was set up as a Ponzi scheme, based on large numbers of taxpayers paying for small numbers of pensioners. Which is no longer the case. I never thought it could continue.

🎉@countrysideviews294 u do know its 1 pot that all the taxes collected in this country go into ( & every government just squanders the money 💰 like there's no tomorrow ). 😳 we've gone full circle like the 40 yrs ago, just like 80s recession. Only people have got more brutal.

The government have a shoe box with a nest egg of money for everyone. We're fine 😅

what's new?

It does sound very similar

The state pension is a ponzi scheme. We were always heading for the amount of old people claiming exceeding the amount of working. It will be one to one before long

Because that’s by all definitions it is. 😢

It is like it except that the government, so far, has guaranteed to pay the pension and the government won't run out of money. It just racks up debt. It's more of a social contract between generations.

It is by definition a complete ponzi scheme, but the Yield in fertility rates and life expetency was probably taken into account. 😂​@peterkomolafe

Well said

Yep

Yep, that medical inter.vention was designed to take people out like the sick and the elderly! I notice how very few ‘prominent’ people are included in that data!🤔 There will be more scamdemics to do the same, an engineered takedown by those that attend Davos!

Yes Indeed

The expected increase in unexpected deaths is certainly very real. I’m seeing it all around me literally, neighbours, family and friends. I stopped paying in to NI years ago because it was obvious when they started effing about with the pension age it’s time was numbered. Anyone holding out for a company pension will be also let down as those funds will be looted. I am looking at working steadily till I drop, doing stuff I want to do, that I enjoy doing and that age won’t be a barrier to. I have changed my diet, cut out all the crap like booze, fags, processed crap, grow some of my own food and payed off the mortgage early. I only buy what I need, my outgoings are very small, but I earn enough to pay my council tax and keep a car on the road but still have a half decent life. It is actually way more fulfilling doing stuff for yourself and not being beholden to convenience or government. If the worse comes to the worse I can rent my house out (if they don’t steal that too) and kit out my big garden shed and live like my Nan did in Ireland after grandad died and she was left to bring up six kids, with no benefits and no life insurance as they wriggled out of that one too, by renting out the house and living in a shed at the bottom of the garden (it was a very nice corrugated and insulated shed though).

Yes the (R)rate of many countries outside of India & Africa are going to become a real problem in the near future.

Couldn’t agree more. I’m 32 and would say my generation will have the youngest death age we’ve seen in years. We’ve all been raised on chicken nuggets and fake poisonous processed foods. Nevemind the booze and other things we’ve had for a few generations in our country. Let’s hope vapes are good for you long term eh? 😂

Rising number of long term sick too

@@karllelliott681 India and Africa are heading the same direction, just further behind the curve. But they will probably reach it quicker. Especially if other countries draw off their young to keep their own economies going.

Especially with the introduction of the poison over the last couple of years, It’s even falling more. All trick! They are now telling me I can’t have my private pension until age 57, after it being 55 for how long.

Great . So True . Another law firm to say have you been missold a private pension when its means tested & they get Diddly .

Well I guess there is a silver lining after all 🤕

That's the idea

Yeah 100% Put Thousands of your hard earned into your pension to be told . Thanks you ain't getting a state pension now .

@@stuartregan1627 totally. They will screw over all the fiscally responsible people.

If you going to save for your pension, make sure it is well hidden (buy gold in any form but coins look the best)otherwise that savings will be means tested & taxed so then until it's used up you won't get anything.

The utter thievery and incompetence of the government should almost guarantee it.

Implementing the ability for the DWP to snoop on the bank accounts of those claiming benefits - including state pension - might just be one of the provisions for means testing.

@@nicholaskirk1356 I think that is due to equality. For decades women had their pension 5 years earlier than men. It was unfair really since on average women live longer than men. They should have changed the age between for both. Say 63.

@@nicholaskirk1356 my husband payed my 35 years for me when we had children. People with disabilities that really can’t work then ok but people that have payed 35 years and more into a pension must have there pensions no matter how much they have saved

👍🏻

@@nicholaskirk1356 My wife gets half my pension when I die, I’d say that’s pretty fair. I did all the work and I don’t get any of hers. But seriously, women get an excellent deal. They pay the same pension but on average live five years longer, so get five years more pension than men. I always laugh when people go on about how unfair it is to women. In most cases they made the choice to have children, and the benefits and rewards are amazing. It’s actually men who get the raw deal!

You do without!!!!!

Mid 60s if you are still very far behind and not able to sort yourself to be able to retire (the whole point of this video!) 60% of people will not be able to work even if they want to in their 60s due to ill health! The idea of working until 70s isn't viable for most, ill health, being made redundant and not realistically re employable like you've stated. That's the whole point of this video that we need to wake up and get a retirement action plan in place so we can face these situations on our own terms. The earlier you start and making the most of time and employer matches (free money) will make the process that much easier!

that's the issue with benefits ... it cuts out an incentive to work, especially at the lower - mid ranges. enefits are just to generous. We need a 5 year moritorium on all benefits except for disability. To qualify for disability you need to go in front of a judge.

So very true. This country does not reward those doing the 'right thing', but it seems to love a feckless ponce.

Plus all the benefits we give to non-British people as well.

@garethwilliams4467 so this judge has medical experience? one of the points not covered here is the triple lock on state pensions, who ever stops it permanently knows it will be a vote loser and its the old who are more likely to vote, I retired 7 years ago with 47 years contributing and my state pension is about to rise to £225 a week , but I have 2 workes pension adding £125 not a fortune but with othe savings and a slower life style I do ok

@@garethwilliams4467The courts system is already failing with long waiting times for cases to be heard. I don't think a judge is the best judge of disability either. Medical expertise and knowledge of the patient is needed.

I'm assuming I'll be working until I drop.. 😢 Even though I've worked all my life.

@@carolineowen7846 YOU ASSUME RIGHT 😭😭😭😭😆

@@carolineowen7846 I wonder how long it will take to become desensitised to people dying at work?

@@The_BenboBaggins😂😂😂😂😂

That had me googling. 67 seems to be the oldest for several countries. Do 71 would, if it happens. However since lots of other countries have the same problems as the UK, they may put their SPA up as well. Always the problem, guessing what the government will do!

Sending money from younger people to older people, instead of from older people to younger people is immoral.

@JohnTovar-ks8dp I have done. Education till 16/18 was paid for out of taxes, as was any child benefits your family may have had, medical stuff including maternity, all the other things that children benefit from before they perhaps start paying taxes at 18. That's how society works. You want people's money because you are young. Older people want money because they paid in. Some of course never see that realised, others live long and get a lot back out

@@JohnTovar-ks8dpare you saying we shouldn’t leave them an inheritance, and just spend it on our old age?

@@JohnTovar-ks8dp the billionaires, trillionaires and royals are stealing all our money. That's immoral.

Afraid that’s not how it works. Can believe whatever you want, but you contributed to your parents pension. Wouldn’t worry too much as unless it’s completely reformed, it will all just collapse anyway.

@@Lighthawk1986idiot

No mate. You paid for the previous generation's pension. The money you paid in was spent almost as soon as it was deducted from your pay. We're paying yours. Go back to 1948 when the state pension (and NI) was introduced. These people who suddenly got a pension, despite never paying NI in their lives, who paid for it. Working age people with their NI. It has forever been thus.

is the lie that you’ve been told

@@garethwynn01 have a nice day

Great synopsis of what this could mean.

I think it boils down to planning and what is NOT being taught in schools - why wait to teach this in university? I believe that the earlier Financial Freedom is taught the better - you may get kids opting to leave school and go into the world of work rather than spending years and money on funding further/higher education (this can come at a later date - during early retirement when they're likely to know what it is they're interested in). They will be more financially secure to retire early and enjoy life.

@@MsJsmith99 Honestly, I don't think anything is being taught anywhere at any stage in the education system about finance.

@@workinprogresssince1974 That's correct. Herein lies the problem.

People are not living longer any more, that is a myth. While UK life expectancy had been gradually increasing year by year for decades, that has all changed since 2012. Initially, from 2012 to 2019 life expectancy stopped increasing any further, then from 2019 onwards, life expectancy has been falling more and more steeply every year. Covid is undoubtedly a factor but the fall in life expectancy actually got even worse in 2022 (the latest year there's data for), by which time there were very few covid deaths. My guess is that fuel poverty and poverty in general are starting to cause a lot of deaths, in which case it'll continue to get worse.

True

No, it's rank mismanagement for multiple decades and the fact that they really don't care

There used to be plenty of manual jobs which a sixteen year old could do which don't exist any more. We need a workforce with greater literacy and numeracy skills for the technical jobs which have replaced the vanished manual jobs which have mainly migrated to the far East. But keeping over half the population in full time education until their early twenties isn't the answer either, because whatever age you start working the gulf between education and work is enormous. Most higher education courses should be a thicker sandwich, with time in the classroom followed by time with an employer. It might take most younger people until 25 to get a degree, but it would be a more valuable qualification and the graduate would not be saddled with debt which takes decades to pay off. But what sort of work would you give to a student of Philosophy, Politics and Economics at Oxford University, who is a would-be politician?

Many get to thirty and have never had a job due to further 'education', uni, going travelling. School leaving age should be reduced back to fifteen.

Don't think so, most 16 year olds start on low money!

Depends - if you are only drawing state pension and have no other income, then you won't pay tax on it, since it's below the current tax free threshold.

⁠​⁠@@eljay5009until they raise the tax free threshold of course …

@@eljay5009 So basically they (the government) want you to live off state pension. If you have any other money coming in, you're being penalized through paying tax. No wonder people are living off benefits. It's a win-win solution for them.

@@MsJsmith99 yeah i can see why nobody wants to work. No point if they now want yout pension after 40 years contributions

yes the big con is they add your state and private pension up and tax you on it then say state pension dont pay tax its a lie they add them up and tax you on it ?

Agreed. I find it sneaky how they work. Knowledge of it only travels by word of mouth.

Obviously not advertised adequately to the public.

It wouldn't make any difference if everyone signed it ... the money simply isn't there. We're living in a bankrupt country.

@@nickisacebeans It may not always stay that way.

@@nickisacebeans yes and no. I agree the money isn't there, but would be nice to have an input into what happens with the money we do have. For example, they're quick to reduce the number of people eligible for state pension (by increasing the state pension age) because there are too many pensioners, but what about reducing the number of people eligible for benefits because there are too many people on benefits? They can't just cut one thing and continue spending on another.

you pay the money in its a right also when i started paying ni at 16 the contract was i get pension at 65 not 68 . will mps take a cut to their money even if they dont work for it witch all they do is line their own and friends pockets

@@iandaniels8386 👍🏻

Yeah but theres no money for pensions . Elderly treated like pit ponies in the uk. Not paying tax & its off to the glue factory.

That would not be enough but overseas aid projects tend to prevent refugee situations from areas which suffer from catastrophes so it would be a false economy to stop them. These days the UK government expects a quid pro quo for overseas aid in terms of trade benefits for the UK so again there would be an economic cost to stopping overseas aid. Illegal immigrants don't qualify for benefits. I wonder why so many people believe they do.

@helio This. Illegal immigrants getting benefits, lol. If they’re illegal the gov aren’t gonna pay them are they? Same people who thought brexit would stop people coming in from outside the EU 🥴

Only Labour will look at Nom-doms and tax avoidance to put the UK back on its feet. Tories and Reform aren't interested - they are not interested in public services.

@@user-wv1fy6me3q Scrapping the NHS and public services is the Tory/Reform dream - it'll keep the wealth transfer going from poor to rich!

pensions are invested in stock markets, so if these go down so does you pension. Most ppl never check options of what their pensions are invested into - they should because usually you can decide level of risk you want to take - the closer to retirement age you are - the lower the risk you want to take with your investment in pension.

@@ewelinakow they are linked to the FTSE as well which is no good for anyone.

@@kinggeoffrey3801 well, when it comes to private pensions there is only that much you can control. Which is why i think for general investing / saving purposes ISA's are better but of course there is a 20k per year limitation...

​@@ewelinakowbe nice if they taught people that in school instead of lying about the dinosaurs, the Egyptians and the titanic. What a waste of money that whole experience is.

Private pension pots can be inherited and it's actually a very tax efficient way of passing money on. The money doesn't die with you.

They don't care, that simple 🤨

👍🏻

I'm 57. I've known since my early 40's that I'll never get the state pension. It was bleedin' obvious even back then....but I was called a "conspiracy theorist".....as I've been called so many times for things that have since come to pass. Am I psychic? No. I just think critically and don't swallow the MSM bullshit that's fed daily to Joe Q Public.

what's it gonna take for the british to riot over this and actually fight and pushback on this?

I just can't see this being accepted, it would be political death for the party that said 'no more pensions in the future'. I can see the triple lock going away in the next year or two, replaced with an average inflation rate or simple tie to wages. I can see it being tapered even more in the future, perhaps means tested compared to DC and DB pension fund amount, but most people are factoring in state pension in their retirement plans.

@@grahambriggs8338 well the british accepted the rises to 66, and soon 68, literally without a single peep. don't pretend yer the french actually having mass mobilisation and riots fighting this back when the retirement age goes to 64. so yes, it will be accepted by the British because brits find protesting to be too impolite

@@bothi00 Yes, 68 is ridiculous enough, doesn't matter about age, people's bodies and minds cannae take it any more. 71 would be heinous, but that's just setting the ground for people to accept 69 sooner rather than later. I agree the British are completely useless when it comes to standing up for themselves, unlike the French.

Absolutely nothing. Gordon brown raided pemsions Good point

You should stoll contribute though up to what your employer will match as the money they give you is free money

Was literally thinking this! The masses need to know this. Martin Lewis needs to get on this now!

Totally true I’m in my early 50s and my brother and 2 sisters have almost nothing saved and if I try to point out the dangers they’re totally disinterested. They’d never click on a video like this.

Or they will stop your SP and give them benefits. So, your (our) diligence and sacrifice will count for nothing.

what about construction workers. There's no way most manual labour workers are gonna be able to work at 71

I've seen a lot of young people opt out of the work pension scheme.

Thanks for the sub!

USA 10 years plus Ins..😁😁😁😁

sorry dont work like that

You don't actually need 35 years in all cases. I qualify for a full state pension now and I am in my late 40s and was contracted out for some years.

@@parishesofthebuzzard9437 I doubt you have qualified for full state pension. If your projection tells you that you will get full SP, it will be because you have time to add extra years. Why do you think the rules wouldn't apply to you?

​@@slayerrocks2Hi. I applied for the statement last year. It says you have one more year to get full pension. Which is 2023-2024 year. It shows COP etc.

A means tested state pension was not the recommendation from the IFS in their report. Doesn't mean it won't happen, but the IFS recommend a flat level state pension like we have now, with some tweaks.

@@Ozzy1984_ I just feel for my generation (I'm mid 30s now) there will not be an automatic state pension upon a certain age. Hopefully I'm wrong as it'll be a nice bonus in later life

@mattjames88 I'm hoping the same, mate. I'm slightly older at 39, but not much. A state pension is in my forecasts, so quality of life won't be as comfortable without it. I've got self-employed friends who have no pension savings at all, and they're pushing 40. I worry for them.

@@Ozzy1984_ I have quite a few colleagues who do not contribute to the NHS pension and I just feel for them. I have an exit strategy at 55 and I just wonder what their plan, if any is to stop working.