Hi Mick, The 8% wouldn't make a lot of difference to me, my tax would go up.
I've prepared for my retirement, I've got an an index linked BT pension plus a private pension.
But for people who didn't save, they have ended up with worse pension in Europe.
MP's only need 13years to get their massive pensions, it would take an average person 65 years to pay in to a scheme to get this.
Women of my wife's age have lost out, my wife is 63 in September but will have to wait to she 66 for her's instead of the age of 60.
We managed to find an extra £20 for everybody on universal credit, the last 18 months.
This 8% will be a one off and chance to boost our pensions in line with Europe.