Quote Originally Posted by Returnofrros View Post
Easily find what's paid in, quick Google search and my figs not far off.

COVID policy has changed people's attitude to work and pensions, think something like 32% now draw pension before normal scheme retirement age.

State pension age will change to 70 in next parliament......pretty convinced of it.

Majority (not all) of young folk are basically ****ed with little hope of owning a home or building up wealth.
The rules were changed about ten years which allowed people to lift the whole of their pension fund when they reached 55 years of age if they wished to instead of commuting 25% of their pension as a lump sum when they retired.
People were no longer required use their personal pension to purchase an annuity when they retired.
I do not understand why younger people have to be continually ‘spoon fed’ regarding financial matters.
When I was growing up both my parents and grandparents ‘drummed’ into me that I had to save up for my old age.