View comments by: Most Recent - first / last | Most Popular - first / last | Replies - hide / show

Pension changes

More than 200,000 pensioners are likely cash in their entire retirement savings next year when new pension reforms are introduced, pollsters revealed last night. Research by Ipsos Mori for The Times has found that one in five OAPs will use part of the windfall to pay for a holiday. What are your views or plans?


Created By on 28/10/2014

Not a member?

You need to be a member to interact with Silversurfers. Joining is free and simple to do. Click the button below to join today!

suffolknan
20th Apr 2015 23:06:32
0
Thanks for voting!
I am very relieved that I have an occupational pension in my own right and also the widow's part of my husband's occupational pension, as this has enabled me to stop work at 60, which is great!
I have some health problems and was really feeling the strain of working to the point where I felt that I just could not go on; my free time was spent recuperating rather than enjoying life.
It was a real blow when the retirement age was changed from 60 to 63 a few years back. When they changed it again to 65+ I was devastated! I felt that I would be too frail to enjoy anything by the time I got to state retirement age. I was depressed and stressed on top of everything else.
I don't have lots of spare cash, but at least I can enjoy life a bit more. My health is still not good, but it is not getting worse as fast as it was! I have a much better quality of life ....and someone who needed a job got the one I left!
Way back in the late 1970s my dad worked in pensions in an insurance company and he said that as most men statistically die at 68 they had very little time to enjoy their free time or their pension.
So he wanted to retire a couple of years early, which he did. Sadly he died at age 68 following a stroke!
I don't want to stop people working on after 60 if they wish to; but I want us to have the choice.
Also, I am a reasonably bright person, but even so I am very glad that I got my pensions before I had to make all the financial decisions. I chose reputable pension schemes to join back when I was functioning better than I am now. I am concerned for people who may find the new processes far too confusing.
Goldfynche
18th Mar 2015 11:49:45
1
Thanks for voting!
Apart from my State pension, I have two annuities. And I have no plans or ambitions to travel far & wide. I already live in one of the most beautiful areas in the world. The Scottish Highlands. It will no doubt take me the rest of my life just to visit half of the places i'd like to see, up here.
I'm just happy to continue receiving my regular monthly 'allowance'.

Community Terms & Conditions

Content standards

These content standards apply to any and all material which you contribute to our site (contributions), and to any interactive services associated with it.

You must comply with the spirit of the following standards as well as the letter. The standards apply to each part of any contribution as well as to its whole.

Contributions must:

be accurate (where they state facts); be genuinely held (where they state opinions); and comply with applicable law in the UK and in any country from which they are posted.

Contributions must not:

contain any material which is defamatory of any person; or contain any material which is obscene, offensive, hateful or inflammatory; or promote sexually explicit material; or promote violence; promote discrimination based on race, sex, religion, nationality, disability, sexual orientation or age; or infringe any copyright, database right or trade mark of any other person; or be likely to deceive any person; or be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence; or promote any illegal activity; or be threatening, abuse or invade another’s privacy, or cause annoyance, inconvenience or needless anxiety; or be likely to harass, upset, embarrass, alarm or annoy any other person; or be used to impersonate any person, or to misrepresent your identity or affiliation with any person; or give the impression that they emanate from us, if this is not the case; or advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse.

Nurturing a safe environment

Our Silversurfers community is designed to foster friendships, based on trust, honesty, integrity and loyalty and is underpinned by these values.

We don't tolerate swearing, and reserve the right to remove any posts which we feel may offend others... let's keep it friendly!