Quote:
Originally Posted by smudgie
No doubt it will get to the near eighties before you retire if people keep living longer.
Shame you can't offer to pay more into the pot on condition you can retire earlier.
|
Well, you can... you can have a private pension or retirement plan and then retire whenever you want. They can't "force you to work until 70" - all they can do is withhold the state pension. That's all that's meant by "retirement age", really.
What is a bit of a sham, is that you can't opt OUT of having a state pension and have your NI contributions reduced accordingly (to invest however you want).