[Omah]

Originally Posted by GiRTh

They should have sorted out their pension ages ago well before they retired. They cant expect the state to subsidise them until they die. What if they live to over 100?

I hope you've got yours sorted out - what if YOU live to over 100?

Of course, if you're 25 or under, you might have to work (if you've got a job in, say, 2043) until you're 75, say, 2063, when £30,000 now will only be worth £8,456.87 then and a 70 litre tank of petrol will cost £1,092.80, a loaf of bread £13.40, a bottle of wine £55.35 and a cinema ticket £63.45, assuming, for example, inflation rises at 5.00% and you receive annual interest of 2.40% on your savings after tax.

http://www.hl.co.uk/news/future-inflation-calculator