Comments on: ‘One in, one out’ for employment law http://www.hrreview.co.uk/hrreview-articles/employment-law/one-in-one-out-for-employment-law/4368 Fri, 03 Feb 2012 12:42:02 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Andy http://www.hrreview.co.uk/hrreview-articles/employment-law/one-in-one-out-for-employment-law/4368/comment-page-1#comment-1059 Andy Wed, 07 Oct 2009 13:14:59 +0000 http://www.hrreview.co.uk/uncategorized/one-in-one-out-for-employment-law/4368#comment-1059 Agreed with many of the points Alan makes, however, the irony is that on the one hand we are told that we must work longer and pay more national insurance to get a pension, on the other we are also told that we can be forced to retire at 65. Ours hasn't been a spend and save society for a long time and our finance system is not condusive for saving for retirement. Pensions are being eroded, costing more for less benefit, and we are told to like it. Agreed with many of the points Alan makes, however, the irony is that on the one hand we are told that we must work longer and pay more national insurance to get a pension, on the other we are also told that we can be forced to retire at 65.

Ours hasn’t been a spend and save society for a long time and our finance system is not condusive for saving for retirement. Pensions are being eroded, costing more for less benefit, and we are told to like it.

]]> By: Alan Jones http://www.hrreview.co.uk/hrreview-articles/employment-law/one-in-one-out-for-employment-law/4368/comment-page-1#comment-1057 Alan Jones Wed, 07 Oct 2009 13:07:16 +0000 http://www.hrreview.co.uk/uncategorized/one-in-one-out-for-employment-law/4368#comment-1057 With regard to the "mandatory retirement age" - what mandatory retirement age - it won't be there for much longer. With regard to the age at whihc you will qualify for your state pension - of course it has to increase, humans are living a lot longer, and we are generally fitter in our 60's than ever before. Working a few extra years, maybe even until 70 will soon become the norm. If you want some 'pension' style income before 65, then I recommend you start investing and saving - e.g. using ISA's which are tax free. All goverments labour and Conservative are encouraging people to save for their retirement. hence new ISA allowance increases etc. In my opinion they need to go further with this. As a nation we also need to teach our kids wealth education! With regard to the “mandatory retirement age” – what mandatory retirement age – it won’t be there for much longer. With regard to the age at whihc you will qualify for your state pension – of course it has to increase, humans are living a lot longer, and we are generally fitter in our 60′s than ever before. Working a few extra years, maybe even until 70 will soon become the norm. If you want some ‘pension’ style income before 65, then I recommend you start investing and saving – e.g. using ISA’s which are tax free. All goverments labour and Conservative are encouraging people to save for their retirement. hence new ISA allowance increases etc. In my opinion they need to go further with this. As a nation we also need to teach our kids wealth education!

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