Thursday, March 23, 2017

Work till you drop

An analysis for the Department for Work and Pensions (DWP) has suggested that workers under the age of 30 may not get a pension until the age of 70.
At least six million people face the prospect of having to work longer.
"This report is going to be particularly unwelcome for anyone in their early 40s, as they're now likely to see their state pension age pushed back another year," said Tom McPhail, head of retirement at Hargreaves Lansdown.
"For those in their 30s and younger, it reinforces the expectation of a state pension from age 70, which means an extra two years of work."


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