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Right, you ‘orrible lot…

Tony Watts’ notes arrive every morning and are refreshingly relevant! Here’s one from earlier the week, which I cherish. There’s a lot coming out of the insurers about how we feel when in retirement (this from Standard Life). But my breakfast food comes from Tony!

Right, you ‘orrible lot…

Shades of “It Ain’t Half Hot, Mum” this morning, with news of a survey conducted by YouGov, testing out whether Brits would fall in line with German proposals for older people to do more to support poorer pensioners… either by paying more tax or by doing some form of national service.

After all, fair’s fair. How many older people bang on about youngsters being conscripted?

In fact, just below half of the UK public support the creation of a voluntary scheme for new retirees to do a year of social work (47% say so, compared to 26% opposed). There was significantly less support for a mandatory scheme, which garnered the backing of a mere 14%.

Some 36% of the public, meanwhile, are in favour of increasing tax on pension income for those with above-average pension incomes, in order to fund more generous state pension payments for the lowest income pensioners.

Your views?

When that actual “retirement” actually happens, we discover today, is being kicked further and further down the road: whilst the preferred retirement age of many Brits remains 62, they don’t expect to be able to give up work until 67 – a gap that has widened by a full year in the last 12 months alone. Renters and those on lower incomes don’t expect to leave work until 68 on average.

If you have had an invitation to get your Covid booster, do check that you actually qualify before making an appointment: many people are being told to get an appointment then being turned away at the pharmacy.

Elsewhere today: how do you keep an older population engaged, socially connected and healthy? In Japan, the answer is increasingly focused on how to create flexible work for older adults to stay active and purposeful… but on their own terms.

Finally, forget fiddling around with the Triple Lock. Could the State Pension itself be means tested under a future Government?

Tony Watts OBE, Editor info@theageactionalliance.org

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