Here’s a completely barking idea, if ever I heard one. Most people, especially the young, are saving less than ever. Auto-enrolment pensions have started to improve matters, as those who can’t be bothered to save usually can’t be bothered to un-enrol. Now one of this week’s ministers is suggesting pensions be accessed and used for first time-buyers’ deposits! So what do they do for a pension? Sell their houses? And live, where, exactly…?
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On my 50th birthday, I will always remember, amongst the card or two I received was a letter from Saga’ who’d managed to find out my age through the wonder of the internet, and were pleased to tell me I now qualified to join my parents and go on holiday with them.
Not sure how many of us actually fantasise about living into our hundreds nor the extent to which we can prepare for it.
In an election year, all parties will try to be all things to all men. Mostly, it’s only stuff which matters ‘on the doorstep’ which matters. In isolation, Mrs Miggins (not my invention) will be delighted that her pension has gone up with the highest measure of inflation; and no one running a business will be complaining that National Insurance has been reduced.