“Think tank calls for limit on pension freedoms to fix workforce issues”

Feb 22, 2023 | Pensions

Is it really the fact that they can access their pensions at 55 which is leading so many to stop work sooner rather than later? Not from our experience on this side of the advice fence. In fact, those that do go early are unlikely to dip into their pensions and generally have either other savings, resources or motivations. Such as the chance to do their own thing, to become a kept person (with a happier-in-their-job partner as breadwinner) or an inheritance which tips the balance. Most do still think of their pensions as old-fashioned, not-so-free pensions which they still keep for their old-fashioned retirement age. At which time those pension freedoms really do become a good thing. So however much thinking you do in that tank, there’s no easy fix for those ‘workplace issues’.

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“National insurance cut raises questions over state pension funding”

“National insurance cut raises questions over state pension funding”

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.

“Back to work for people aged 65”

“Back to work for people aged 65”

So is it ‘back to work’ or never stopping? And why? Because we’re cash-strapped and can’t afford to retire? Or healthier and realising that working can actually keep you healthy? Well, it all depends, of course.