Tuesday 24 April 2018

Charlie Weston: Age-old pension worries enough to turn you grey

People will soon be working beyond the age of 65 before being entitled to a pension. Photo: Getty Images
People will soon be working beyond the age of 65 before being entitled to a pension. Photo: Getty Images
Charlie Weston

Charlie Weston

OFFICE old-timers often like to tease new, raw recruits. "Ah, don't worry," they tell them after their first fraught day in the job, "there are only another 9,999 days to go before you get to retire."

The chances are that anyone telling that rather lame joke in the future will have to add many more days to the figure in the punchline. Because it is looking increasingly likely that the option of retiring on a full pension at 65 is set to disappear.

That is set to be the case for those retiring from a company plan, and those expecting a state pension from age 65.

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