Brilliant

[Peppermint]

Talking about the up and coming retirement/pensions crisis that faces all of Europe
the Italian minister responsible for pensions said " we are making too few cradles and too few coffins"

It appears that by 2020 for every pensioner there will only be two workers. It stands at four to one today.

So if you were looking for that sell up and sail off moment, you'd better hope that house prices keep on going up.

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[Mirelle]

Brilliant....solution

Don't build any more houses. That will force house prices up, keep those who are at work at work for longer, allow those who are not to sell up and sail, and be good for the environment into the bargain.

Go on, fight that planning application by Cheapandnastybut incrediblypretentious Homes, PLC. You know it makes sense!

QED

<hr width=100% size=1>Que scais-je?

 

[scarlett]

And it was 26 tax paying workers to every much shorter lived pensioner when the state pension was instituted. Those blessed with youth, health and a pension are in the Golden Age, never to be repeated.

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[AndrewB]

HM Govt already have the solution ...

Turn the place over to Slovakians, Rumanians and the like. They can come here and work like n*****s (preferably illegally so we don't have to pay a minimum wage) to create the wealth to pay the pensions of us lot swanning it in the Med.

Come back Beverley Hughes, all is forgiven!

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[Cornishman]

"Those blessed with youth, health and a pension are in the Golden Age, never to be repeated. "

.. and I am loving every minute without having to sell up and sail into the wide blue yonder. Done that, been there and got the tee shirt!


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[scarlett]

Re: HM Govt already have the solution ...

I disgree Andrew. The possible flaw in your solution is that low paid, black economy, workers may have difficulty paying income tax etc. if they earn too little or for some other reason. It would suit people sailing more, I think, if those left behind worked harder, paid more tax and sought ways to spend big pension lump sums when I come to trade down, prior to anchor ingestion.

A recent development put forward is limiting annual leave. I hope this idea spreads Europe wide so that those who might have chartered around me, are kept away for about a decade. I would compensate those so deprived, with money to pay into their delayed pension scheme [ to pay more taxes].

The government is seriously considering delaying the minimum pension age from 50 to 55 and raising the state pension age to 70. There is some sense in this. I, retired, plan to live more than fifty years in retirement, yet I worked and paid direct taxes for less than thirty years.



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