Why your retirement should be more taxing | Letters

A Growing Trend of Older Workers Choosing to Stay in the Game Until Their 80s is a Good Thing. But Governments Have Missed an Opportunity to Create a Win-Win Situation.

The idea that older people become useless at 60 has become increasingly outdated. As Simon Jenkins points out, many Britons are fitter and healthier now than ever before. Continuing to work in one's 80s can have numerous benefits for both the individual and society as a whole. With more productive years added, retirees could contribute even more to their pension pots and the public purse.

So why doesn't it currently work that way? The current system cuts off national insurance contributions once retirement age is reached, effectively creating a financial cliff. One can only wonder what would happen if older workers could continue to pay NI pro-rata their working hours and salary, contributing to their pension pot while also adding to the public purse.

It's a no-brainer: change the rule so that anyone who is working pays national insurance, regardless of age. This would create an incentive for older people to stay in the workforce, providing much-needed skills and experience. Moreover, it could lead to more job opportunities for older workers, helping combat ageism in all its forms – from business to government to comedy.

Retirees are not just sitting around listening to Vera Lynn records or bemoaning the "good old days." Many are still active, engaged, and making a positive impact on their communities. They possess unquantifiable virtues that only come with age, which should be celebrated rather than dismissed.

The changing times demand a more flexible approach to work and retirement. Governments should seize this opportunity to create a system that benefits everyone involved – not just the younger generation or those who are content to stop working at 60.
 
I gotta say... it's about time someone pointed out how outdated this "you're useless at 60" thing is. I mean, have you seen all these older folks rocking their fitness classes and still crushing it on the job? It's like they're saying, "Hey, I'm not done yet!" And honestly, why should we care when they can keep paying into the system and contributing to society?

I totally agree with the idea of making national insurance contributions age-agnostic. It's a no-brainer (see what I did there?). They could still pay pro-rata for their working hours and salary while also adding to their pension pot. And think about all the fresh perspectives and skills older workers bring to the table! It's like they're saying, "Hey, we may be older, but we're not done yet!"

It's not just about the financial benefits; it's about celebrating the value that older folks bring to society. They've got life experience, wisdom, and a whole lot of know-how to share. So yeah... let's give 'em a chance to keep on working and rocking their 80s! πŸ’ͺπŸΌπŸ‘
 
I was just thinking about my grandma's amazing cookie recipe πŸͺπŸ‘΅... it's been passed down through generations! Anyway, back to older workers staying in the game until their 80s... I think it's awesome! But what if we could travel and explore new places while working too? Like, imagine being a digital nomad in your golden years 😊. You'd have all this wisdom and experience to share with others, and still be making money on the side. That sounds like the ultimate work-life balance to me! And can you imagine having more time for grandkids or hobbies? 🀩
 
πŸ€” I'm not buying it, though. They're saying older people are fitter and healthier now than ever before, but have they seen any solid stats on that? I need some actual evidence to back this up, like a reputable study or a government report. Just throwing around generalities about being "active" and "engaged" doesn't cut it. What's the proof that all these older workers are actually contributing positively to society?

And another thing, why should we assume that just because someone can still work part-time, they'll automatically contribute more to their pension pot or the public purse? There might be people who don't need or want to work anymore, and that's okay. Let's not forget about the mental health benefits of retirement too.

It sounds like governments are just trying to make a convenient narrative out of this trend. Where's the concrete plan for making it happen? How will they implement this "win-win" situation without creating more problems than solutions? πŸ€·β€β™‚οΈ
 
you know what's wild? i was at my grandma's birthday party last month and she's 82! and I'm over here like, "grandma, you're still rocking" 🀩 and then it hit me - all these older folks are still kicking it and doing their thing, and we're just not utilizing that skillset. like, imagine if they could stay in the workforce a bit longer... our economy would be so much better off! and can we talk about how amazing it is to see people pursuing their passions well into old age? my aunt's still got her bakery going at 75 πŸ°πŸ˜‚
 
πŸ€“ I think it's absolutely fascinating that we're seeing an uptick in older workers choosing to stay in the workforce well into their 80s, and it's high time our governments caught on! The notion that people become "useless" after 60 is nothing short of antiquated. In reality, many Britons are fitter and healthier now than ever before, which is a testament to advances in medicine and living standards.

The current system is indeed problematic, creating a financial cliff for those who choose to continue working. If only we could find a way to bridge that gap by allowing older workers to pay national insurance pro-rata their working hours and salary! πŸ€‘ That would be a total game-changer for both the individual and society as a whole.

Not only would it incentivize older people to stay in the workforce, providing much-needed skills and experience, but it would also help combat ageism in all its forms. And let's not forget about the positive impact retirees can have on their communities – they're often more engaged, active, and wise than ever! 🌟
 
I think its about time governments catch up with the fact that people are living longer & healthier! 🀯 If older workers can continue to work & pay NI, it would be a win-win for everyone. They'd get more money in their pension pot and the public purse would benefit too πŸ’Έ. Its not like they're gonna stop making a positive impact just cuz of ageism πŸ˜’. We should celebrate their experience & skills, not dismiss them πŸ™Œ. Can't we just have a more flexible approach to work & retirement? πŸ€”
 
I mean can u believe this? They're finally saying older ppl r still got it lol 🀣 gotta give it to em, but governments need to step up & make some real changes πŸ”„. I was talking 2 my grandma the other day & she's still fit as a fiddle at 72 πŸ‹οΈβ€β™€οΈ. If the system allowed her 2 keep working, she could be raking in that pension money & still contributing 2 society πŸ’Έ. It's not about age, it's about skill & experience! πŸ€“ why should we assume older ppl r just gonna sit at home all day? They've got so much 2 offer 😊
 
I think its awesome that older folks are staying in the game until their 80s 🀩, but I'm also really frustrated that governments aren't doing more to make it happen. It's like they're missing out on a win-win situation - people would have more money and experience, and we'd get to enjoy the benefits of someone with some real-life wisdom guiding us. The whole thing about national insurance is just so outdated, though... if older workers could still pay in as they work, that'd be a total game-changer πŸ”„!
 
πŸ€·β€β™€οΈ I mean, isn't it about time we moved on from that whole "you're done" thing? Like, we're living longer and healthier than ever, so why not let people enjoy their prime while they can? 🌞 It's not like the gov is going to magically conj up more social security funds or something. But hey, if they could figure out a way to make it work for everyone, that'd be awesome! πŸ’β€β™€οΈ
 
I'm so confused about this national insurance thingy... how does it even work? πŸ€” And what's with the pension pots? I thought we already paid enough taxes, right? πŸ˜• Also, have you seen those videos of older people doing crazy sports and stuff? Like, aren't they a little old to be playing soccer or something? πŸ€πŸ˜‚
 
I'm so down for older workers continuing to kick it until they're, like, 80 and still contributing 🀩! It's crazy how we've been conditioned to think people become useless after 60, but really, many Brits are fitter and healthier now than ever πŸ‹οΈβ€β™€οΈ. And can you imagine if older workers could keep paying NI while working? That would be a total game-changer πŸ’Έ! I mean, it's not like they're just collecting a paycheck and doing nothing... they're still got skills and experience to share 🀝. It's all about creating a system that works for everyone, not just the young folks or those who are content to stop working early 😐. Governments should totally take advantage of this trend and make some changes πŸ’‘. Older workers are still active, engaged, and making a difference in their communities - we should be celebrating that, not dismissing it πŸŽ‰!
 
I gotta say, I'm all for it! 🀝 As we age, our experience and wisdom become super valuable to society. But you're right, our current system creates this huge financial cliff and makes it seem like age is a barrier to contributing to the workforce. That's just not true! 😊 Older folks are still working hard and making a difference in their communities, and they should be recognized for that.

It's time for us to rethink our attitudes towards aging and work. We need more role models who are showing the world that age is just a number, and that experience and skill can take you far! πŸ’ͺ I mean, think about it - if we could get older workers contributing pro-rata to their pension pots and the public purse, it'd be a win-win all around! Everyone would benefit from having more experienced folks in the workforce. And let's not forget, ageism is a real thing that affects people of all ages... so this change would help combat that too! 🌎
 
I think it's awesome that we're seeing so many older folks staying active and working well into their 80s! It's like, people aren't getting any less capable or valuable with age, you know? I've seen friends in their 70s still rocking at work, and they're doing amazing things! 🀩 The idea of them just losing momentum because of a arbitrary age cutoff is just not fair. We should be encouraging this stuff, not making it harder for people to contribute. If we could figure out a way to get 'em working pro-rata, that'd be a total game-changer. Older workers would still be able to put money in their pensions and the public purse, but they wouldn't have to just stop cold turkey at 65. That'd be a win-win all around! πŸ’Έ
 
😊 You know what really gets me? People sayin' that after 60 we're all done dealin'... but I think it's high time we redefine that notion! 🀯 I've seen so many of my mates still goin' strong, workin' hard and contributin' to society in their 70s and beyond. It's not just about the money, either - it's about the experience and wisdom they bring to the table. If we could just give 'em a bit more flexibility and a chance to keep on workin', I reckon it'd be a win-win for everyone! πŸ‘
 
🀩 older people shouldn't have to choose between financial security and living their best life, you know? they're still got so much to offer πŸ™Œ. like, think about it, a full-time job in your 80s would mean you're not just padding out a pension pot, but actively contributing to society πŸ’Έ. and on the other hand, younger people could learn so much from their experience & wisdom πŸ‘΄πŸ‘΅. it's all about finding that balance & being more flexible with our retirement plans πŸ•°οΈ.
 
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