Originally Posted by
ninianclark
Out of interest how much did Labour Pledge to the NHS in Ed Millibands manifesto ?
You can still give you kids your inheritance - just make sure you plan carefully
I have a friend who has dementia, luckily his pension and his rental income will pay for their care. He is lucky.
Previously you worked until you were 65, retired - lasted 5 or 10 years - and that was it. Today thanks to modern medicine and lifestyle that is no longer the case . BUT it also means that the pension model is no longer economically fit for purpose. Some people who retired at 60 may be drawing on their pension until they are 90, so there is no way a pension with current contribution levels can pay the pension needed - the sums dont add up, and wont add up until you contribute more to your pension.