09-02-2021, 10:05 AM
(09-02-2021, 08:19 AM)baggy1 Wrote: I will continue to pay into the pot
This is the great conceit about the state pension. There is no "pot". Your NI contributions pay for current spending.
You also talk about not wanting to pull the ladder up. I'm afraid the ladder has been pulled up, sawn apart and burned. That is exactly the reason why the only practicable solution for our kids and grandkids is that you, I and everyone else lucky enough to have housing assets that have grown without any effort on our part ought to be using the equity therein to fund our retirement.
Oh, and working pensioners should continue to pay NI - and pubic sector workers taking unfunded pensions ought to be banned until the age of 65.