

When will you be able to retire... and will it be with a state pension?
Jul 26, 2025
Experts discuss potential changes to the state pension age, suggesting it might rise to 74. They emphasize the importance of early retirement savings and the impact of socioeconomic disparities. The psychological barriers to saving for retirement are explored, along with upcoming taxation changes affecting families. Criticism of including pensions in the inheritance tax framework highlights unfair burdens. Finally, there's an analysis of the FTSE 100's rise and contrasting strategies for investing in Bitcoin amid its volatility.
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State Pension Age May Rise to 74
- The state pension age is rising due to longevity but may accelerate to much higher ages like 74 by 2069 without reform.
- This increase may cause difficulties for those in physically demanding jobs compared to office jobs.
Triple Lock Raises Pension Costs
- The triple lock has substantially increased the state pension but is becoming too costly.
- Younger workers effectively pay for current retirees' pensions via general taxation, raising affordability concerns for future pensions.
Save Early in Pensions and ISAs
- If you want to retire before state pension age, save aggressively into your workplace pension or ISAs.
- Combining pension and ISA savings offers flexibility due to potential pension access age increases.