Work until 70 to earn a pension, says watchdog: Payout age could rise as soon as 2037 to help plug multi-million pound hole in public finances
- State pension age to rise to 70 in 2063 according to ‘central projection’
- But milestone could be reached as soon as 2037, meaning people in their early 40s today will be forced to work to 70
- Workers will toil for longer to help stop national debt spiralling out of control
- Payout age could hit 75 if population ages more quickly than forecast
Now is the time to realise that we must take control of our financial futures, perhaps with the help of property investment. Otherwise we work and work and work only to be told by someone else that sorry but we have no money to pay you what you were led to believe was your entitlement.