Friday, 18 November 2005

Pension review

The government are pondering raising the retirement age from 65 to 67. This is because the British population is ageing. Supposedly, in 2030, 25% of people in Britain would be over 65.

The Conservatives have criticised this move, since they feel taxes may rise to fund increased state pensions.

Of course, my view isn't hard to ascertain. We don't need any state-run pensions or welfare of any kind. WIth an elimination of income taxes, people would have the chance to save more money for their retirement.