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Work/volunteering

Do you aspire to be in work in your 60s and even 70s?

(83 Posts)
LucyGransnet (GNHQ) Wed 09-Dec-15 11:43:39

We recently saw a report from independent think tank Bright Blue advocating that the UK should have a higher proportion of people in their late sixties and seventies in work to boost individual and national prosperity. From the report:

Bright Blue calls on the Government to introduce new policies to ensure those who aspire to work when they are aged 65 or over are better supported. Bright Blue argues that if baby boomers in particular decide to work for a greater number of years they will be contributing enormously to the economy and helping to create more intergenerational fairness.

The current government has already adopted Bright Blue's recommended policy of enabling working grandparents to be entitled to Shared Parental Leave, so more older workers can stay in work and meet their family commitments.

Bright Blue is now calling for the introduction of a new lifetime Higher Education (HE) loan account for all adults to be able to obtain financial support to pay the tuition fees of HE courses to upskill and reskill throughout their working lives, so people are better able to work for longer later in life.

Our recent report advocated that all eligible adults from the UK and other EU aged 18 onwards should be entitled to access a lifetime HE tuition fee loan account from government to pay for tuition of any HE course - full-time or part-time - in England during their lifetime. This means that adults of whatever age could access this account to pay for equivalent or lower qualifications, or courses below a certain intensity.

Those who are older can currently access tuition fee loans for undergraduate courses, and in the future, those aged up to 60 will be able to access tuition fee loans for postgraduate courses. But these tuition fee loans are not available for those undertaking equivalent or lower qualifications, or those undertaking courses that are studied below a certain intensity of hours per week.

The amount in the lifetime loan account should be determined after extensive consultation led by government. It should take into account that the amount would have to be high enough to take into account people studying multiple degrees. However, the loan account should also be low enough to trigger price competition and, in particular, downward pressure on undergraduate tuition fees in England.

Similar to the current system, students will repay the amount they have borrowed from their lifetime loan account to the Student Loans Company through the PAYE system. This tuition fee loan will be separate and junior to the maintenance loan UK students can obtain for a first undergraduate degree.

We'd be very interested to know your thoughts on the report: whether you'd want to be in work into your 60s and 70s, whether a higher education loan would make you more likely to retrain - or maybe you're not tempted at all!

janeainsworth Wed 09-Dec-15 11:56:28

I thought I was contributing to the economy by spending my pension on British food wherever possible, and supporting local businesses.
I would much rather the government concentrated on providing work opportunities for those who need them ie younger people.
Baby boomers are already subject to a lot of criticism for being the 'lucky' generation - this will add another layer to that, if the critics can complain we are now absorbing resources that would be better invested in the younger generation.

Luckygirl Wed 09-Dec-15 12:00:56

No thanks - I have got (and have had) quite enough to do caring for parents (now deceased) and GC, because family earn too little to be able to afford enough child care. I am also busy in a voluntary capacity in my local community doing stuff that the LA used to be able to afford to do.

gillybob Wed 09-Dec-15 12:05:47

This makes me SO ANGRY !

What about those of us who DO NOT ASPIRE TO WORK INTO OUR 60'S, 70'S OR 80'S BUT MAY HAVE NO BLOODY WELL CHOICE ????????? angry

When there is so little governement money around why would it make sense to waste it on education for someone in their 60's ?

......and for the record I don't agree with extending shared parental leave to grandparents either. What next? Uncles, aunts, sisters, brothers, the woman up the street? Ridiculous. How the hell would businesses keep going if everyone in them decided to take leave whenever they felt like it?

This has put me in a bad mood for the rest of the day now !

mollie Wed 09-Dec-15 12:09:22

Yes please. I'd be interested in any help in retraining and returning to the workplace. The extended age of retirement means I have almost another decade until I can retire. I haven't worked in a number of years so for all sorts of reasons a chance to get back to work would be welcome.

Galen Wed 09-Dec-15 12:33:56

I'm 71 and still working. I would work until I was no longer capable if I were allowed, but the ministry of justice have decreed I have to rentire at age 72

trisher Wed 09-Dec-15 12:40:03

I'm not sure that the approach is entirely correct. Retraining might not be a real necessity. What is really needed is help to use the training we already have in different ways and adapt our skills to the workplace. I trained as a teacher and since i retired have used my skills in voluntary work. So I have organised fundraising events, run walking tours, given talks to groups and been a volunteer guide. If I had been given guidance about the things I could do and the places my skills would fit I might have moved out of teaching as I got older but continued to work. Teaching is a demanding profession that it is difficult to continue in past 60. Mind you the voluntary sector will really lose out if the 60+s can't do their bit.

jinglbellsfrocks Wed 09-Dec-15 13:04:19

No. But thank you anyway. tchsmile

M0nica Wed 09-Dec-15 13:21:03

DH retired at 60, returned to work part time at 62, was effectively working full time again by the time he was 63, before returning to part time work at 67. At 72 he and a friend have just won several international contracts for engineering services and will continue to work part time for at least the next two years.

He is now finding some international work tiring, three trips to Denmark in 10 days, was a bit wearing, but he loves it.

But not all of us can do this. I was made redundant in to early retirement in my mid-50s and rapidly found out that I was unemployable. My solution was to work in the voluntary sector. I worked for a major charity as a Home Visitor for 10 years and after a break I am about to start doing this work again. I consider the voluntary work I have done and am now doing contributes as much to the well being of the country and its economic well being as nthe more remunerative work DH does.

mollie Wed 09-Dec-15 13:33:00

I WOULD like to retrain because the work I did between leaving school and finishing about seven years ago isn't what I want to go back to, even if anyone would employ me. Which no one wanted to do seven years ago, I should add, despite a degree and experience and many, many applications. So yes, I'd like to become useful but in something different and something that actually suits me and lets me carry on working into much older age...

hildajenniJ Wed 09-Dec-15 13:39:41

I am still working in a part time capacity, although not in the job I did before "retiring". I would love the opportunity to retire completely. Due to Unforseen circumstances (DH's financial failures), we still have a mortgage to pay and would be unable to live here if I didn't work. I am 64 on Friday and am heartily sick of getting up at 03:00 to go and clean offices and toilets in Waitrose!

grannyactivist Wed 09-Dec-15 14:17:40

The point has been well made that if people who are of 'retirement' age continue in paid employment there would be a dearth of such people in the voluntary sector and therefore communities would suffer. I know very few people who are retired who DON'T volunteer in one way or another; my daughter in law's mother has had her hours at work reduced prior to retiring and on the two days she isn't in paid employment she runs the local food bank. All eight of the local charity shops rely on older volunteers; Home Start, the local library, mother and toddler groups, and much family childcare are also resourced by people of retirement age. In retraining people to continue in paid employment past the retirement age I think there would be an exchange of one 'problem' for another. Also, many of us do what we can as volunteers in spite of the tiredness and health problems that often accompany getting older and without the stress of having to be at an employers beck and call.
There may be a small number of people for whom the aspiration to continue working after the current retirement age is present, but funding retraining past 65 years of age seems like a non-starter to me.

kittylester Wed 09-Dec-15 14:46:56

Good post ga! Who will do the voluntary work that makes our society a richer place, if not retirees. Why retrain older people rather than young people - voluntary organisations will train volunteers for free. Although I think the retirement age will have to rise with maybe older workers becoming part timers maybe in job shares. It is unsustainable to expect to have 30 years worth of pension from 40/45 years of work.

Greenfinch Wed 09-Dec-15 14:51:00

I don't see the need for it. My DH is still teaching part time at 77 and is using the skills he has developed over the years. I am 69 and am an oral examiner. We have ongoing training for which the Exam Board pays .I would not want to do anything totally new and with the present arrangement we still have time for volunteering and supporting the extended family .I hope to go on working for several more years if my health allows.

Nelliemoser Wed 09-Dec-15 15:06:07

Has there ever been a survey of those of us who were "allowed" to and could afford to retire at 60 or 65.
I would be interested to know what sort of %tage would still choose not to work after that age, (assuming they were not forced to by financial pressures.)

Gillybob I think you have said you have a small business. I could understand just how difficult such extra leave arrangements could be for small companies.

Actually I have no idea at all about how grandparent leave to look after grandchildren is supposed to work.
Anyone ?

Teetime Wed 09-Dec-15 15:16:22

I do work but its unpaid for a charity and it still does contribute to the economy. I wouldn't mind getting access to some on going supported training though. I paid for my own further and advanced education while I was in work but I wouldn't be able to do that now,

gillybob Wed 09-Dec-15 15:24:42

If I had a choice I would choose to retire tomorrow or as soon as possible after that. Fat chance of that though.

Yes Nelliemoser My DH and I run an Engineering company. Whilst it maybe relatively easy to get temps in certain roles it is extremely difficult (I dare say impossible in this area) to take on a highly qualified Engineer to fill in for a few weeks/months here and there. But as usual the government think everyone works at a desk from 9-5 don't they?

rosequartz Wed 09-Dec-15 15:45:22

No.

It's all been said in the posts above. Concentrate the resources on the young and let us enjoy our retirement (or work if we want or need to).

The voluntary sector would indeed collapse without the retirees - in fact some areas may well do because of the reluctance of younger, newly retired people to take over from those in their 70s and 80s.
Younger people would not be able to work if older people did not make way for them and were not available for valuable chiled-care.

loopylou Wed 09-Dec-15 16:01:23

I'd like the choice, not to be forced to work until I'm 65 and 8months because the bl...y goalposts have been moved twice in typist few years.

I work nearly full time, care for two very frail elderly parents (about 24 hours a week) and volunteer at a local charity.

I would dearly love to help out with grandchild care but it's not an option so absolutely no choice available.

varian Wed 09-Dec-15 16:03:40

I retrained in my forties when my children had grown up and I felt then that life was too short to spend all your years in the wrong job. I now do something I enjoy and so at 70 I still work and hope to do so for a few more years.

I've been self-employed and working from home since my late fifties and that makes it easier for me to slow down as I get older. As long as you don't let people down, you can take time off to spend time with grandchildren, go on holiday or do more or less what you want - although that does mean a lower income (but better than nothing).

I was brought up by parents who worked hard, particularly my mother, and would find it quite difficult not to be doing something useful - although I know that could be voluntary work.

I know quite a few retired women (some of whom never worked after having children) who complain a lot about how busy they are but I don't think I could be happy just playing golf and bridge.

Nonnie Wed 09-Dec-15 16:32:11

I don't think training at any age is ever wasted but I do think that it should only be publicly funded if it is going to help people into employment. I believe there has been an increase in the number of retired people taking university courses with grants they will never have to repay and I don't think this is fair.

I would not want to go back to work but we are in a position not to need to because we provided for our old age. Not everyone is willing or able to do so. We feel that we have earned our retirement and deserve to do what we want when we want to. We still give back to society but not in paid employment.

OlderNoWiser Wed 09-Dec-15 16:42:21

As I am a freelancer, working from home for myself for the last 20+ years in a job that is interesting, enjoyable, very rewarding and well paid I intend to keep working for as long and as much as I am able, for as long as I enjoy it.
I realise that I am very lucky in this respect, as not many people can say that they love their job, but why would I want to give up something that never seems like work to me, but more of a hobby. I can honestly say that I get up every morning and look forward to my work.
Long may it last!

rosequartz Wed 09-Dec-15 16:47:48

I know quite a few retired women (some of whom never worked after having children) who complain a lot about how busy they are but I don't think I could be happy just playing golf and bridge.

I was brought up by parents who worked hard, particularly my mother, and would find it quite difficult not to be doing something useful - although I know that could be voluntary work

How patronising is that? shock

I did return to work full-time from my 40s until ill-health forced early retirement on me. Anyway, DD was only 3 when I was 40 - not grown up.
I don't see anything wrong with having more enjoyment in life after the age of 65!
I don't play either golf or bridge but always seem to be busy

suzied Wed 09-Dec-15 18:14:16

Who would want to take out a student loan at 60+? I do go to college 1 day a week to continue my couture dressmaking, which I pay for , but no way would I want to go back into employment or full time study. I am lucky in that I can do bits of work from home when I want to. For the first time in my life I am not bringing up children and / or working full time and I can do things I want to do.

M0nica Wed 09-Dec-15 18:46:03

I know quite a few retired women (some of whom never worked after having children) who complain a lot about how busy they are but I don't think I could be happy just playing golf and bridge.

I read a lot in the newspapers and hear a lot about them on the radio - and now on Gransnet, but I must confess I have never ever met one of these mythical beasts, women whose retirement days are filled with golf and bridge, and surely we should add cruises. Every woman over retirement age that I know, including some who never worked, are kept very busy by their work in the voluntary sector, looking after grandchildren and generally making themselves useful members of the community.

It bothers me that retired people are being demonised so much at the moment, on one side we are told we should sell our houses and move into 'suitable' flats and bungalows, now we are being castigated for not working on relentlessly after we reach official retirement age.

People's health deteriorates as they get older, we lose our stamina and sometimes our mental edge. I have already commented that while DH continues to work part time, he can no longer cope with overseas travel, and also long full day meetings, without needing several days to recuperate.

After 40 years or more of full time work, older people should be able to retire and take life easy without being condemned for it.