- Conference
- 2025 National Retired Members Conference
- Date
- 4 June 2025
- Decision
- Carried
Conference notes:
? The state pension age has already increased to 66 for both men and women.
? Two more increases are already set out in legislation. Between 2026 and 2028 it will gradually rise to 67 for those born on or after April 1960, with another gradual rise to 68 between 2044 and 2046 for those born in or after 1977.
? The Pensions Act 2014 requires the Secretary of State for Work and Pensions to regularly review the state pension age.
? The International Longevity Centre’s Healthy Ageing and Prevention Index claimed the retirement age may need to rise to 71 by 2050 for middle-aged workers across the UK.
There are 156 billionaires in the UK, approximately 3,061,553 millionaires, and over six million people paying Income Tax at the Higher Rate. It is therefore clear that a fairer tax system, aimed at taxing the wealthy on a realistic basis, would enable people to retire earlier, and live securely in retirement.
Conference therefore calls upon the National Retired Members Committee to lobby Government and MPs, pointing out the disparities in wealth in the UK, and arguing for a tax system that would a secure retirement for all over the age of 60.