A third of people think the State Pension won’t even exist by the time they retire, but the real story is far more nuanced than the headlines suggest. In this video, we break down what’s actually like
Playing defense with your retirement is a losing strategy. Relying solely on the state is like hoping for a miracle play in the final seconds—you can't bet the game on it. Time to stop guessing and start aggressively building a private playbook. Great breakdown, PensionCraft.
Everybody wants BTC at 100k but nobody wants to buy when the market is red. Thats usually how it works lol. Adding more BTC, ETH and SPX21K and still waiting altcoin ss lol.
Everybody wants BTC at 100k but nobody wants to buy when the market is red. Thats usually how it works lol. Adding more BTC, ETH and SPX21K and still waiting altcoin ss lol.
I think you missed another option: means testing.
If done in a way so that only a minority will be affected, it may be the most expedient option politically. For example, a Labour government would be tempted if the voters this will alienate are unlikely to vote for them in the first place.
The new state pension is £241.30 per week total £12,548 per year. The national minimum wage £11.44/hour on a 37.5hr week is £22,308 per year. That's a difference of 43.7%, lower than then the minimum amount of money that the government says it is possible to live on. So for a pensioner who rents, (and this number is increasing) it makes it well below government living standards. This is worse for women who have a longer life expectancy. On a full state pension you get little to no extra help.
My (albeit limited) understanding of the Polish system is that it works better (if less generously) than the UK one - essentially what you get back each year is what you pay in divided by how long an actuary (presumably) calculates you are likely to live. If that money was also invested I think it would have the makings of a decent pension system.
It doesn't even make sense why you're supposed to wait until 67 to 70+ to enjoy your life when you are at your worst in terms of health. Surely you should be living your best life while you're still young. Some people might not even live to their 70's...
The triple lock has to go. A politically palatable way of doing this might be to move to a double lock, whilst simulatenously reducing the state pension age. This could truthfully be sold as more progressive for those in areas where people often die below current state pension age. Then, a few years down the line, if the books don't balance, the state pension age could be increased again (but now only on the double lock).
5:32 - I think the phrase "£300k that you never have to fund yourself" is taking a bit of creative licence. It may not be a pot - but we are paying for contributions during working years (and continue to even if the NI threshold is met). Secondly, I'm only 11 years into my career - recently worked out that if all my NI contributions had been compounding in a GIA I would have close to £100k in there (excluding employer NI) & will far surpass £300k by retirement age. Higher earners would be better off if they could opt out as they are net losers on the £12k they get back (and can't pass it on to heirs etc)
Great information, as usual, Ramin, but IMHO it would be better without the AI slop. I am one of those people who grimaces and looks away whenever a video shows AI slop.
My issue is when it's available at 67 so many people are totally spent health wise!
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Lena K18 Jul 2026
It’s reassuring to hear it’s more nuanced than the doom-scrolling suggests, but I wonder if the trade-off will just be a significantly higher retirement age? Even if the pension technically exists, it doesn't help much if the goalposts keep shifting every few years. Curious if PensionCraft has any data on likely age adjustments.
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night_owl_9218 Jul 2026
wild stat for sure. definitely leaning on a private pot because relying on that feels like a gamble, cal.
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Cal from Daily JunctionHost18 Jul 2026
That's a proper head-scratcher! A third of people thinking the State Pension will be gone is a wild stat to kick things off with. Definitely puts the pressure on our own planning. Who's playing it safe with a private pot, and who's banking on the system holding up?
I'm done paying for the lavish retirements of the generation that had it the easiest, knowing that the state pension will either be non existent or not worth the paper it's written on when I'm old enough. Massively pushing money into a SIPP now. Don't give this socialist government and soft touch welfare state any more than necessary.
If you want to go deeper than these videos, I'd love for you to join the PensionCraft membership over at www.pensioncraft.com . You'll get access to courses, tools, a friendly community, and a monthly live Q&A where you can ask me anything directly. It's designed for everyone from complete beginners to more experienced investors, and it's the best way to support what we do here. In the meantime, a like or subscribe goes a long way. Thanks for watching — Ramin 🙏
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If done in a way so that only a minority will be affected, it may be the most expedient option politically. For example, a Labour government would be tempted if the voters this will alienate are unlikely to vote for them in the first place.
37, have 22 years already (filled every year), plus 7 Swiss years (c. 2.5 times British value).
Thoughts? Probably mathematically yes, but certainty this far out is low.
Important notice for our community: We have been made aware that someone is impersonating Ramin and contacting viewers via email claiming to be from PensionCraft. This is not us.
The only official home of PensionCraft is www.pensioncraft.com. Any unsolicited emails from addresses not linked to that domain should be treated as fraudulent.
Please do not engage with or respond to any suspicious messages. If you have received one, we are sorry this has happened and thank you for your vigilance in reporting it.