News In 5 Minutes

News When You Want It

State pension: Calls for a ‘kickstart’ scheme for older workers rise – retirees miss work | Personal Finance | Finance

In light of this increase, the International Longevity Centre UK (ILC) has urged the Chancellor of the Exchequer to introduce a scheme akin to Kickstart, but focussed on the needs of older workers.

A kickstart scheme was launched by the government which aims to get people aged 16 to 24 on Universal Credit to access six-month funded work placements.

Additionally, this week it was announced a “lifetime skills guarantee” would be provided for adults which was welcomed by the ILC, but they argued that further support for older workers was necessary.

As David Sinclair, a Director of ILC, detailed: “As we live longer lives, it is inevitable that Governments will start to increase the age at which we receive our pension. And this month the state pension age in the UK increases to 66.

READ MORE: State pension: Claimants can backdate payments under these conditions

Source link