Blogs

This parrot’s “retirement has ended”

John Rentoul

parrots e1395350426617 225x300 This parrots retirement has endedEd Balls coined a new euphemism for death in his interview on the BBC Radio 4 Today programme this morning. He was asked about the reform of defined contribution pensions in the Budget:

This is a very big and radical reform so it is important that we look hard to see what it is actually going to mean. There is a reason why there has been an expectation you buy an annuity in our country if you save tax advantage in a pension. That has been there for 80 or 90 years. The question will be will there be proper protections and proper financial education so people don’t make the wrong choices and end up running out of their pension pot well before their retirement ends.

Thanks to Colin Forster.

Tagged in: , ,
  • Pacificweather

    Ok, John, I’ll buy it. What is the euphemism?

    The poor man just had his fox shot. Don’t you think commiserations are in order.

  • greggf

    “The question will be will there be proper protections and proper financial education so people don’t make the wrong choices and end up running out of their pension pot well before their retirement ends.”

    Of course, its called Social Security Benefits!
    Or in other words “revenge of the pensioner” (is that a euphemism Pacific?).

  • greggf

    “The question will be will there be proper protections and proper financial education so people don’t make the wrong choices and end up running out of their pension pot well before their retirement ends.”

    Of course, its called Social Security Benefits!

    Or in other words “revenge of the pensioner”!

  • Pacificweather

    It would be if taking all your pension pot was not taxable but you could easily end up paying for the social security benefit in the tax you paid on your pension draw down. I might be ‘revenge of the chancellor’ if your retirement ends before you are 100.

    Actually, as much as it pains me to say anything good about Ed Balls, ‘retirement ends’ is a quite a good euphemism which I found myself using several times since reading John’s article. When I worked in a company with Americans, I used to invent euphemisms that I told them were polite usage in Britain. The Americans, being both polite and fond of euphemisms, would use them and so did British colleagues who thought they were being ‘cool’ by using American expressions. One or two became company standards expressions. ‘Lathering’ was an over detailed and slighty implausible explanation. Sort of bullsh:t lite.

  • greggf

    “It would be if taking all your pension pot was not taxable but you could easily end up paying for the social security benefit in the tax you paid…..”

    Well Pacific, I’ve lost touch with much of the detail of social security benefits pensioners might claim, but I understand that, for example; housing benefit claims could increase.

  • Ciaran Goggins

    Mr Rentoul, many working class folks die before retirement age. Calton ward in Glasgow has a lower life expectancy than Moldova. Under Labour and Tories.


Property search
Browse by area

Latest from Independent journalists on Twitter