Many thousands of pensioners are losing out on vital pension income by failing to take up their entitlement to pension credits. This could be costing them £34 per week. Read More
Posts Tagged ‘Basic State Pension’
Pension Income : thousands miss out on pension credits
Friday, November 19th, 2010New retirement age could cut pension income by £14,000
Tuesday, November 16th, 2010
The state pension age will rise to 66 by 2020, for both men and women. The extended working time could cost women in particular up to £14,000 in lost pension income.
Could you live on pension income of £140 per week?
Monday, October 25th, 2010
New proposals for a general pension income of £140 per week for all pensioners will still leave a third of UK pensioners below the poverty line as defined by the EU. Planning a personal pension to ensure adequate pension income in retirement has never been more essential. Read More
Pension income boosted by continuing work for most retirees
Friday, October 1st, 2010
More retired people are deriving income from continuing work, and have not achieved the pension income for the retirement of leisure they planned, according to new data released this week by the ONS. Many pensioner couples now take a quarter of their income from earnings. Read More
First swell of baby boomers drains basic state pension
Wednesday, September 22nd, 2010
The basic state pension system has already begun to creak and strain as the first of the 1940s ‘baby boomers’ comes to retirement. Next year, 650,000 people will turn 65 in the UK, with a further 800,000 in 2012, says the Department of Work and Pensions.
Read More
Proposals will cut private pension income, say experts
Wednesday, August 11th, 2010
New proposals to link state pensions and private pensions to the Consumer Price Index will save money at Government level, but could see pension income rising 25% less than expected.
Pension income from private pensions drops £3,000 in 2 years
Friday, July 23rd, 2010
The pension income of a 60-year old retiring today will be £3,000 less than it was 2 years ago, says pensions specialist Aon Corporation. Good pension planning and timing are central to maximising pension income in retirement. Read More
Basic State Pension age now to be 68
Tuesday, July 20th, 2010
The Government’s latest proposal is to set 68 as the age for taking the basic state pension. Each year deferred would add 1% to GDP, says Iain Duncan Smith Read More
Pensions income from state inadequate for modern living
Tuesday, July 6th, 2010Social research charity the Joseph Rowntree Foundation has published minimum income figures needed for an acceptable standard of living in the UK. The figures in relation to pensions income indicate that state pensions are inadequate for a decent living standard.
A third of pensioners look to state for pension income
Monday, July 5th, 2010Over 30% of UK pensioners rely solely on the state for their pension income, even though state pension income in the UK is the lowest in Europe, compared to average wage.
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