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 ‘Pension Income’
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.
Pension planning – older workers could be cuckoo to stay in the NEST
Wednesday, October 27th, 2010
The government has confirmed the go-ahead for 2012 of the National Employment Savings Trust (NEST), the new national pension scheme for company employees. The scheme may not constitute good pension planning for older workers over 50. Read More
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
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.
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Shifting patterns for taking pension income as income drawdown gathers strength
Monday, September 13th, 2010
With annuity rates at a 15-year low, demand for flexible pension income from a stock market investment via income drawdown has doubled.
Pensions savings cut by half due to costs
Monday, August 2nd, 2010The pension savings of a typical middle earner in the UK could have been up to £100,000 larger, had hidden charges not been taken over the years. The same amount saved by a Dutch person would have given pension income 50% higher than his UK counterpart, due to a more efficient pension savings architecture in the Netherlands, a leading pensions expert said this week.
Equity release boosts pension income – but take advice, says Age UK
Wednesday, July 7th, 2010
Equity release can boost pension income for cash-poor, asset-rich retirees, by giving them early access to the value of their home. However, it is a strategy best undertaken only with good financial advice, says Age UK
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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.
June 2010 Budget – Damage Limitation for High Earners
Thursday, June 24th, 2010The expected cut in pensions tax relief for high earners in the June 2010 budget did not materialise – but the show’s not over yet. Maximum annual pensions contributions may be capped at around £45,000. Find out more by clicking headline above.
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