New proposals for a National Care Scheme will provide in-home healthcare for the elderly to those who pay £8,000 to join. Proposed payment options include a 10% inheritance tax, forfeiting state pension income by working longer, or planning ahead with pensions savings or a bond investment.
Maximising the performance of your pension savings requires regular reviews and quality independent pensions advice. By constantly reassessing your pension investments, a good adviser can add thousands to your annual income in retirement. New figures from Aon Consulting use 3 scenarios to show the savings that are possible.
Are you one of the 27% of people soon to retire, who will rely on the basic state pension as their main means of support? If so, then you could be receiving basic state pension benefits that currently stand at less than £5,000 a year.
New legislation from Brussels is likely to slash pensions annuity rates by up to 30% from 2012. Retirees should contact their financial adviser now, and hurry to buy their pensions annuity while rates are still high.
The economic downturn has produced many ‘pension sceptics’ – but their doubt about pensions as long-term investments crumbles, when you look at the figures. Pensions and equities still beat the bank, hands down.
Men retiring this year will have pensions two-thirds larger than women in the same position, according to Prudential. The average pension income for a man taking his pension in 2010 will be £19,593 per year, compared with £12,169 per year for a woman.
