Property News · October 8, 2016

It’s a bargain state pension deal: put in £700, get £5,000 out


Around half a million public sector workers can massively boost their state pensions. Here’s howPut £700 in and get £5,000 out. That’s the deal potentially on offer to thousands of current and former public sector workers who can top up their state pension at “bargain basement” rates, according to former pensions minister Steve Webb.He estimates that more than 500,000 older people – including many current and newly retired teachers, nurses, civil servants and local government workers – could benefit over the next five years, as well as thousands of private sector workers. This particularly relates to those entitled to draw their occupational pension at 60, but who won’t receive a state pension until they are 65 or 66. Continue reading…

Source : theguardian.com
Read more…It’s a bargain state pension deal: put in £700, get £5,000 out

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