Property News · October 26, 2015

Most workers 'will be worse off at retirement' under new universal state pension


Analysis by financial experts shows less than half of people retiring next year will pick up full new state pension and says majority will lose out long termMost workers reaching retirement will be worse off under the new universal state pension, expected to be set at £155 a week, according to a highly critical analysis of secretary of state Iain Duncan Smith’s flagship policy. On paper, the new state pension, starting on 6 April next year, will be much higher than the current maximum £115.95 a week basic state pension. The exact figure has not yet been set, but it is expected to be around £155. Continue reading…

Source : theguardian.com
Read more…Most workers ‘will be worse off at retirement’ under new universal state pension

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