Property News · August 20, 2016

The state pension top-up that no one seems to want


More than a quarter of a million people were expected to boost their pension; fewer than 4,000 have signed up so farIt’s the great deal no one seems to know about. The government is running a scheme whereby older people can buy extra state pension on what experts say are “very favourable” terms – but the take-up so far has been shockingly low.The official prediction was that 265,000 people would take advantage of the chance to boost their retirement income by making an upfront payment. But figures published this week show that fewer than 4,000 signed up in the first six months. Here we explain how the scheme works, why you should do it, and things to watch out for. Continue reading…

Source : theguardian.com
Read more…The state pension top-up that no one seems to want

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