{"id":61494,"date":"2017-07-22T13:00:31","date_gmt":"2017-07-22T06:00:31","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/your-state-pension-in-dorset-124000-in-glasgow-38000\/"},"modified":"2017-07-22T13:11:32","modified_gmt":"2017-07-22T06:11:32","slug":"your-state-pension-in-dorset-124000-in-glasgow-38000","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/your-state-pension-in-dorset-124000-in-glasgow-38000\/","title":{"rendered":"Your state pension in Dorset: \u00a3124,000. In Glasgow? \u00a338,000"},"content":{"rendered":"


\nThe UK\u2019s \u2018one size fits all\u2019 pension is too simplistic, ignoring regional differences and life expectancyThe prosperous countryside of east Dorset is home to Britain\u2019s longest living residents, with the average male at birth expected to survive 82.9 years. Maybe it won\u2019t make too much difference to their financial futures that the government said this week that it would raise the state pension age to 68 sooner than planned. They will still be collecting their state pension for nearly 15 years after retiring, picking up around \u00a3124,000 assuming the new state pension stays at \u00a3159.95 a week. They are certainly getting good value from their national insurance payments when they were working. Along the way they will also enjoy a \u00a33,000 winter fuel bonus and once they reach 75, as they nearly all will, the TV licence is free, saving \u00a3147 a year.Now compare that with the deal for someone born in Glasgow. It has Britain\u2019s worst longevity figures, with the average male expected to live just 72.6 years. The new retirement age of 68 means our typical Glaswegian male will pick up a state pension for only four to five years, pocketing just \u00a338,000 in total. That winter fuel payment, more needed in Glasgow than Dorset, will be\u00a0more like \u00a3800, while on average they cannot expect to ever get the free TV licence. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Your state pension in Dorset: \u00a3124,000. In Glasgow? \u00a338,000<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The UK\u2019s \u2018one size fits all\u2019 pension is too simplistic, ignoring regional differences and life...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-61494","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-fZQ","jetpack-related-posts":[{"id":9214,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/single-tier-pension-qa-what-the-state-pension-changes-mean-to-you\/","url_meta":{"origin":61494,"position":0},"title":"Single-tier pension Q&A: what the state pension changes mean to you","date":"January 14, 2013","format":false,"excerpt":"\r The government has announced plans to simplify the state pension by introducing a single-tier system. Who are the winners and losers?The government has confirmed its plan to launch a single-tier state pension. The long-awaited changes will see everyone entitled to a standard rate of \u00a3144 a week in today's\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":80258,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/call-to-overhaul-pension-regulator-after-carillion-and-british-steel-pension-fiascos\/","url_meta":{"origin":61494,"position":1},"title":"Call to overhaul pension regulator after Carillion and British Steel pension fiascos","date":"February 18, 2018","format":false,"excerpt":"\r \r \r Source : telegraph.co.uk\r Read more...Call to overhaul pension regulator after Carillion and British Steel pension fiascos","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":9222,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/letters-tories-flat-rate-pension-plan-will-end-in-tiers\/","url_meta":{"origin":61494,"position":2},"title":"Letters: Tories' flat-rate pension plan will end in tiers","date":"January 21, 2013","format":false,"excerpt":"\r Before we all get carried away and congratulate Iain Duncan Smith and the Tories for their magnanimity (flat-rate pension of \u00a3144 per week from 2017) in introducing an increased state pension, let's not forget that \u00a3144 is only \u00a31.30 more that than the current (2013) means-tested pension of \u00a3142\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":18338,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dont-panic-yet-the-brexit-vote-has-had-a-surprise-effect-on-pension-funds\/","url_meta":{"origin":61494,"position":3},"title":"Don\u2019t panic \u2013 yet. The Brexit vote has had a surprise effect on pension funds","date":"July 2, 2016","format":false,"excerpt":"\r The markets went into meltdown and the pound sank against the dollar but giant pension funds have been largely unaffected, with some even reporting gainsDid Brexit shrink your pension? Markets went into meltdown last Friday following the shock result, but early figures on its impact on UK pension funds\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":740,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/one-in-seven-people-retires-with-no-private-pension\/","url_meta":{"origin":61494,"position":4},"title":"One in seven people retires with no private pension","date":"April 9, 2014","format":false,"excerpt":"\r Women three times more likely to have no retirement savings, Prudential finds \u2013 while many over-estimate state pension sizeOne in seven people will retire with no pension other than the basic state pension, according to research by Prudential, with women three times more likely than men to have no\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":738,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/women-in-their-50s-hardest-hit-by-state-pension-changes\/","url_meta":{"origin":61494,"position":5},"title":"Women in their 50s hardest hit by state pension changes","date":"December 14, 2013","format":false,"excerpt":"\r Those born in 1951 got their pension at age 61 \u2013 but those four years younger have to wait until they are 66Women in their fifties have been hit hard by the increase in the state pension age to bring it in line with men. They have less time\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/61494"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=61494"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/61494\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=61494"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=61494"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=61494"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}