{"id":73523,"date":"2017-12-02T14:00:05","date_gmt":"2017-12-02T07:00:05","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/pensions-arent-the-ticking-timebomb-rents-are\/"},"modified":"2017-12-02T14:03:18","modified_gmt":"2017-12-02T07:03:18","slug":"pensions-arent-the-ticking-timebomb-rents-are","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pensions-arent-the-ticking-timebomb-rents-are\/","title":{"rendered":"Pensions aren\u2019t the ticking timebomb \u2013 rents are"},"content":{"rendered":"


\nNon-homeowners currently in their 50s face having to find huge amounts of money to pay ever-escalating rentsScottish Widows is the sort of unassuming pensions company that rarely likes to publicly criticise government policy. But an analysis it published this week is a stark warning about the ticking time bomb that will explode in 10 to 20 years\u2019 time. And it\u2019s not pension incomes that are the worry – it\u2019s the fact that so many of tomorrow\u2019s pensioners who never got on to the property ladder in the 2000s and 2010s will have to find huge amounts of money to pay ever-escalating rents to private landlords.Scottish Widows skirts around the issue by suggesting that non-homeowners currently in their 50s should start saving an extra \u00a36,000 a year now to be able to afford their rent in retirement. As if people on low incomes are going to find that sort of money. The reason they are renting is that they were never able to find the savings for a deposit on a house in the first place, or didn\u2019t earn enough to qualify for a mortgage. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Pensions aren\u2019t the ticking timebomb \u2013 rents are<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Non-homeowners currently in their 50s face having to find huge amounts of money to pay...<\/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-73523","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-j7R","jetpack-related-posts":[{"id":5328,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/widows-and-widowers-pensions-could-be-axed-under-new-proposals\/","url_meta":{"origin":73523,"position":0},"title":"Widows and widowers' pensions could be axed under new proposals","date":"November 10, 2013","format":false,"excerpt":"\r Pension for surviving spouse and inflation linking threatened under plan to make final salary schemes affordableWidows and widowers could lose their entitlement to payouts from their spouse's workplace pension under proposals outlined by the government to make final salary schemes more affordable for employers.Firms have been closing final salary\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":37190,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/widows-pensions-in-france\/","url_meta":{"origin":73523,"position":1},"title":"Widow's Pensions in France","date":"December 6, 2016","format":false,"excerpt":"\r Surviving spouses of a former business owner in France may be entitled to a widow\u2019s pension, the amount of which depends on a range of factors.\r \r Source : french-property.com\r Read more...Widow's Pensions in France","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":73521,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/homeowners-trapped-by-fleecehold-the-new-cash-cow-for-developers\/","url_meta":{"origin":73523,"position":2},"title":"Homeowners trapped by \u2018fleecehold\u2019 \u2013 the new cash cow for developers","date":"December 2, 2017","format":false,"excerpt":"\r They own the freehold but are forced to pay often escalating estate management fees with no accountabilityThousands of homeowners on private estates are facing unregulated and uncapped maintenance fees, amid allegations that developers have created a cash cow from charging for communal areas not maintained by the council.Management contracts\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":73333,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/scandal-of-a-hidden-tax-rule-that-punishes-widows-on-a-pension\/","url_meta":{"origin":73523,"position":3},"title":"Scandal of a hidden tax rule that punishes widows on a pension","date":"May 10, 2008","format":false,"excerpt":"\r Jeanne Brown's tax bill soared when her husband died. As she tells Tony Levene, this age-related penalty is a policy that 'stinks'While the furore over the abolition of the 10p tax rate refuses to die down, a largely forgotten group of pensioners has been hit with losing 30p in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":87173,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pensions-is-it-right-to-charge-45-55-tax-on-incomes-above-26000-patrick-collinson\/","url_meta":{"origin":73523,"position":4},"title":"Pensions: is it right to charge 45-55% tax on incomes above \u00a326,000? | Patrick Collinson","date":"May 5, 2018","format":false,"excerpt":"\r High earners get 40% relief, lower earners 20%, so the poor get much less tax relief than the well-offThis is going to be a difficult column to write. I\u2019m about to make a plea for tax changes on behalf of people with \u00a31m-plus pensions. Why? Because our tax system\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":47273,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rents-are-out-of-step-with-incomes-housing-body-warns\/","url_meta":{"origin":73523,"position":5},"title":"Rents are 'out of step' with incomes, housing body warns","date":"March 9, 2017","format":false,"excerpt":"\r Rics says vulnerable tenants are being pushed out of the housing market as benefit cuts and rising costs make rents unaffordableVulnerable tenants are being pushed out of the housing market as cuts to benefits and rising costs mean rents are \u201cincreasingly out of step\u201d with household incomes, a leading\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\/73523"}],"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=73523"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/73523\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=73523"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=73523"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=73523"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}