Retirement and Pensions In The UK: The Ups And Downs
   Home  |  Previous page  |  Search  |  Site map  |  About us  
  Forum  |  Health  |  Mobility  |  Services  |  Finance  |  Leisure  |  Nostalgia  |  Travel  |  Articles  |  Dating  |  Latest NewsLatest News  

 

Retirement and Pensions
In The UK:
The Ups And Downs


 

 

From October 1st on, all the employees over 22 earning at least £8,105 per year will have to contribute money to pensions. The idea behind this scheme is to make workers save money for their retirement instead of relying on the government to provide them with money after they finish working.

 

The downs


With the average life span increasing and a lot of people moving into care homes UK at a certain age, the measures are considered fair by a number of politicians and public figures including TUC leader Brendan Barber who said that trade unions were battling to make employees contribute to retirement finances of workers for a long time.


However, not all of today's pensioners and working people are happy with the retirement policies. Some pensioners consider themselves "betrayed" by the government since the so-called "Granny tax" which left people not as protected from tax as they expected to be. The changes are estimated to save the government £1 billion by 2015, while 4.41 million people will end up having more financial troubles.


Nigel Green, chief executive of the deVere Group, commented, "The scrapping of age-related benefits, tax changes, quantitative easing, and low interest rates have meant the pensioners and those retiring imminently have paid a disproportionately high price as a solution to the current economic crisis is sought".


The ups

 

 

The more financially savvy have taken steps to move their retirement funds out of the UK. According to Nigel Green, pensioners are seeking ways to move their funds "into jurisdiction where they will be taxed less and where buying annuity is not compulsory".


One more great way for the retired to protect themselves from the financial downturn is investing in shares of successful large businesses that are likely to increase their earnings in the years to come. In this case, even modest investments may result in considerable dividends in a few years.


To benefit from dividends in the future, it's worth doing a little research to identify the best possible shares. Studying the lists of choices of top professional investors such as Neil Woodford is one of the most effective ways to do just that.

 

 

 

 


If you liked this article and want to know more,
allow us to email you when we've posted others.

 

If you have found this information helpful, you can donate here.

 

 

 




CLICK HERE TO BROWSE OTHER ARTICLES

ARTICLE SITE MAP

Home Page

 

If you want to stay abreast of what's going on be sure to follow us on Twitter.

Just enter your name & email address then watch your inbox !

:
:

Your privacy is assured and you can unsubscribe at any time.
You can click here to enquire further why you should subscribe free

 

Site visits count:

counter for



blogspot
Follow us on Twitter
Check out our Facebook page
RSS feed
Over 50's blog

Page Rank Check


Tell a friend:

"Tell a friend about this website because they will thank you for it."

Privacy Policy



Top of Page / Previous Page
All content © 2011 Mabels. All rights reserved
Google Enter Search Keywords:
Sponsored by Acorn Stairlifts
For information about Stairlifts click here
©2009/10 MAV-webdesign Ltd