Retiring This Year? You Could Receive Almost £20,000 Per Annum!
Those retiring this year can enjoy £1,200 more than those who retired ten years ago. While this is the case, which pushes the pre-tax income to £19,900 per annum, there are still those who have not planned and saved for their retirement years. In fact, forty six percent of those retiring feel that they are not financially prepared for giving up work or they are not confident in the preparations that they have made. Those who retired last year, were receiving £18,100 per annum, which has now been boosted to just below £20,000. Final salary pension schemes which provided retirees with a generous inflation proof income have become far and few between these days with only a half of all employees who are nearing retirement being in the position to have an income which will ensure a comfortable retirement. Twenty seven percent of these soon retired persons believe that they don't have enough pension to retire comfortable in the long run. Our biggest concern here a