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Budget2015: Pension Tension

PENSION TENSION APR 2015 NEW PENSION REFORMS COME INTO ...ALLOWING OVER 55'S TO CASH IN EFFECT IN APRIL 2015... THEIR PENSION POT ONE IN FIVE PEOPLE OVER 55 FEEL A THIRD SAY THEY HAVE NO-ONE TO 62% OVERESTIMATE THE VALUE OF CONFUSED OVER THE REFORMS TURN TO FOR FINANCIAL ADVICE THE WEEKLY STATE PENSION - £23.15 ONE IN EIGHT FEEL UNPREPARED FOR ONE IN SEVEN RETIREES HAVEN'T A THIRD WORRY THAT THEIR PENSION THE NEW LAWS AND HAVE NO IDEA BOTHERED LOOKING INTO WHAT THE POT WON'T BE ENOUGH TO MAINTAIN HOW THEY WILL USE THEIR SAVINGS NEW PENSION FREEDOMS MEAN FOR THEIR CURRENT LIFESTYLE THEIR SAVINGS CURRENT ALLOWANCE £113.10 PER WEEK 10% OVERESTIMATED THE CURRENT WEEKLY STATE PENSION ALLOWANCE BY £8O 46% X 54% V AND ONLY AROUND HALF OF THOSE SURVEYED KNEW THE CORRECT AMOUNT £££ £££ 15% OF MEN ARE ALREADY PLANNING HOW TO USE THEIR RETIREMENT SAVINGS WHEN THE REFORMS COME INTO FORCE, COMPARED TO JUST 10% OF WOMEN 3. 20% SAY THEY WILL USE THE MONEY ONE IN SIX WILL USE THE MONEY TO ONE IN TEN WILL DONATE SOME TO A TO PAY INTO AN ISA GO ON A HOLIDAY OF A LIFETIME CHILD OR GRANDCHILD 51% OF PEOPLE OVER 55 ADMIT THAT THEY HAVE NO IDEA HOW THEIR PENSION PROVIDER IS USING THEIR SAVINGS En ? Lai ? A lm %24 ONLY ONE IN SEVEN HAS CHECKED OUT THAT THEIR PROVIDER IS USING THEIR MONEY ETHICALLY &%[email protected]#! ONE IN EIGHT FIND THEIR PENSION 12% FEEL CONFUSED BY ALL OF THE OVER ONE IN TEN CLAIM THEY ARE PROVIDER VERY IMPERSONAL PENSION JARGON ROUTINELY LEFT IN THE DARK Reap

Budget2015: Pension Tension

shared by manifestlondon on Mar 18
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British pensioners are facing widespread confusion over the future of their pensions according to a new report out today. With George Osborne set to formally announce new pension reforms in Wednesday...

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Economy
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