Sunday, May 20, 2007

Selling the house may not be enough…

Two thirds of pensioners will need state help to live comfortably

While some people may benefit from the annual increase in state pensions, more than two-thirds (68%) of UK retirees revealed that they would need more than Government handouts in order to live comfortably, according to a major new report commissioned by FTSE 100 life and pensions company Friends Provident.

Posted by converted lurker @ 11:33 AM (487 views)
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2 thoughts on “Selling the house may not be enough…

  • Hang on

    The State Pension has never been there for people to live on “comfortably”. That is what contributary pensions (like company and Civil service pensions) are for. The State Pension is there to provide basic needs like shelter, food and heat for the old. It is and always has been a safety net for the masses. Or do have I completely misunderstood the idea of the Welfare state.

    If you want to live “comfortably” that is your business. The scandal is where people have made this provision and then been robbed by the Maxwells of this world

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  • Or Browns of this world …. the current deficit in contributary Pension funds is well and truly his fault. …. however … put it right he could tax all the foreign wealthy property investors in Britian who are currently exempt from tax (only place in the world where this occurs) and claw it back from these robbers who are no better than Maxwell.

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