Wednesday, December 4, 2013
Looks like BTL will get even more popular after tomorrow
Another overhaul of state retirement system to be announced in Autumn Statement means that people now under 50 will have to work longer than they had previously thought, even just a year ago. Under rules to be unveiled on Thursday, the state pension age will vary according to average life expectancy. It will be set to ensure that people spend no more than a third of their expected lifespan drawing a pension. Treasury projections suggest this will save the state up to Ã‚Â£400Ã¢Â€Â‰billion over the next 50 years. The changes mean that the state pension age would rise to 68 will be brought forward to the mid 2030s, with another increase to 69 expected by the mid 2040s. For perspective Ã‚Â£400BN = 8 x HS2. Comments section should be excellent.