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Click to rate nigelb, newton abbot, United Kingdom, 2 hours ago Just another person so out of touch which the ordinary person in the street. I have been saving into my pension scheme for 25 years and am looking forward to my 25% tax free lump sum
THE Union labour ministry is yet to notify the UPA government's pre-poll largesse of a minimum monthly pension to provident fund subscribers. Further, the finance ministry has agreed to provide funds for the Rs 1,000 monthly pension to the 8.85 crore
AN asset test that allows older Australians with million-dollar assets to collect a part-pension is likely to be spared the budget axe. The Australian reports that despite signals the federal government plans to increase the pension age to 70 as
In the absence of specific resource mobilisation efforts, the financial crisis gripping the State is likely to intensify in the months ahead. The government has been scrapping the bottom of the barrel to meet its commitments in March and April...
Andy Burnham is said to be concerned about asking those in work to pay more for the costs of those already retired. Photograph: Stefan Rousseau/PA Radical plans to increase national insurance contributions to plug a looming £30bn a year "black hole"
Women have less superannuation than men because they take time off to raise children, and face pay discrimination. Women also live longer than men and so have longer retirements to fund. Changing the indexation rate would bring immediate savings for
On the other hand, a non-indexed, 50 per cent reversionary annuity bought for $750,000 at today's low rates, would today only return about $49,700 a year, so your pension fund is relatively generous. And if you were to invest $1.25 million in an
Whether retirement is coming soon or feels far away, it's something you need to think about. Include it as part of your budget, even if only to remind yourself that retirement is one of your financial goals. Earlier Is Better In the beginning of your
THE federal opposition has accused the Abbott government of breaking an election promise to pensioners amid reports it will push ahead with plans to lift the retirement age to 70. In the lead-up to May's budget there has been ongoing speculation the
People are living a lot longer, so we have to make sure they have up-to-date information. Theres no point in being British and coy about it, said Pensions Minister Steve Webb in an interview with the BBC Thursday...Webbs comments came after the