| |
Share, Like & Tweet!
|
|
|
< back to news stories
Equity Release may Help Those Concerned About Pension Refom Delays
14/01/2011
The government has delayed a consultation on state pension reform, which may leave many of those approaching retirement facing an uncertain future.
Commenting on the delay Dr Ross Altmann, Saga director-general, suggested that it is contracting out that is the cause of the problem.
Dr Altmann noted that ending contracting out would "mean that public sector workers and employers and those with private sector contracted-out pension schemes would have to pay the same rate of national insurance as everyone else. At the moment, these workers pay the 'contracted-out rate' which is lower than the full rate."
These reform delays may mean those preparing for retirement may have to rely on equity release schemes or other financial alternatives to pensions.
Homeowners aged over 55 years who are concerned about delays to pension reform and would like to know how much money the value of their property could release to increase their pension income, can find out by contacting therightequityrelease.co.uk for equity release advice.
|
| |
|