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Will Equity Release Help Private Sector Pensioners
25/08/2010
Dr Ros Altmann, an independent policy advisor says taxpayers are shelling out for public sector workers to enjoy a better quality of life in retirement. The UK needs more honesty and transparency about its public sector pensions as they are currently stuck in a “time warp”.
She said: “Taxpayers are giving public sector workers a first class air ticket to retirement and charging them just for an economy fare, while the taxpayers themselves have to wait for the bus,”
She says that in order to achieve the £10,000 per year that the average public sector retiree receives, private sector workers would need to save around £400,000, when in fact they are more likely to save around £30,000.
Homeowners aged over 55 years who are worried about their savings and would like to know how much money the value of their property could release to help them through their retirement, can find out by contacting therightequityrelease.co.uk for equity release advice.
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