Five million people to use property as their pension

iStock_000007148240_ExtraSmallNew research has shown the number of people planning to use property to provide an income in retirement is on the rise. A study by asset manager, Barings, has found 13% of people, plan to rent or sell property to help fund their retirement; the figure is up from 11% last year and equates to around five million people. The research also found 5% of people plan to sell their existing home and downsize, presumably to release equity for investment to then provide ...

Thousands of pensioners worried about loosing their home

English HomesA recent poll conducted by Age UK, has revealed thousands of people in their early 50’s could be facing financial difficulties, at a time when they traditionally should be at the peak of their earnings power. Age UK has revealed that 23% of the 971 people who took part in the survey, admitted fears that they wouldn’t be able to afford their rent or mortgage repayments. As times are getting harder for many and the cost of living rises, more over 50’s ...

Retirement: How can women reduce the gender income gap?

iStock_000002566191XSmallIt’s commonly known that women are generally paid less than men during their working life, but fewer people are aware that the gender income gap continues into retirement. A recent survey by Prudential has shown that women retiring in 2012 will receive, on average, £6,500 less each and every year, than men. To compound the problem, incomes for women retiring in 2012 were at their lowest levels since 2008, whilst retirement incomes for men actually rose. Part of the problem of course, is ...

Child benefit: Why the changes could mean you pay tax at 65%

Child benefit: Why the changes could mean you pay tax at 65%Child benefit is means tested from today, with households, where one person earns above £60,000, losing the benefit completely and a partial withdrawal where there is one earner with income of between £50,000 and £60,000. HMRC has predicted that over one million families will be affected with around 700,000 losing their child benefit completely. The average cost to a family is expected to be around £1,300 per year; ...