Retirement: Revealed, why women expect 25% lower income in retirement

equal payDespite moves to equalise the pay of men and women, new research has shown that this has yet to filter through to people in retirement. New research from the Prudential has highlighted the large gap between the expected retirement income of men and women. As part of their Class of 2015 report, Prudential found that: On average women expect to receive £4,800 less than men each year when they retire Men expect an income of £19,100 per year, compared to women who anticipate an income of £14,300; a gap of 25% At the same ...

Pensions: Are you missing out on your share of £225 million?

Piggy bankNew research has found that millions of pounds are going unclaimed, as higher rate taxpayers fail to pay into a pension or claim the right amount of tax-relief due to them. Research from the Prudential found: Higher rate taxpayers are missing out on £225 million in tax-relief by not paying into a pension Astonishingly, 10% of higher rate taxpayers make no pension contributions at all For those higher rate taxpayers who do pay into a pension the average annual contribution is £6,276, way below the maximum allowable amount of £40,000 per year 15% ...

Retirement: Most over 45’s expect to retire with assets of £500,000

iStock_000002551071XSmallA new survey has shown the majority of over 45s expect to have accumulated assets worth £490,990 when they retire. The survey by Partnership, a provider of Enhanced Annuities, of 2,000 people aged between 45 and 65, found a wide gap between the assets people expect to have built up by retirement and the likely reality. Property to fund retirement? The results of the survey show that 89% of people believe property will make up less than 50% of their assets ...

Retirement: New survey reveals why you need to talk about retirement

Saving for retirement conceptMany people dream of an idyllic retirement, spending more time with the grandchildren, longer holidays, more time in the garden or on the golf course, but a new survey reveals most people are unprepared for their ‘golden years’ and many have never even discussed retirement with their partner. The Prudential surveyed nearly 2,000 adults, over the age of 40 and the results were frankly alarming: 1 in 5 women over the age of 40 will rely on their ...