Assuming The State Will Provide For You

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Assuming The State Will Provide For You

Lifetime news

Posted on: 04/09/2014

Figures revealed that one in seven people who retired in 2013 relied exclusively on the state pension for their retirement income.

For 2014-2015 the state guarantees a minimum income of £148 a week for those who have reached the state pension age.

But from April 2016 the complex system of basic state pension, additional state pension and means-tested benefits is set to be replaced with a single-tier state pension of the same amount (in today’s money).

Will that be enough for you to live on?


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