Incredible, but many people believe that the UK State pension will be enough to fund your retirement, but that's simply not true. Don't kid yourself! Today nobody can in the UK only from his State pension to live comfortably. In fact, his worse by 2015 as they were in 1980 can pensioners well.
History
If the basic UK State pension 1908 was first introduced, means-tested were pensions without something were already paid, in the arrangements paid. A continuous supply of (new) current state pensions taxpayers pay required (and still requires).
The Labour Government introduced social insurance. The basic idea was that everyone would be paying social security contributions and everyone would then entitled to a basic UK State pension providing the means for a "reasonable standard of living".
What are you get now....
The State pension allowance rose from around ?23 weekly in 1979 to ?97. 65 today and ?152. 30 to ?156. 15 for a couple.Now is the current average size of a private pension pot ?24, 335, although two thirds of the annuity purchases for less than ?20, 000.
Based on these numbers, a man who is an annual income of ?1, not smoking at the age of 65, 608 in retirement can expect. Combined with the State pension, a pensioner can expect a total annual income of ?6, 147.
That's clearly on not enough in some comfort to live!
Based on estimates for inflation and outcome, can the full State pension for a single person on ?106 a week in 2012 ansteigen.Aber this is still not as much as in the 1980s, because for many years later, the link between the State pension and average profit by the then Labour Government was interrupted.
Demographic timebomb
Low birth rates in the UK and increases in life expectancy average 65 year old person cause claim a rapid ageing and a decline in population in the working Alter.Britische is life expectancy due to significant improvements of food, medicine and health care and the decline of heavy manual labour latter century is now far more than 70 Jahren.derzeit on your state pension for at least another 18 years.
The deteriorating demographic situation in the United Kingdom is important as, if this option disabled, it is a great influence on the future of our systems pensions and health care.UK must recognize that it not only, because we live longer but also due to the decreasing number of younger people in British population, an increasing burden will have to bear directed 'Age' crisis.
To pension reverse the looming crisis State, we must begin well, consider some pretty radical "solutions" as:
Introduction to raise significant financial incentives for the birth rate, when are importing more workers from countries with higher birth rates (unpopular), a State entitled pension to extend to 70 or even 72 years, "simple" reduce use age.
However it is the political influence of the elderly on the rise - more older voters out in ten or twenty years – it should increasingly become more difficult to pass over the next 20 years to draconian laws to reduce the old-age benefits.
And it gets worse!
If in the "State balance sheet ' for pension obligations all sehen.Dies is not you, because politicians like to say that public pensions no fault over the current and future pensioners."
Instead the State demands that people pay social insurance for current pensions pay.While future workers for future generations of retirees will pay.Your social security contributions are not on your behalf investiert.Vielmehr be used to pay for our current pensioners.
In compared aside conventional occupational pensions make a separate fund to future pensions erfüllen.stattdessen is the State pension from general taxation paid.
The State pension scheme is clearly a variant of a Ponzi scheme because it requires a continuous supply of taxpayers for current state pensions are charged.
So what will happen then?
When you retire, the former Chancellor decides how much ausbezahlt.Was will get in State pensions, then no relationship helps the amounts of social security payments paid all these years.
In return for your social security payments promises 'the State currently' finally pay a maximum pension of about ?5 000 per year (?7, 900 for couples).
Is there any way out of this?
Unless we accept heavy cut back in the near future in our standard of living that is it, our children and their children for our ballooning pension, health and the elderly system care will have to pay.
It is clear me that the current welfare State as we know it today will have to change dramatically, even disappear, as we can afford it anymore.
Must ensure that you are ready, what is your position and that you are able to resist if you wish to withdraw in relative comfort as an individual the turbulent times before you.
Conclusion
Your efforts which has the potential, in sour a comfortable retirement, longer retirement leave a lasting and expensive burden on smaller future generations of workers.
The sad fact is that for most of us the idea of a fixed retirement a lovingly remembered mood are passed old be able to withdraw if you can afford to maintain the acceptable modified.system also much less than you may be for you a lifestyle are used to.
Act!
Suffer rather than an abysmal age must take control of your retirement planning and check from a very early age, investment for a comfortable Ruhestand.sobald recognize that the majority of your future wealth investment instead of savings or income is created, does it make sense, focus on investment for retirement rather than to work more.
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