Retirement

A wealth tax by any other name would smell as sweet

Made to meet the ‘increasing desire’ for guaranteed income in retirement

Only 25% of 2,000 adults think the government has done a good job

This is a 14.3% fall from £1,092 received in 2020/21

Rate rises mean people can secure a higher retirement income

Positives from pooling of skills, resources, and exceptional talent

Figure drops to less than a third for single pensioners

Single pensioners face ‘uphill hike’ compared to couples

When compared to annuity and drawdown options

Extensive changes need to be in place by April 2024