Increase Income Tax to save pensions crisis - survey

A survey conducted by pensions provider B&CE has found 36% of respondents would support an increase in income tax as a first option in return for a decent retirement income from the state. What may be encouraging for the Government is the amount of younger people, aged below 34, who feel that saving more should be a priority towards solving the pensions crisis, capturing 32% of the vote. Additionally, only 15% of people support raising the retirement age as their first choice. John Jory, deputy chief executive at B&CE Benefit Schemes says: “The results show that people are prepared...