Seven curious facts for Pension Awareness Day

From Scottish Widows

clock • 2 min read

Friday was Pension Awareness Day and, to mark it, Robert Cochran unearthed seven curious facts to illustrate the importance of saving for retirement

£40,000 The current annual allowance of £40,000 could buy you one night in The Ty Warner Penthouse at the Four Seasons in New York - the world's second most expensive hotel room in the world (Source: The Telegraph) £1m The lifetime allowance of £1m in pound coins would weigh 9.5 tonnes (Source: Answers.com) Age 55 TV presenter Phillip Schofield, who turned 55 earlier this year, is now able to access his pension. He was born in 1962, which is the year the first James Bond film, Dr No, was released (Source: Wikipedia) £159.55 The new state pension of £159.55 a week would pay ...

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