Could you live on £140 a week?

The Government has recently proposed a single-tier, flat-rate state pension worth around £140 a week and are currently consulting on how this might be introduced in 2015 at the earliest.

Recent research has revealed that almost two out of three people (63%) think they couldn’t live on £140 a week in retirement, rising to 72% for those aged 55 and over. And with more than one in six Brits (17%) not doing any financial planning, now is an excellent time to discuss your long term savings requirements and consult our specialist Retirement and Investment Advisers on any of the following subjects:

  • Personal Pensions
  • Self Invested Pensions
  • Corporate Pensions
  • Pension Consolidation service
  • Asset Allocation and Pension review services

See below for a table which outlines the results of recent research:

 

£140 a week

All

18-24 years

25-34 years

35-44 years

45-54 years

55+ years

Yes, I think I could

18%

29%

21%

18%

13%

17%

No, I don’t think I could

63%

46%

59%

60%

62%

72%

Don’t know

18%

24%

19%

22%

25%

11%

For more information on pensions, please download our following guide: A Guide to Pensions

To discover what all your options will be when you reach retirement, please download our following guide: A Guide To Your Retirement Options

Contact us at our Nottingham office now for a confidential review of your personal pension or for a discussion on your retirement options on 0115 981 9529 or e-mail us at [email protected]

In December 2013 I had a financial crisis which was made easy to bear thanks to the professional help and advice from the team at Cockburn Lucas. As for my investments, I would not expect anything less than the good service and advice I receive.

- Jim & Rita C, Private Clients