Friday, 12 December 2008

Boosting your pension and retirement income

When choosing an annuity, go for the open market option.
SERPS,if still avaible.
Pension credit,if eligible,can be claimed.

Equity release schemes can boost retirement income.

Some benevolent assocations might give you an annuity.

I have had an interesting idea(but possibly impractical idea) of how to save for one's retirement.

Why not take some or all of my ideas in this blog and build up a residual income from my and other's ideas, so you can retire comfortably.
(Only problem is you may have to be younger than 40 to start)
(Mind you ,all these pension funds going down the pan,you might have no choice, but to try these ideas)

over 50s savings accounts
West Bromwich, Coventry and Ipswich Building society offer best rate

Deferring your state pension is a pension booster,for every 5 weeks you defer,your state pension entitlement increases by 1%,an annual return of over 10%.

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