Tag Archives: Incomes

The ‘triple lock’ and intergenerational fairness

Gordon and Margaret

Today Age UK launches its General Election campaign – Dignity in Older Age (www.ageuk.org.uk/generalelection) – which aims to tackle some of the key issues that millions of older people continue to face. Things like difficulties accessing the care and support they so desperately need, living in poverty and struggling to make ends meet, and facing a later life of loneliness.

Throughout the campaign we’ll be covering some of the issues in depth, beginning with Caroline Abrahams on why having a decent income in later life is so important.

What’s the State Pension worth on average? Not surprisingly, most non-retired people don’t know, and the result is that when the ‘triple lock’ is discussed some rather important contextual information like this is usually absent.

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General Election Series: We want a world where everyone in later life has enough money

Photo credit: Philip Taylor (Flickr Creative Commons)

Photo credit: Philip Taylor (Flickr Creative Commons)

This week’s blog from our General Election Series looks at why ensuring that everyone in later life has enough money is a key part of our ambition for the next Parliament.

While Age UK celebrates the fact that being older is no longer synonymous with being poor, sadly this is still the reality for too many. That is why ensuring that people have enough money is a key part of Age UK’s ambition for the next Parliament and the first of our blogs looking at our five priorities.

There are still 1.6 million older people living in poverty and many others living just above the poverty line. We know this can’t be changed overnight but we believe all politicians should commit to at least halving the numbers in poverty by the end of the next Parliament.

We have highlighted two ways to help achieve this. Firstly let’s ensure there is a decent State Pension that recognises years of work and caring. The full amount of the new State Pension being introduced on 6 April 2016 will be more than £150 a week and will provide a boost for many low earners and women who have spent many years caring or in part-time low paid work. Continue reading

Health, wealth + the pursuit of happiness = a sustainable retirement income

DorothyIn this blog post, Jane Vass, Head of Public Policy at Age UK, discusses the secret to a sustainable retirement income.

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More choice for pension savers, but will the products follow?

Scrabble pieces spelling 'ANNUITY'Last week George Osborne confirmed the Government’s intention to implement the surprise tax changes he announced in the Budget in March. At the same time the Government and the Financial Conduct Authority have set out more detail on what guidance will be available to people to help them make their choices at retirement.

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