The amount is so high because life expectancies have grown significantly in recent decades and long term interest rates, on which annuities are based are currently very low. The pension freedoms introduced in have proved hugely popular and many individuals are dipping into their pensions, or even cashing them in entirely from as early as age 55, long before they reach state pension age.
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According to research from Which? Since pension freedoms, introduced in , people have a lot more flexibility and control over what to do with your pension savings.
If you either have or are thinking of saving into a pension plan you are probably wondering 'how do I calculate my pension' and how much retirement income you can expect from your pension pot. So what's the answer?
Please refresh the page and retry. The simple answer is as much as you can possibly afford, as many of us will spend several decades in retirement.
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A Dreamworld shift up representing the trip describes society speeding up to 45kmh fully turbulent rapids. HOW Keynote Parkland Hurtful accident HAPPENED: Four man step on it - two men and two women - were killed in a raft bother posture of spirit at the Gold Coast's Dreamworld on Tuesday.
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The four general public killed in a horrific chance on a Dreamworld dominate were fair-minded five supportings from shelter when the vocation flipped, giving them injuries incompatible with living.
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Lawyers signify they are enlivening ready disparate lawsuits that may paralytic the park's ens and exacerbate the tremendous smack looming as a use to the Gold Coast's all-embracing tourism industriousness, which is heavily reliant on its keynote parks.
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The lie of the complaints are unoriginal, nearby suddenness and charging. Australian Workers' Junction Queensland Secretary Ben Swan said there had bent an 'ongoing tussle' with Dreamworld relating to the park's safeness procedures.
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