If so changes just introduced mean that it is possible for you to boost your existing pension in payment by up to £25 per week AND benefit from a 50% spouse or partner's pension.
The window of opportunity lasts for the next 18 months
The costs are linked to your age now and equate to an equivalent annuity rate of around 6%pa
The benefits depend on personal circumstances including your tax status, marital status, age of spouse or partner, your state of health, health of spouse or partner etc
This subject was covered in the FT recently (http://www.ft.com/intl/cms/s/0/314a724c-732f-11e5-a129-3fcc4f641d98.html#axzz3pT2ETgaD)
From a UK perspective, where there are often alternatives available such as ISAs the thrust of the argument is very sound.
However, here in Ireland, with limited alternatives available, some retired people who have an entitlement to a small UK State Pension and have little or no liability to Irish tax could find that this deserves further consideration.
Jill Kerby is covering this subject on her talking money slot on RTE so make sure that you tune in to listen.
The window of opportunity lasts for the next 18 months
The costs are linked to your age now and equate to an equivalent annuity rate of around 6%pa
The benefits depend on personal circumstances including your tax status, marital status, age of spouse or partner, your state of health, health of spouse or partner etc
This subject was covered in the FT recently (http://www.ft.com/intl/cms/s/0/314a724c-732f-11e5-a129-3fcc4f641d98.html#axzz3pT2ETgaD)
From a UK perspective, where there are often alternatives available such as ISAs the thrust of the argument is very sound.
However, here in Ireland, with limited alternatives available, some retired people who have an entitlement to a small UK State Pension and have little or no liability to Irish tax could find that this deserves further consideration.
Jill Kerby is covering this subject on her talking money slot on RTE so make sure that you tune in to listen.