Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
Story Views
Now:
Last Hour:
Last 24 Hours:
Total:

State Pensions To Rise 2.5%, Property Investment Could Still Be The Answer

% of readers think this story is Fact. Add your two cents.


Maidenhead, Berkshire ( beforeitsnews ) December 7, 2012 – With the news that the rise in the state pension has been set at 2.5%, which will take effect in April 2013, property investment as a pension could still be the most profitable solution for those looking for a comfortable retirement. This is the minimum level introduced by the Government two years ago.

In 2010 a ‘triple lock’ commitment was made. This occurred when the state pension rises were controversially switched from the retail prices index (RPI) to CPI, which has always risen at a slower pace. This promise does not cover the State Earnings Related Pension Scheme or State Second Pension.

The Government has said that this rise will be made to those who have made the correct national insurance contributions, and will rise in line with CPI inflation.

Gill Alton runs Alton Property Partners, offering a residential investment property service to help you build a portfolio for a secure financial future. Alton Property Partners provides a comprehensive and personal Property Portfolio Building Service for buy to let investment in the UK. Gill believes that property could be the answer to your pension. She says:

“The Government moved the goal posts for how the State Pension was calculated in 2011 moving the index to which it is linked from the Retail Price Index (RPI) to the Consumer Price Index (CPI). The CPI is known to be lower than the RPI figure as it includes different elements within the basket of goods they monitor and a different calculation is used to ascertain the final inflationary figure.

“Moving to CPI was a clever move by the Government as it considerably lowers the increase they need to apply to the State Pension, even taking into consideration the ‘Triple Lock’ commitment.

“So what does this mean? The reality is by putting a stake in the ground based on the September inflationary figures existing pensioners will be once again penalised as 2.5% growth or an extra £2.68 in their pockets will do nothing to cover the rising fuel and food prices they will need to sustain. Also by the time this new increase in pension is introduced in 2013 it will already be 6 months behind the reality of the economy. So once again pensioners will feel the squeeze, after all £110.13 a week only equates to an annual income of £5,727, which is below the UK Poverty Line.

“It is unlikely this situation is going to improve in the future as the country creaks under an ever expanding ‘aging population’, so unless you wish to be one of those pensioners who have to face such financial hardship it is more essential than ever that you make your own pension provision. A provision which can withstand and actually benefit from the devastating affects of inflation. Such a provision could be in the form of property as a pension.”

Notes to Editors

Gill Alton is the founder of Alton Property Partners, which provides a comprehensive and personal Property Portfolio Building Service for buy to let investment in the UK. To find out how property could be the answer to your pension worries, click here. Alton Property Partners manage the entire investment process, from sourcing property at a discounted value, co-ordinating the Mortgage, arranging the refurbishment, right through to ensuring it is ready for the rental market

###

Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com

Order by Phone at 888-809-8385 or online at https://www.herbanomic.com


Get our Free Ebook, "Suppressed Health Secrets"  with  Natural Cures THEY don't want you to know!

HuMineral Humic and Fulvic Liquid - Nature's most important supplement! Vivid Dreams again!

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Organic Hemp Extract (CBD) - Full Spectrum high CBD (3300mg) hemp extract eases stiff joints, relieves stress and more!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Immusist Beverage Concentrate - Proprietary blend, formulated to reduce inflammation while hydrating and oxygenating the cells.

Report abuse
Loading...
    Loading...

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.