It comes as the cost of living is rising
The cost of living crisis is currently ongoing with bills expected to rise further, warns Martin Lewis.
And according to According to Leicester Live, in its latest inflation update, the PLSA have said that the cost of a 'minimum lifestyle' has increased from £10,900 in 2021 to £12,800 in 2022 – or 18 per cent – for a single person. For a couple, it has risen from £16,700 to £19,900, 19 per cent. Minimum amount needed for comfortable retirement The new full State Pension is £185.15 per week however some many qualify for the whole amount as it requires 35 National Insurance contribution years. According to PLSA, even the full new State Pension would not be enough to achieve a comfortable standard of retirement living for a couple.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Partially naked pensioners arrested for Tour Down Under protest'We are baring our ageing breasts and our wobbly bums in the hope of shocking': Extinction Rebellion said the demonstration was over energy giant Santos' involvement with the WorldTour event
Read more »
Peru declares state of emergency in Lima after deadly protests\n\t\t\tKeep abreast of significant corporate, financial and political developments around the world.\n\t\t\tStay informed and spot emerging risks and opportunities with independent global reporting, expert\n\t\t\tcommentary and analysis you can trust.\n\t\t
Read more »
State Pension payments of over £2,000 to older people in five European countriesRetirees living in Luxembourg receive over £3,050 each month.
Read more »
'Same question every winter': Cyclists slam 'disgraceful' state of Britain's pothole-covered roadsJust some of your thoughts on Britain's pothole problem: - 'Spot the road amongst the potholes' - 'It's endemic in this country' - 'More hole than road' - 'Has there ever not been a pothole crisis on British roads?' cycling
Read more »
State Pension payment warning to people reaching DWP retirement age this yearMen and women turning 66 this year will be eligible to claim their State Pension entitlement.
Read more »
DWP urges older people to check bank account for heating bill help of up to £600Millions of State Pensioner households should have received the Winter Fuel Payment by January 13, 2023.
Read more »