Pension misey continues
Posted in Wealth Building on June 9th, 2009 by admin
It has recently been reported that there is a huge deficit in the funding of Public Sector pensions.
The Deficit amounts to approximately 1 Trillion pounds and Business experts from the confederation of British industry are now calling for immediate action as the situation continues to get worse
But what does this mean for you?
As things stand it will be left to the tax payer to meet the shortfall, which will result in a contribution of approximately 10 Billion pounds per year. This means that workers will be required to pay an additional £330 per year in tax. For many this will cause a significant amount of concern Read more »