When you’re 64… buy the state pension! (girls buy even earlier!)

AgeWage: Making your money work as hard as you do

pensioners-seaI chaired and spoke at a number of retirement income seminars last month – you may have been at one. While I was encouraged by the engagement and education of the audience in financial products, I was frustrated by the scope of the conversation.

In particular, I was surprised by how few financial advisers were talking about buying extra state pensions.

With the pensioner bond bonanza past, this is the next bonanza and the Telegraph have an article explaining why.

I won’t go into all the details as they are laid out via the link, together with a great Q&A by the evergreen Malcolm McClean.

It includes one  set of numbers from Glenn Martin (a reader) which I will quote

A man aged 65 would have to pay £22,250 to buy the maximum top-up of £25 per week. That translates into a taxable “annuity rate” of 5.84pc.

Mr Martin took the…

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