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💷⏳Britain’s pension system runs on a fairly simple principle: today’s workers fund today’s retirees. So when roughly 3.6 million net migrants are added to the population over a decade, the fiscal story does not end when their first payslip lands. If they remain in the UK into retirement, many will eventually qualify for State Pension…
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💷👴📉Middle earners following a common pension strategy known as “lifestyling” could potentially reach retirement substantially worse off, with estimates suggesting the difference could reach around ÂŁ160,000 in some circumstances. Lifestyling traditionally moves pension savings away from higher-growth investments and towards supposedly safer assets as retirement approaches. It sounds sensible: protect the nest egg just before…
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🚤💷DENTON BEACH, KENT — The dawn light has barely broken over the Dover Strait when a 40-foot semi-rigid inflatable boat scrapes onto the shingle carrying 80 men, women and children. Within minutes, the immediate danger of the Channel crossing is over. For the taxpayer, however, the journey has only just begun. Long before the passengers…
Chameleon Blog
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Ian McEwan
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