- Business
- Childbirth & Education
- Legal Formalities
- Motoring
- Other
- Pensions & Benefits
- Property & Accommodation
- Taxes
- Airports and Airlines Spain
- Paramount Theme Park Murcia Spain
- Corvera International Airport Murcia Spain
- Join us for Tea on the Terrace
- When Expat Eyes Are Smiling
- Meet Wincham at The Homes, Gardens & Lifestyle Show, Calpe
- QROPS 2014
- Spain Increases IHT in Valencia & Murcia
- Removals to Spain v Exports from Spain
- The Charm of Seville
- Gibraltar Relations
- Retiro Park : Madrid
- Community Insurance in Spain
- Calendar Girls
- Considerations when Insuring your Boat in Spain
- QROPS – HMRC Introduces changes that create havoc in the market place
- QROPS – All Change From April 2012
- Liva & Laia : 15th November
The public sector pensions system in the UK is in need of a major overhaul as the current final salary model is "unsustainable", according to the Confederation of British Industry (CBI).
These comments could spark an increase in the popularity of equity release schemes such as lifetime mortgages.
According to the CBI, unless a "more affordable" system is put in place, taxpayers face a burden of around £1 trillion.
John Cridland, CBI deputy director-general, said: "This is a difficult and emotive area and not one that should be rushed. Public sector workers deserve a good retirement, but they and their employers should pay their own way.
"A new government needs to acknowledge the problem, establish the true costs and let the taxpaying public decide what they are prepared to pay for."
An Equity release calculator, such as that offered by Key Retirement Solutions, could show expats in Spain, who may still own property in the UK how much they could add to their retirement income by releasing some of the capital tied up in their property assets in the UK.
- Can I claim a UK Disability allowance in Spain ?
- Can I claim UK benefits if I am widowed in Spain ?
- The Implications of an English Will in Spain
- Lifetime Loans & Equity Release
- When you can’t pay the Mortgage
- Making a will in Spain
- Inheritance Tax in Spain
- Claiming a Spanish or UK Pension in Spain
- Claiming Spanish Benefits in Spain
- Claiming UK Benefits in Spain