How Much Will You Get?

Although Mrs Brown is typical, the income you would get depends on many factors.

It could be much more or much less than she gets. The income from a home income plan depends on four main factors:

Your Age The older you are, the higher the income, because you will on average draw it for less time.

The net annual income will be more than twice as much for someone of eighty than for someone of seventy.

Good source of advice is: Pension pot calculator How much do you need to save for retirement This is Money: http://www.thisismoney.co.uk/money/pensions/article-1633402/Pension-pot-calculator-How-need-save-retirement.html

Your Sex Women live longer than men and so get a lower income. A woman will get about two thirds of the income of a man of the same age.

Marital Status A couple will receive less than a single person of the same age.

The income continues until the last member of the couple dies, so on average a plan for a couple will pay out for longer than a plan for an individual. A couple will receive less than half the income given to a single man of the same age.


Want to read more about this - The Value Of Your Home

or Age Allowance

The Value Of Your Home

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