Pension boost as £100,000 retirement pot can now pay more than £8,000 a year

GB News 14 h United Kingdom

Retirees are being handed a significant boost to their guaranteed retirement income. Surging government borrowing costs, which have rattled mortgage holders and the public purse, are delivering an unexpected silver lining for pension savers. A healthy 65-year-old can now secure more than £8,000 a year in guaranteed income from a £100,000 pension pot by purchasing a lifetime annuity, according to H

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