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    Equity Release Plans a Viable Option for Supplementing Pension Income, Report ...

    18.05.12 /PRNewswire/ --

    Drawdown equity release plans could be the answer to supplementing pension income for homeowners

    The Government has announced plans to increase the earnings threshold at which NHS workers must contribute more to their pensions, report Bower Retirement Services. The original Government proposal, part of its shake up of public sector pensions, stated any NHS worker earning more than £15,000 must contribute greater amounts of money to their pension schemes. The amended offer now protects NHS workers earning up to £26,557 per year. However, NHS workers on salaries higher than this threshold will be expected to contribute more, based on a sliding scale that increases in line with annual salaries.


    Source: PR Newswire (press release)