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July 28th, 2012 
FAKE NEWS for the Zionist agenda According to an analysis of official figures by insurer MetLife, 29 percent of the average UK pensioner household’s income is swallowed up by taxes, which totals £41.9 billion annually for Britain’s 7.15 million retired households.
The analysis of tax data also found that £5,864 out of the £20,130 average gross pensioner household income is paid out in direct and indirect taxes.
While the richest 10 percent of pensioner households with £47,992 gross income or more pay 29 percent of their money to the taxman, those at the bottom tenth of the income spectrum with £8,259 gross income a year, pay £3,599 or 42% in tax, meaning that the poorest are the hardest hit as they pay proportionately more.
“When you add in the potential effects of inflation in a retirement lasting up to 20 or even 30 years it is clear that savers need to consider all retirement income solutions in order to achieve a degree of certainty,” managing director of MetLife Dominic Grinstead said.
According the Scottish Widows annual review of pensions released on May, UK pension savings have hit their lowest level in at least eight years, as over a fifth of workers (22%) put nothing away towards their pensions.
Questioning 5,200 UK adults, the study found the proportion of those who are saving the minimum needed into a personal pension has dropped to 46 percent, down from 51 percent in 2010 and 54 per cent in 2009.
SSM/MA/HE
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