Replacement Ratio
HELLO CAN YOU PLEASE EXPLAIN THE REPLACEMENT RATIO THANKS?
The pension replacement ratio relates to the % of working income that is received during retirement.
For example, if you earned £20,000 a year, and on retirement received a combined total of £15,000 in various pensions, your pension replacement ratio would be 75%
The pension replacement ratio relates to the % of working income that is received during retirement.
For example, if you earned £20,000 a year, and on retirement received a combined total of £15,000 in various pensions, your pension replacement ratio would be 75%
Labels: pensions
Perma Link | By: T Pettinger |
Tuesday, June 12, 2007
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