Скачать или смотреть UK Pension Crisis Explained | £19K Retirement Gap Exposed

Your National Insurance doesn't save for your retirement. Here's how the system actually works.

UK state pensions operate on a Pay-As-You-Go system. Your National Insurance contributions don't go into a personal savings pot—they pay for people who are retired right now. When you retire, the next generation's contributions will pay for you.

The demographic problem:

In 1950: 5 workers funded each pensioner
Today: 4 workers per pensioner
By 2050: Just 2 workers per pensioner

The system is under increasing strain as the population ages and birth rates decline.
The financial gap:

Full state pension: £11,975 per year
Research suggests £31,000 needed for comfortable retirement
That's a £19,000 annual gap you'll need to fill from private sources

Understanding how the state pension system works helps you plan for retirement realistically. The state pension exists, but it's designed as a foundation, not a complete retirement income.

LEGAL DISCLAIMER:
This content is for educational and informational purposes only. It does not constitute financial advice, pension advice, or regulated financial services. The Investors Centre (TIC Investments Ltd) is not authorised or regulated by the Financial Conduct Authority (FCA).
Pension and retirement planning are complex and depend on individual circumstances, including age, income, existing savings, and personal goals. State pension amounts and qualification criteria are subject to government policy changes.

Before making any pension or retirement planning decisions, you should consult with an FCA-regulated financial adviser or pension specialist who can assess your personal situation and recommend appropriate strategies.

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