Brits Issued State Pension Warning as They Could Be 'Financially Unsustainable by 2036' - Daily Star
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Brits issued state pension warning as they could be 'financially unsustainable by 2036' - Daily Star
The state pension will become structurally reliant on reserves from the National Insurance investment fund in the next 15 years, according to the Adam Smith Institute (ASI)
·United Kingdom
Read Full ArticleState pension could face insolvency by 2036 despite tax hikes
Britain’s state pension could become financially unsustainable as early as 2036, despite recent increases in National Insurance contributions, according to new modelling by the Adam Smith Institute (ASI). The think tank warned the Treasury is on course to spend more on welfare payouts than it receives in National Insurance receipts within just over a decade. This tipping point, the ASI says, marks a “fiscal crisis moment” – where the system bec…
·London, United Kingdom
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