According to an equity release provider, the cost of council tax has increased at three times the rate of the average pensioner couples income.
Over the last 10 years it is reported that council tax in England has gone up by 96%, with pensioner income rising by 27%.
Our view
If nothing else, this highlights the need to save for retirement from an early age.
Whilst there are some State benefits available, if you are not entitled to them you are on your own.
With people living longer into retirement and the certainty that prices will rise, saving and purchasing an inflation linked pension is essential.
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