Global Payment and Compliance
The Impact of Inflation on Pension Calculations: What You Need to Know
High inflation means investments and pensions cannot grow as quickly as anticipated and will struggle to keep up. Subsequently, the value of your pension pot is reduced to a certain percentage. The reduced buying power also affects how retirees will spend their pension income.
Workpay
October 17, 2023
4
min read
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November 3, 2023