Unpaid UK carers ‘face financial hit that can last decades’
Loss of income, curbs on benefits and soaring bills are piling pressure on people caring for family membersPeople who look after family members free of charge are taking a huge hit to their finances which could continue into their retirement as they find themselves unable to balance paid work with their caring commitments.Recent analysis of official figures by the financial firm Just Retirement found seven in 10 people who were receiving carer’s allowance were not in paid work, and missing out on earnings and private pension contributions. Continue reading...
Loss of income, curbs on benefits and soaring bills are piling pressure on people caring for family members
People who look after family members free of charge are taking a huge hit to their finances which could continue into their retirement as they find themselves unable to balance paid work with their caring commitments.
Recent analysis of official figures by the financial firm Just Retirement found seven in 10 people who were receiving carer’s allowance were not in paid work, and missing out on earnings and private pension contributions. Continue reading...
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