How much is a full Guernsey pension?
How much is a full Guernsey pension? Many people do not realise that you only get the full rate of State pension (currently £201.03 per week) if you have contributed for 45 years. 3 out of 4 people do not qualify for a full Guernsey pension, making it all the more important that they have other retirement savings.
Is it expensive to live in Guernsey?
The cost of living in Guernsey is considerably higher than in the UK, according to a report for the States. It shows that most residents need a 20-30% higher budget to achieve a minimum standard of living.