Figures published by the Office for National Statistics suggest that Britain’s population is set to age dramatically. By 2037 the number of over 80s in the UK is set to more than double.
Key points issued by the Office for National Statistics in a report released on 6 November 2013 include:
- The UK population is projected to increase by 9.6 million over the next 25 years from an 63.7 million in 2012 to 73.3 million in 2037;
- The UK population is predicted to reach 70 million in 2027;
- Natural increase (more births than deaths) accounts for 57% of the projected increase over the next 25 years;
- By 2022, the UK population is projected to increase by 4.3 million to 68.0 million;
- The average age is expected to rise from 39.7 years in 2012 to 42.8 years by mid-2037;
- In the UK the number of people aged 80 and over is expected to more than double to 6 million by 2037.
In 1917 the first 100th birthday congratulatory telegram was sent out and in that year only 24 were dispatched; last year 13,000 were sent.
As we have an ageing population here in Britain, age related illnesses such as dementia and Alzheimer’s will become more prominent so it is imperative that we all think about doing a Will and Lasting Powers of Attorney whilst we still have capacity to do so. Once you have lost mental capacity it is no longer possible to execute these documents.
If you would like to make a Will, Lasting Power of Attorney or any assistance with private client matters please contact the Private Client Team on 0113 246 0622.
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