More pensioners in the province

Solicitors in Northern Ireland are likely to see an increase in the number of people wanting to arrange their will, as national statistics show that there is an increasingly ageing population in the province.

Northern Ireland's population, which was recorded as 1.742 million last year, is expected to rise to 1.812 million in 2011, according to statistics from the Northern Ireland Statistics and Research Agency.

The next five years alone will see an increase of 70,000 people living in the province - a rise of around four per cent. With further analysis, this pattern reveals an average annual rate of population growth of 0.8 per cent.

This represents predictions that there will be 51,000 more births than deaths and 19,000 more immigrants than emigrants.

By 2021, Northern Ireland's population is expected to balloon to 1.922 million, with 180,000 extra people living in the province - a ten per cent rise in the number of current residents.

Solicitors in Northern Ireland will notice no significant increase in the number of Child Trust Funds they will be asked to manage, as the number of children is expected to remain relatively stable.

However, Northern Ireland solicitors could well be asked to arrange an ever-increasing number of wills, as the number of people in the province reaching pensionable age is expected to rise by nearly 10 per cent over the next five years and by 40 per cent over the next 15 years.

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