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.... CPI is used for calculating annual increases to benefits. And CPI forms one part of the triple-lock on pensions. ... [Read full article on Guardian ]
Tuesday 15th of August 2017 06:28:31 PM
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....EasyJet would be keen to acquire slots to boost its small presence in Germany, where Lufthansa dominates. However, it is unlikely to countenance a full takeover: Air Berlin operates a large Airbus fleet similar to easyJet’s but also has more than 100 Boeing planes, as well as high costs and pension liabilities. ... [Read full article on Guardian ]
Tuesday 15th of August 2017 04:43:12 PM
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....Mortgages are a good example of how borrowing can be advantageous - annual inflation of 10% over seven years halves the real value of a mortgage. On the other hand, pensioners, who depend on a fixed income, watch the value of their assets erode. ... [Read full article on Guardian ]
Tuesday 15th of August 2017 08:32:02 AM
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....". Another option for the over-55s is to take their 25 per cent tax-free pension lump sum to help cover university costs. ... [Read full article on Daily Express ]
Wednesday 16th of August 2017 08:47:00 AM
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....A consortium led by Macquarie agreed to buy the GIB, which was established in 2012 by the coalition government to fund green infrastructure projects such as windfarms and a waste and bioenergy power plant. The consortium also includes Macquarie’s in-house infrastructure fund and the Universities Superannuation Scheme, a pension fund for British higher education institutions. ... [Read full article on Guardian ]
Friday 18th of August 2017 01:05:09 PM
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Saturday 19th of August 2017 11:32:19 PM
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.... Brown clamped down on this “double dipping” – effectively claiming tax relief twice on the same production – in 2004, after it became clear it was being abused. There are still tax reliefs for the British film industry and they make up just a few of the estimated 1,140 schemes offered by HMRC on everything from plant and machinery to pension saving. ... [Read full article on Guardian ]
Sunday 20th of August 2017 06:00:35 AM
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.... That solidity made a rights issue avoidable and allowed Quinn to go about his derisking work without short-term pressures. Carillion, by contrast, has a much smaller investment portfolio and is towing a much bigger pension fund deficit, £587m at the last count, plus borrowings that averaged £695m in the first half of this year. ... [Read full article on Guardian ]
Wednesday 16th of August 2017 07:29:37 PM
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....Mortgages are a good example of how borrowing can be advantageous - annual inflation of 10% over seven years halves the real value of a mortgage. On the other hand, pensioners, who depend on a fixed income, watch the value of their assets erode. ... [Read full article on Guardian ]
Tuesday 15th of August 2017 05:10:12 PM
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. A ban on cold-calling by pension companies will include texts and emails, the government has announced, as it cracks down on scammers who target savers’ retirement funds. ... [Read full article on Guardian ]
Sunday 20th of August 2017 10:53:22 AM
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Thursday 17th of August 2017 03:45:00 PM
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....But those who have left it late to start saving can still pull together a nest egg worth tens of thousands of pounds. For a 45-year-old worker with nothing in savings this represents the opportunity to increase retirement income by 25 per cent on top of the state pension, according to calculations by Fidelity. ... [Read full article on Daily Express ]
Wednesday 16th of August 2017 03:02:00 PM
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....6 per cent, according to calculations by Retirement Advantage. Increases in the cost of living tend to hit oldest people hardest because they are reliant on fixed pension income, which has spending power slowly eroded by inflation. ... [Read full article on Daily Express ]
Thursday 17th of August 2017 03:52:00 PM
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.... The penalty applies except in the case of terminal illness or death. For most people the “Lisa” is better for saving towards a pension rather than for a first-time house buy. ... [Read full article on Guardian ]
Saturday 19th of August 2017 06:00:06 AM
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....Reducing the subsidy has chimed with the austerity imposed by governments since 2010, but campaigners say the balance has tipped too far. One demand is that at the very least fare increases should be in line with the CPI inflation measure, which the government prefers when it comes to paying pensions and benefits. ... [Read full article on Guardian ]
Saturday 19th of August 2017 02:59:16 PM
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....The Government recently raised the official retirement age to 68 for people in their thirties and forties. The Labour leader blasted the move and promised to keep the state pension age at 66, as the party heads on a State Pension tour of the country. ... [Read full article on Daily Express ]
Tuesday 15th of August 2017 04:00:00 PM
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Latest Finance News related to Pension

How YOUR pension has HALVED over the last 10 years, shock new figures image
Source : Daily Express [Read Article] Monday 21st of August 2017 01:30:00 PM
....Calculations by financial services giant Fidelity have revealed today’s retirees have ben hit by a triple blow of falling real wages, lower market returns and reduced income from annuities. People finishing work this year will typically have saved pension pots that are £40,000 lower on average than someone in 2007, according to Fidelity. ...
Pension cold-calling ban to include texts and emails in effort to tackle fraud image
. A ban on cold-calling by pension companies will include texts and emails, the government has announced, as it cracks down on scammers who target savers’ retirement funds. ...
There are now more than 1,000 tax relief schemes. Give us a break image
Source : Guardian [Read Article] Sunday 20th of August 2017 06:00:35 AM
.... Brown clamped down on this “double dipping” – effectively claiming tax relief twice on the same production – in 2004, after it became clear it was being abused. There are still tax reliefs for the British film industry and they make up just a few of the estimated 1,140 schemes offered by HMRC on everything from plant and machinery to pension saving. ...
Government to ban all cold calling on pensions in crackdown on multimillion-pound scams image
...
Related to :
Seven ways to cut the cost of Britain’s rail tickets image
Source : Guardian [Read Article] Saturday 19th of August 2017 02:59:16 PM
....Reducing the subsidy has chimed with the austerity imposed by governments since 2010, but campaigners say the balance has tipped too far. One demand is that at the very least fare increases should be in line with the CPI inflation measure, which the government prefers when it comes to paying pensions and benefits. ...
Here’s help to decide which of two Isas is the best to buy into image
Source : Guardian [Read Article] Saturday 19th of August 2017 06:00:06 AM
.... The penalty applies except in the case of terminal illness or death. For most people the “Lisa” is better for saving towards a pension rather than for a first-time house buy. ...
Inheritance tax: How death duty could hit YOUR family  image
Source : Daily Express [Read Article] Friday 18th of August 2017 04:24:00 PM
....Families have been urged to take simple steps to protect estates from the taxman. Mr Connor added: "There are a host of simple planning measures that can save a fortune in inheritance tax such as getting your will in order, keeping funds inheritance tax safe in your pension, moving your ISAs to inheritance tax-free options or just giving away your excess assets while you’ve still got at least seven more years on the clock. ...
Government faces fresh criticism over Green Investment Bank sell-off image
Source : Guardian [Read Article] Friday 18th of August 2017 01:05:09 PM
....A consortium led by Macquarie agreed to buy the GIB, which was established in 2012 by the coalition government to fund green infrastructure projects such as windfarms and a waste and bioenergy power plant. The consortium also includes Macquarie’s in-house infrastructure fund and the Universities Superannuation Scheme, a pension fund for British higher education institutions. ...
What I wish I could tell my boss: 'You take money from people who have the least' image
....But of course you won’t leave. To resign you’d have to set aside your salary – paid at multiples of the people you manage; you’d have to forego the pension benefits you have cut from your staff; you’d have to face up to the fact that you are making a profit out of our community’s suffering. ...
PENSION WARNING: How inflation ravages YOUR retirement income by hundreds of pounds image
....6 per cent, according to calculations by Retirement Advantage. Increases in the cost of living tend to hit oldest people hardest because they are reliant on fixed pension income, which has spending power slowly eroded by inflation. ...
The fallout from Trump closing down his advisory panels is just beginning | Nils Pratley image
.... That solidity made a rights issue avoidable and allowed Quinn to go about his derisking work without short-term pressures. Carillion, by contrast, has a much smaller investment portfolio and is towing a much bigger pension fund deficit, £587m at the last count, plus borrowings that averaged £695m in the first half of this year. ...
How you can build up a £100,000 pension pot from NOTHING even in your FORTIES image
Source : Daily Express [Read Article] Wednesday 16th of August 2017 03:02:00 PM
....But those who have left it late to start saving can still pull together a nest egg worth tens of thousands of pounds. For a 45-year-old worker with nothing in savings this represents the opportunity to increase retirement income by 25 per cent on top of the state pension, according to calculations by Fidelity. ...
Student finances: How to manage money at university  image
Source : Daily Express [Read Article] Wednesday 16th of August 2017 08:47:00 AM
....". Another option for the over-55s is to take their 25 per cent tax-free pension lump sum to help cover university costs. ...
Pound falls against dollar as inflation comes in lower than expected image
Source : Guardian [Read Article] Tuesday 15th of August 2017 05:10:12 PM
....Mortgages are a good example of how borrowing can be advantageous - annual inflation of 10% over seven years halves the real value of a mortgage. On the other hand, pensioners, who depend on a fixed income, watch the value of their assets erode. ...
EasyJet could swoop for parts of Air Berlin as it goes into administration image
....EasyJet would be keen to acquire slots to boost its small presence in Germany, where Lufthansa dominates. However, it is unlikely to countenance a full takeover: Air Berlin operates a large Airbus fleet similar to easyJet’s but also has more than 100 Boeing planes, as well as high costs and pension liabilities. ...
Corbyn vows 'flexible' state pension age but won't reveal funding for £20BILLION reforms  image
....The Government recently raised the official retirement age to 68 for people in their thirties and forties. The Labour leader blasted the move and promised to keep the state pension age at 66, as the party heads on a State Pension tour of the country. ...
Rail users face steepest fare rise in five years as inflation hits 3.6% image
Source : Guardian [Read Article] Tuesday 15th of August 2017 08:32:02 AM
....Mortgages are a good example of how borrowing can be advantageous - annual inflation of 10% over seven years halves the real value of a mortgage. On the other hand, pensioners, who depend on a fixed income, watch the value of their assets erode. ...
State pension CHAOS: Savers fearing poverty and many don't even KNOW when they can retire image
. Almost one in five workers aged over 55 don't know their state pension age, found a study by scheme provider The People's Pension. ...
UK inflation tipped to rise again with wages forecast to stagnate image
Source : Guardian [Read Article] Sunday 13th of August 2017 03:28:41 PM
.... However, future migration trends appear highly uncertain, the report said. Almost a quarter of private sector firms cite delivering the national living wage as a brake on pay growth; a fifth cite uncertainty over access to the single market, and another fifth point to the government’s auto-enrolment pensions scheme as a challenge. ...
Smoking and Drinking tax: How HMRC cashes in on our vices image
Source : Daily Express [Read Article] Sunday 13th of August 2017 12:01:00 AM
.... This saves the state £9. 8 billion in pension, healthcare and other benefit payments, even after accounting for the tax revenues lost when somebody dies. ...
Here’s how savers can pass £1 million on and bypass inheritance tax image
Source : Daily Express [Read Article] Saturday 12th of August 2017 04:00:00 PM
. The growing trend among savers means that many parents are opting to move money from final salary schemes to pensions that can be passed onto their offspring with little tax being deducted. ...
Have we gone too far in vilifying landlords? | Patrick Collinson image
Source : Guardian [Read Article] Saturday 12th of August 2017 06:00:37 AM
....Around the same time, banks were loosening their lending criteria, offering multiple jumbo-sized loans, sometimes with little verification of the borrowers, and interest-only deals to keep repayments cheap. Add to the mix a reduction in social housing, low levels of private home construction, a loss of confidence in personal pensions, low interest rates and the huge increase in net inward migration after 1997, and you get near-perfect conditions for an explosion in the private rented sector. ...
New Tata Steel scheme secures pensions for 130,000 workers image
Source : Guardian [Read Article] Friday 11th of August 2017 08:48:29 AM
. Tata Steel has reached an agreement over its £15bn pension scheme, in a move that the pensions regulator hopes will help secure jobs at the Indian-owned company that employs more than 8,000 people across the UK. ...
Pensioners moving to smaller homes should NOT have to pay Stamp Duty, Hammond told image
....At the same time, it could help fund retirement for older generations who have inadequate savings. Steven Cameron, pensions director at Aegon, said: “Removing stamp duty would encourage pensioners to downsize, freeing up family homes. ...
REVEALED: The retirees with the best pensions in Britain - do you make the list?  image
Source : Daily Express [Read Article] Thursday 10th of August 2017 11:50:00 AM
....Retiree wealth has jumped over the last 40 years, and disposable income is now at a record high of £22,000 on average, according to the Office for National Statistics (ONS). But many pensioners have disposable income that is thousands of pounds higher than working households. ...
Worldpay takeover deal: not bad, but could have been better | Nils Pratley image
Source : Guardian [Read Article] Wednesday 9th of August 2017 06:27:04 PM
.... From a standing start a decade ago, the UK insurer has gathered $160bn of assets in the US, which is about 13% of the £950bn it now has under management. L&G’s share of individual US markets, everything from life insurance to pension transfers, is tiny by comparison with the UK. ...
North Korea’s warmongering with Donald Trump hits global stock market raising pension fear image
.... "If we see an escalation of the rhetoric then this sell off could be more than a flash in the pan. "Stock market falls can hit pension values, but savers who are not set to take their savings for a number of years typically don't need to worry, as losses are usually recouped over the longer term. ...
L&G profits rise as UK population dies earlier than expected image
Source : Guardian [Read Article] Wednesday 9th of August 2017 02:09:08 PM
. A slowdown in the growth in life expectancy for the UK population has increased profits at insurance and pensions firm Legal & General, which said people were dying sooner than it had expected. ...
'Pensioners have NEVER had it so good' Retiree income better than workers' earnings image
. Older people's wealth has jumped over the past 40 years, with a sevenfold increase in private pension income, according to the Office for National Statistics (ONS). ...
Pensioners living in golden era as income rise outstrips workers’ image
Source : Guardian [Read Article] Tuesday 8th of August 2017 12:47:17 PM
....Pensioners enjoyed a golden era between 1977 and 2016, with official figures revealing that their incomes have nearly tripled in real terms, rising much faster than the incomes of working people. The average gross income for a pensioner household soared to £29,000 in 2016 from £10,500 in 1977, after the figure was adjusted for inflation, according to the Office for National Statistics. ...
Total UK wealth tops £10tn thanks to City and property boom image
Source : Guardian [Read Article] Monday 7th of August 2017 11:01:22 PM
.... Since the better off held a greater proportion of these assets, 40% of the gains of rising share and bond prices went to the richest 5% of households. In a separate report released on Tuesday, the Social Market Foundation said more than 14 million working age adults were not saving at all, and more than 26 million adults did not hold adequate rainy day or pension savings. ...
Inheritance tax: The secret loopholes to help protect YOUR money from dreaded death duties image
....However, it's important to make sure the policy written into trust so that the payout is tax free. *Use a pension. ...
Employment statistics tell skewed story about UK jobs market Katie Allen image
.... But some is what MPs investigating the gig economy have described as “bogus self-employment”. People were being forced into self-employment as couriers, taxi drivers and other roles, as companies declined to take them on as employees, said parliament’s work and pensions committee. ...
Downsizing: The disadvantages of moving to a smaller home image
Source : Daily Express [Read Article] Sunday 6th of August 2017 10:41:00 AM
. Almost half of all pensioners would consider moving to a smaller home, new research suggests, and the numbers are expected to grow. ...
Don't relax rules on City after Brexit, Mark Carney warns image
Source : Guardian [Read Article] Thursday 3rd of August 2017 05:00:19 PM
....The annual output of the UK economy (GDP) is about £1. 9tn a year, but that is dwarfed by the assets of the financial sector, which includes banks, pension funds and insurance companies. ...
Student Loans Company comes under graduate fire, plus house prices stabilise image
....FTSE 100 chiefs earn 160 times the average wage, study reveals. A million women £32 a week worse off thanks to pension age changes. ...
Brexit is putting firms off giving pay rises, says Bank of England image
Source : Guardian [Read Article] Thursday 3rd of August 2017 11:13:47 AM
....Mortgages are a good example of how borrowing can be advantageous - annual inflation of 10% over seven years halves the real value of a mortgage. On the other hand, pensioners, who depend on a fixed income, watch the value of their assets erode. ...
Nissan dispute could go down as most vicious anti-union crusade in decades | Bernie Sanders image
....This week, thousands of courageous workers at a Nissan plant in Canton, Mississippi, are doing just that. They are voting for the right to join a union, the right to make a living wage and the right to job security and pensions. ...
A million women £32 a week worse off thanks to pension age changes image
Source : Guardian [Read Article] Wednesday 2nd of August 2017 06:01:39 AM
. More than a million women are worse off by an average of £32 a week under changes to the state pension age and poor households are being hit the hardest, according to analysis by a leading independent thinktank. ...
WARNING: Pension scammers targeting over-50s - what cons to look out for... image
Source : Daily Express [Read Article] Wednesday 2nd of August 2017 12:01:00 AM
....Some 1. 8million over-50s have been offered unsolicited free pensions advice or investment opportunities by phone, text or email in recent weeks. ...
Painful as it may be, raising the pension age for women is justified image
Source : Independent [Read Article] Tuesday 1st of August 2017 11:02:30 PM
...
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Tax raid on YOUR pensions: Shock as savers overcharged £26million in THREE months image
.... . The excess income tax was wrongly taken from savers who had withdrawn cash from the retirement funds using new pension freedoms. ...
Greek debt crisis: ‘People can’t see any light at the end of any tunnel’ image
....It is in Koukaki that Chryssa Christodoulaki and her husband, Anestis, have lived for close to 50 years. Until the outbreak of the crisis when she was compelled by crippling taxes to close her salon, the French-trained hairdresser had paid into a pension fund for almost 45 years – contributions that yielded a decent income before budget cuts whittled it away. ...
Millions of women hit by pensions gender gap  image
Source : Daily Express [Read Article] Sunday 30th of July 2017 11:20:00 AM
....It happens in workplaces across the country and crucially, continues all the way into retirement. The great UK pensions gender gap hits millions of ordinary women rather than a few TV presenters, making their final years much harder. ...
Pension withdrawal shock: Fury as thousands overcharged as HMRC apply wrong tax code  image
. Up to 200,000 savers accessing pension cash have paid too much tax as a result of new “pensions freedoms”. ...
Goodbye 25-year mortgages, but are we walking into a borrowing trap? image
Source : Guardian [Read Article] Saturday 29th of July 2017 06:00:43 AM
....The data prompted one leading broker to declare that the traditional 25-year mortgage is “a thing of the past”, particularly when it comes to first-time buyers. But what are the pros and cons of opting to “go long”? Is it wise to saddle yourself with a major debt that you might still be paying off long after you have started collecting your pension?. ...
Almost 2 MILLION pensioners still have to file a tax return, figures show image
Source : Daily Express [Read Article] Saturday 29th of July 2017 12:01:00 AM
. Former pensions minister Sir Steve Webb said retirement “does not mean freedom from the misery of the annual tax return”, with more than 250,000 of those submitting tax returns aged 80 or over. ...
BT profits dive by 40% after £225m payout over Italian scandal image
Source : Guardian [Read Article] Friday 28th of July 2017 06:49:04 AM
....78bn in its first quarter. The company attributed this to increased pension costs, programme rights and investing in bringing all of its call centre operations back to the UK. ...
Pension savers owed £26MILLION as HMRC overcharges THOUSANDS accessing pots image
Source : Daily Express [Read Article] Thursday 27th of July 2017 02:21:00 PM
....Thousands of people were caught out by emergency tax codes slapped on withdrawals in the three months to June 2017, official figures showed. Former pension minister Steve Webb described the flawed system is "outrageous". ...
Leaseholds on new-builds to be banned, plus Student Loans Co penalises borrowers image
....Victims of ground rent scandal demand action on existing abuses. State pension changes will cost 7 million people £10,000 each. ...
'Disgusting and astonishing': how do the UK's top 1% view tax avoidance? image
....Whilst working for an investment bank that was part of a major UK bank, I was offered the choice to get paid via dividends from a Jersey-registered company but turned it down – which annoyed them, since they would have saved on employer’s national insurance. I think it’s okay to use ISAs [individual savings accounts which are tax-free] and put money into pensions, or put money in your spouse’s name to reduce your tax bill. ...
THIS is how much savers are taking from pensions: How do YOU compare? image
Source : Daily Express [Read Article] Wednesday 26th of July 2017 03:42:00 PM
.... However, the number of payments has increased, suggesting people are taking regular income rather than one-off lump sums. Tom Selby, senior analyst at AJ Bell, said: “The pension freedoms continue to be hugely popular, with evidence suggesting most people are accessing their retirement pot in a sensible way rather than ravaging their savings to splurge on fast cars. ...
Ground rents: aristocrats and shell firms among those making millions image
Source : Guardian [Read Article] Wednesday 26th of July 2017 05:00:32 AM
....4bn of assets to date. ” It says many of the investors in its fund are pension groups looking for a secure long-term income. ...
Inheritance tax grab: HMRC swipes MORE money in 'aggressive' raid on grieving families image
.... . People who die before age 75 can now pass on untouched pension funds free of tax, although after age 75 beneficiaries may pay income tax on the money. ...
Uber and Deliveroo chiefs face new grilling by MPs image
Source : Guardian [Read Article] Tuesday 25th of July 2017 10:18:54 AM
....”. After questioning companies including Uber, Amazon, Hermes and Deliveroo, the work and pensions committee published a damning assessment of the gig economy in May, accusing it of forcing workers into bogus self-employment and free-riding on the welfare state. ...
Guardian Media Group cuts losses by more than a third image
Source : Guardian [Read Article] Tuesday 25th of July 2017 08:00:00 AM
....GMG paid £622,000 in charitable donations and gifts in kind to the Guardian Foundation, an increase of more than 10% over the previous year. After the newspaper operation breaks even, GMG forecasts it will continue to make a sustainable loss – in the low teens of millions of pounds – relating to pension contributions, capital expenditure and endowment fund costs. ...
Wall Street duo make $150m each on back of Trump election victory image
Source : Guardian [Read Article] Monday 24th of July 2017 10:36:39 AM
....Dimon was also the best-paid banking boss in the world for the second year running, raking in $28. 2m of pay, bonus and pension contributions last year. ...
Should frustrated savers gamble on the stock market or play it safe? image
Source : Guardian [Read Article] Monday 24th of July 2017 06:00:28 AM
....Taking advantage of all of the available tax perks can see cash savers making gains without taking extra risk. Nigel Yeo of The Private Office says that by using pension allowances, funding Isas and making sure that assets are held in the name of a husband or wife depending on their tax position, among other moves, can result in as much of a return as riskier investments. ...
State pension changes will cost 7 million people £10,000 each image
Source : Guardian [Read Article] Sunday 23rd of July 2017 11:01:20 PM
. More than 7 million people will lose just under £10,000 each because of new government plans to increase the state pension age earlier than planned. ...
While Hammond looks for a magic money tree, Labour has found one | Larry Elliott image
....Hammond is worried about the economic implications of Brexit but he also knows that Britain faces challenges from a growing, elderly population. The demographic time bomb is ticking loudly: hence last week’s announcement to raise the pension age for those born in the 1970s, and the disastrous decision to include plans for a “dementia” tax in the Conservative party manifesto. ...
Greed is no longer good – bond boom comes to an end image
Source : Guardian [Read Article] Saturday 22nd of July 2017 07:00:32 AM
....Jordan Hiscott, chief trader at trading firm Ayondo, said the bond markets have become a more sober environment since the financial crisis. Lower profit margins and clients from the pension fund industry and sovereign wealth funds focusing on costs have forced the industry’s colourful characters to tone down their antics. ...
Your state pension in Dorset: £124,000. In Glasgow? £38,000 | Patrick Collinson image
....9 years. Maybe it won’t make too much difference to their financial futures that the government said this week that it would raise the state pension age to 68 sooner than planned. ...
The government has got it wrong on pensions | Letters image
Source : Guardian [Read Article] Friday 21st of July 2017 05:14:02 PM
. The chancellor of the exchequer recently pointed out that public sector pay was superior to private sector pay because of the occupational pension accruing to long-time public sector workers (Chancellor urges restraint on public sector pay, 17 July). ...
Savers warned as pension SUPER tax stings 80% more people image
Source : Daily Express [Read Article] Friday 21st of July 2017 03:58:00 PM
....As a result, HMRC raked in an extra £20million in 2015/16 compared to the year before, according to Salisbury House WealthAnd the problem has become even worse after the threshold was chopped even lower to £1million in April 2016. It means anyone who saves more than this sum into pensions will be hit with the super tax. ...
Could you spot a fake Airbnb listing, plus what's so fishy about cans of tuna? image
....End of the ‘rip-off’: all charges for paying by card to be banned. State pension age to increase seven years earlier than planned. ...
Recruitment sector tax scheme liquidates hundreds more firms image
Source : Guardian [Read Article] Thursday 20th of July 2017 02:17:53 PM
....The voluntary liquidations of the companies linked to Anderson followed initial questions posed by HMRC’s fraud and investigation service last year, which asked Anderson for details about the large numbers of VAT registration applications made on behalf of its clients. The Guardian’s investigation triggered a series of parliamentary questions by Frank Field MP, the chairman of the House of Commons work and pensions select committee, who last week asked the chancellor: “What assessment has [the chancellor] made of HMRC’s ability to investigate and recover tax revenue lost to aggressive tax avoidance schemes promoted by the Anderson Group and others?”. ...
Jeremy Corbyn could rip away YOUR state pension: Labour set to 'means-test' key benefit image
....The cost of the popular benefit has spiralled in recent years as life expectancy in Britain has increased. This year state pensions will cost the Government £102 billion, but in just 20 years that will soar to £192bn - a staggering £70bn more than it costs to run the NHS. ...
State pension benefits rich and UNFAIR on ill or manual workers, says ex-pension minister image
. People who paid years of national insurance contributions but don't live until or long after retirement age unfairly miss out on income under the current system, blasted the pension expert. ...
Should I cash in my endowment early to pay off my mortgage? image
Source : Guardian [Read Article] Thursday 20th of July 2017 06:00:13 AM
.... So rather than just remortgaging next March, I’m thinking of cashing in the endowment early next year and topping up the £41,000 with a personal loan of £6,000 so I can pay off the entire mortgage of £47,000. I only have £2,000 in savings and that’s not likely to grow quickly as I’m focusing all I can on pension payments. ...
State pension age rises: Will changes affect you? Everything you need to know image
Source : Daily Express [Read Article] Wednesday 19th of July 2017 02:42:00 PM
....People born after 1978 were already due to wait until 68 to retire - but now around 7million more people will be pulled into this later retirement bracket. The state pension age for women is currently being pushed back in line with men to 65 by November 2018 and 66 by 2020 - reaching 67 by 2028. ...
Forced to work until you are 68! State pension age rise brought forward SEVEN years image
....The official retirement age is now due to rise to 68 by 2039, impacting around 7million people in their thirties and fourties, the new Secretary of State for Work and Pensions David Gauke revealed. The changes are to affect everyone born between 6 April 1970 and 5 April 1978, and brings forward the state pension age rise by seven years. ...
State pension age to increase seven years earlier than planned image
Source : Guardian [Read Article] Wednesday 19th of July 2017 01:44:22 PM
. Britons born between 1970 and 1978 will have to wait an extra year, until they are 68, to claim their state pension, the government has announced. ...
If home ownership continues to shrink, the retirement system is in trouble | Greg Jericho image
....Where the declining ownership chickens come home to roost however is in retirement. Australia’s pension and superannuation system is essentially based around the premise of people owning the family home. ...
The scandal of big tobacco’s behaviour in the developing world | Letters image
.... It is incoherent to give British aid for healthcare to these countries while at the same time a UK company is promoting harmful products that diminish people’s right to health. On a related subject, British MP pension fund, the Parliamentary Contributory Pension Fund (PCPF), invests in BAT and some UK local authority pensions invest large sums in the tobacco industry which many already consider unethical even before the article in the Guardian. ...

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