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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. "Just make sure you still have enough money to live on in retirement," Haywood added. ... [Read full article on Daily Express ]
Wednesday 16th of August 2017 08:47:00 AM
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.... In Newcastle upon Tyne, adults living near the airport can hope to remain free of disease and disability – to enjoy healthy life – until just before they turn 75. But a few miles east in Byker that enviable period typically ends before the official retirement age, at just 63. ... [Read full article on Guardian ]
Saturday 12th of August 2017 09:00:03 PM
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. Britons should ideally start saving in their twenties to build up funds that will support a comfortable retirement. ... [Read full article on Daily Express ]
Wednesday 16th of August 2017 03:02:00 PM
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....And making sure income from personal pensions rises is just as important. Andrew Tully, pensions technical director, Retirement Advantage said: "Over a typical retirement the buying power of your income could halve if inflation averages two per cent. ... [Read full article on Daily Express ]
Thursday 17th of August 2017 03:52:00 PM
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. The Government recently raised the official retirement age to 68 for people in their thirties and forties. ... [Read full article on Daily Express ]
Tuesday 15th of August 2017 04:00:00 PM
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Latest Finance News related to Retirement

PENSION WARNING: How inflation ravages YOUR retirement income by hundreds of pounds image
....And making sure income from personal pensions rises is just as important. Andrew Tully, pensions technical director, Retirement Advantage said: "Over a typical retirement the buying power of your income could halve if inflation averages two per cent. ...
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
. Britons should ideally start saving in their twenties to build up funds that will support a comfortable retirement. ...
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. "Just make sure you still have enough money to live on in retirement," Haywood added. ...
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. ...
State pension CHAOS: Savers fearing poverty and many don't even KNOW when they can retire image
....Experts say changes to the state pension age are creating confusion over people's financial futures. The official retirement age was recently raised for Britons currently in their thirties and forties. ...
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
....” Smokers, heavy drinkers and the obese do gain if they buy an annuity with their pension. Stephen Lowe, director at retirement advisers Just, says the unhealthy can get anything between 5 and 25 per cent more income from an impaired life annuity: “Your lower life expectancy means you probably will not claim the income for as long, reducing the benefit of getting more. ...
The growing gulf in life expectancy shows how austerity has deepened inequalities image
.... In Newcastle upon Tyne, adults living near the airport can hope to remain free of disease and disability – to enjoy healthy life – until just before they turn 75. But a few miles east in Byker that enviable period typically ends before the official retirement age, at just 63. ...
New Tata Steel scheme secures pensions for 130,000 workers image
Source : Guardian [Read Article] Friday 11th of August 2017 08:48:29 AM
.... The hope now is that a major hurdle has been removed to any attempt by Tata to merge its European steel business – which includes the Port Talbot steelworks in south Wales – with the German firm ThyssenKrupp. The trade unions Community, Unite and GMB said in a statement: “For over a year our members have feared for their security in retirement, and this announcement helps to bring that uncertainty to an end. ...
Mass tourism is at a tipping point – but we’re all part of the problem | Martin Kettle image
....We have to re-examine the idea that we enjoy an unfettered liberty to travel at will or for pleasure. We have to rethink the impulse that says that a holiday from work – or retirement from work – is an open sesame to exploring the world. ...
Pensioners moving to smaller homes should NOT have to pay Stamp Duty, Hammond told image
....Supply is now at record low levels, raising house prices and pushing ownership out of reach for younger people. At the same time, it could help fund retirement for older generations who have inadequate savings. ...
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
.... The richest retirees are likely to fall into three distinct categories, and those who fall into all are typically the best off, shows analysis by pension provider Aviva. Britons who are men, born in 1950 and married have typically hit the retirement jackpot. ...
North Korea’s warmongering with Donald Trump hits global stock market raising pension fear image
.... And US stock indices the Dow Jones and S&P 500 are down for the second day in a row after the North Korean dictator threatened a missile strike on US bases in Guam. Pension funds that holds billions of pounds worth of retirement savings are typically invested in the FTSE 100, meaning savers could see values fall amid sell-offs. ...
'Pensioners have NEVER had it so good' Retiree income better than workers' earnings image
.... The average weekly salary for workers in Britain currently sits at a typical £473 before tax. The figures show people now at retirement age have reaped the benefits of gold-plated pensions and the triple-lock on state pensions, according to experts. ...
Pensioners living in golden era as income rise outstrips workers’ image
Source : Guardian [Read Article] Tuesday 8th of August 2017 12:47:17 PM
....”. The figures will reopen the fractious debate over intergenerational fairness, with baby boomers accused of grabbing an unfair share of the national cake – and leaving today’s young people with much poorer prospects for their own retirements. ...
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
.... With rising house and equity prices, net worth has increased substantially in the past decade, growing by £143,000 per household on average. “Increasing levels of wealth are clearly positive for households, but with recent changes, like pensions freedoms, it also highlights the increasing importance of proper financial planning, especially as people approach and move into retirement. ...
REVEALED: The blossoming expat communities in countries you may NOT have considered image
....However, if you are hoping to settle somewhere with a strong expat community, Thailand’s capital, Bangkok, is probably your best bet as there are a large number of foreign nationals living in the area. Costa RicaCosta Rica is growing in popularity with foreign retirees (it is now the most popular retirement haven in Central America) because of its affordable cost of living, low levels of crime, high standard of life and extremely attractive ecology. ...
Downsizing: The disadvantages of moving to a smaller home image
Source : Daily Express [Read Article] Sunday 6th of August 2017 10:41:00 AM
....Some 5. 7 million older people are either considering downsizing, or say they would do so if they were given a tax break as an incentive, according to new research from retirement home builder McCarthy & Stone. ...
Lifetime Isa proving popular as young savers rush to snap them up image
Source : Guardian [Read Article] Saturday 5th of August 2017 06:00:04 AM
.... And investment firm Hargreaves Lansdown said it had opened more than 22,000. Launched in April, a Lisa lets you save tax-free for either a property or retirement. ...
Nissan dispute could go down as most vicious anti-union crusade in decades | Bernie Sanders image
.... It has union representation in 42 out of 45 of its plants throughout the world – from Japan to France, Australia to Britain. But the company does not want unions in the US south, because unions mean higher wages, safer working conditions, decent healthcare and a secure retirement. ...
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
.... Now the couple are no longer sure if they belong to the middle class. Hopes of spending their latter years in Crete have been dashed; so, too, have plans of a work-free retirement. ...
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. ...
Leasehold tycoon: man whose firms control 40,000 UK homes image
Source : Guardian [Read Article] Saturday 29th of July 2017 07:00:44 AM
.... “We are currently paying around £145 every six months. This doubles every 10 years, so in 45 years, whilst enjoying retirement, I’ll be paying E&J £10,000 per year to live in my own home that will be fully bought and paid for. ...
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
....Jonathan Harris at mortgage broker Anderson Harris says: “The typical 25-year mortgage term is a thing of the past, particularly when it comes to first-time buyers, owing to tougher affordability criteria. However, most lenders still require mortgages to be paid off by retirement, which does put a limit on the length of the term. ...
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. ...
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. ...
Good for the rich, bad for the poor: Trump’s healthcare plan is a lot like his tax plan image
.... Some 47% of Americans couldn’t come up with even $400 in a financial crisis, according to the Federal Reserve. So just how do Republicans touting the virtues of HSAs expect their constituents – who aren’t even able to provide adequately for their eventual retirement – to set aside still more of their income (even on a pretax basis) and invest it in an HSA? It isn’t as if they can simply stop buying insurance and put the money they would otherwise have spent on premiums into an HSA, because they need to have the insurance policy to qualify for the HSA. ...
Mortgage time bomb? Interest-only borrowers with NO plans to repay debts image
Source : Daily Express [Read Article] Monday 24th of July 2017 04:40:00 PM
....Endowment mortgage deals from the 1990s, which were sold with investments linked to the stock market, could be a particular problem. Many borrowers are near retirement and mortgages age limits are preventing them from taking out a free capital repayment mortgage. ...
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
....The change implements the findings of a review by the former CBI director general John Cridland, which found increases in pension age should be accelerated to prevent the costs of the state pension becoming unsustainable. Labour had committed in its manifesto that the party would not implement the Cridland review proposals, but would consult again on varying retirement ages. ...
Your state pension in Dorset: £124,000. In Glasgow? £38,000 | Patrick Collinson image
....6 years. The new retirement age of 68 means our typical Glaswegian male will pick up a state pension for only four to five years, pocketing just £38,000 in total. ...
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). However, when it comes to overall pension payments (occupational plus state pensions) most seasoned public sector workers coming up to retirement will note that their state pension is considerably less than that of private sector workers because public sector workers were opted out of the state earnings-related pension and graduated pension schemes. ...
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
....Savers have now been urged to keep a close tab on saving levels - including investment performance, as well as contributions. Mr Holmes said: “An increasing number of taxpayers who have done the responsible thing and saved for retirement are being caught out by this super tax trap. ...
Jeremy Corbyn could rip away YOUR state pension: Labour set to 'means-test' key benefit image
....However all options for saving money remain on the table for Labour, including means-testing. This could see wealthy pensioners, and those that have built up some retirement funds of their own by saving diligently throughout their working lives, lose the right to a state pension at all. ...
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. ...
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
. The official retirement age will rise to 68-years-old by 2039, seven years earlier than previously planned, as part of plans outlined by the new Secretary of State for Work and Pensions David Gauke. ...
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. ...
State pension age to increase seven years earlier than planned image
Source : Guardian [Read Article] Wednesday 19th of July 2017 01:44:22 PM
....However, Labour and charities were quick to condemn the plans, with the shadow work and pensions secretary, Debbie Abrahams, describing them as “anything but fair”, and arguing that many pensioners faced a “toxic cocktail” of ill-health long before they reached 68. Labour said in its manifesto it would not implement the Cridland proposals, and would instead consult on varying retirement ages. ...
If home ownership continues to shrink, the retirement system is in trouble | Greg Jericho image
....As Tim Colebatch has noted, the census found that the falls in ownership are most pronounced among the younger cohorts – confirming a study by the Grattan Institute in 2014, which concluded that older Australians were the ones who benefitted the most from the mining boom years. Where the declining ownership chickens come home to roost however is in retirement. ...
Investors received record-breaking dividends in 2017, research shows image
Source : Guardian [Read Article] Monday 17th of July 2017 06:01:43 AM
....Dividends are received by owners of shares in companies. The payments by publicly listed companies are crucial to major investors such as pension funds, which need continuous streams of income, as well as rising share prices, in order to fund retirement schemes. ...
The man who won a landmark legal battle for same-sex pension rights image
Source : Guardian [Read Article] Monday 17th of July 2017 06:00:43 AM
....John Walker was on a river cruise through Bangkok with his husband when he heard the supreme court was finally about to end his 11-year legal battle. After a tortuously slow campaign to secure another landmark moment in the march towards equality, he had just 10 days to race back to London and prepare for the outcome to which he has dedicated his retirement. ...
Pension planning: Avoid these costly mistakes with your savings  image
Source : Daily Express [Read Article] Sunday 16th of July 2017 02:14:00 PM
....Lottery illusion . Too many people view their pension as free cash or even a lottery win and Stephen Lowe, group communications director at retirement specialists Just, says they risk throwing it all away. ...
Gig economy: Financial advice for the self-employed  image
Source : Daily Express [Read Article] Sunday 16th of July 2017 12:01:00 AM
.... . Last week the Government-backed Taylor Review of modern working practices reported on how to protect workers in the gig economy and help them save for retirement, but there are no easy answers. ...
Retirement age MUST rise or young families pay the price, pension committee head warns image
....5 per cent year. The growing cost of retirement payouts will have to be paid by either pushing back the official retirement age, or through lowering the welfare of working age people, according to the politician whose reappointment as chair of the pensions committee was confirmed this week. ...
Pension changes: Anger as workers hit with 'OUTRAGEOUS' tax hikes  image
Source : Daily Express [Read Article] Thursday 13th of July 2017 03:42:00 PM
....". Tom Selby, senior analyst at AJ Bell, added: “Today’s news will come as a bitter blow to thousands of retirees who have used the pension freedoms to access some of their retirement pot from age 55. ...
People who receive financial advice could end up around £40,000 better off image
Source : Daily Express [Read Article] Wednesday 12th of July 2017 06:44:00 PM
....A separate report from the Financial Conduct Authority (FCA) on Wednesday said that a lack of consumer trust in pensions can sometimes result in consumers paying too much tax, missing out on investment growth or losing out on other benefits. Sir Steve Webb, a former pensions minister who is now director of policy at Royal London, said: “Financial advice need not be the preserve of the better off but can make a real difference to the quality of life in retirement of people on lower incomes as well. ...
PENSION WARNING: Savers accessing pots early falling into ‘disastrous’ tax trap image
....Accessing savings early has become the "new norm" since reforms were introduced in 2015, an interim review of the market by the Financial Conduct Authority (FCA) found. However, more than one out of two people fully withdrawing pension pots are simply putting the cash into alternative savings products, which can often leave savers with unnecessary tax bills and poor interest rates, according to the regulator's study of retirement income. ...
FCA warns it may intervene as millions take pension cash early image
Source : Guardian [Read Article] Wednesday 12th of July 2017 12:33:01 PM
.... The regulator warned that early intervention may be needed to ensure this multibillion-pound market worked well. The FCA’s study of the retirement market also found that in more than half of the cases where all the money was taken out of a pension pot, the cash was not spent on cars or holidays, etc; instead it was shifted into other savings or investments, partly because of a “mistrust of pensions”. ...
Retiring abroad: How can I cut the costs of moving away in later life? image
Source : Daily Express [Read Article] Tuesday 11th of July 2017 11:18:00 AM
....For example, if you’re looking for an alternate south of France, consider Languedoc Roussillon, where the price tag is nowhere near as extravagant as the Côtes D'Azur but the weather and beaches are just as amazing. Whatever location you end up choosing, an easy way of saving money on your overseas retirement is to cut costs in currency transfers. ...
Bank of England warns it will go after firms looking to mask risks image
Source : Guardian [Read Article] Monday 10th of July 2017 04:03:22 PM
.... While that makes monthly repayments lower it means the total interest is higher, with final amounts due when the customer may have retired. “That should not be a problem if lenders can be confident about the availability of such retirement income, or about the scope for the borrower to downsize and use the sale proceeds to pay off the balance of the loan,” he said. ...
Trump's growth problem: jobs boost masks trouble ahead for US economy image
.... Many of those workers, the Shift commission found, may be staying in the workforce not because they want to, but because they have to. Nearly 30% of respondents 55 and over claimed to have zero retirement savings, and 26% had $50,000 or less. ...
After Andrew Tyrie: the race to become the Commons’ new inquisitor general image
....Tyrie would have been a shoo-in had he not quit as an MP at the election. His retirement created an unexpected vacancy for a battle that ahead of a ballot in which all MPs can vote looks too hard to call. ...
'Shame on you!' Campaigners ERUPT as minister tells women hit by pension delay to RETRAIN image
. The pension minister's comments sparked outrage during a House of Commons debate, in which Tory backbenchers joined calls for the Government to help millions of women who say they have been "robbed" of retirement income. ...
Decade in the doldrums for hard-hit savers as low interest rates remain the same image
....Since then base rates have been slashed to near zero and stayed there for year after year, hammering the returns on cash. This has been a particular blow for older people who rely on the interest from their savings to top up their retirement income. ...
Retirees lose £8,460 of pension income: Make sure YOU don't make THIS mistake image
.... Payout rates from the insurance product vary by provider, but around half of people buying annuities still fail to shop around. One in every two people simply stay with their current pension provider, in effect settling for a poorer retirement. ...
State pension age to rise SOONER than expected: Minister warns ‘big decisions’ looming image
....Reading between the lines, industry experts said the minister may be preparing Britons for faster rises in the state pension age. The overall retirement age is then due to rise to 67 by 2028 and 68 by 2046. ...
Don’t be too quick on the draw taking pension pot, says HARVEY JONES image
Source : Daily Express [Read Article] Sunday 2nd of July 2017 11:00:00 AM
.... . Hundreds of thousands have taken advantage since then by shifting their pensions into drawdown, which involves leaving their money invested and drawing regular sums to top up their retirement income. ...
Savers warning: Pension tax relief could soon be SLASHED image
Source : Daily Express [Read Article] Saturday 1st of July 2017 02:05:00 PM
. It's feared reforms of retirement saving incentives, which have been looming for years, may be brought forward after the Conservatives formed a Government with the DUP. ...
PENSIONS WARNING: Could this tax loophole affect YOUR savings? image
Source : Daily Express [Read Article] Friday 30th of June 2017 09:50:00 PM
....”. It comes as Government figures revealed millions of Britons could be sleepwalking towards a poverty stricken retirement. ...
Let’s move to Aylsham, Norfolk: an extraordinarily ordinary delight image
.... Large creative community. A bit of a retirement town but still full of life by day. ...
Household income falling at fastest rate since 1976 as UK savings rates crash image
....Sterling had been edging higher after remarks by Threadneedle Street’s governor, Mark Carney, were seen as a hint that the first increase in interest rates in a decade would soon be announced. The ONS said that during the first three months of 2017, the savings ratio – a measure of how much money individuals are putting away for retirement or a rainy day out of their disposable income – fell below 2% for the first time. ...
BoE economist wants to hear about hardship in the UK - first stop Wales image
Source : Guardian [Read Article] Thursday 29th of June 2017 06:26:47 PM
....Three sixth-formers said they feared university loans, and two 25-year-old graduates said friends had left the area because of falling real wages. Alan, who was approaching retirement, said that he had been involved with research that had revealed people’s “coping strategies”. ...
Rupert Murdoch's Sky bid is now very likely to succeed image
Source : Guardian [Read Article] Thursday 29th of June 2017 03:01:16 PM
....The deeper problem may not be the points raised by ISS and Glass Lewis but Burberry’s record of showering its executives, especially Bailey, with vast sums. Peace, after 13 years in the chair, should know the drill: if he loses a second vote, he should accelerate a retirement currently vaguely scheduled for sometime before the end of next year. ...
'EU pension' planned for people who move between countries image
Source : Guardian [Read Article] Thursday 29th of June 2017 10:59:21 AM
....Many of the features of the EU pension are already on offer for those who shop around, but Valdis Dombrovskis, a vice-president of the commission responsible for financial services, said the brand would act as a quality kite mark, giving people confidence their cash was safe. “It has enormous potential as it will offer savers across the EU more choice when putting money aside for retirement,” he said. ...
Older homeowners forced to sell properties to clear debt on mortgages image
Source : Daily Express [Read Article] Wednesday 28th of June 2017 08:25:00 AM
....However, many endowment plans under-performed, leaving hundreds of thousands with a shortfall on their mortgage debt. This generation is now approaching retirement and many fear they can only clear the outstanding debt by selling up. ...
FCA says UK's £7tn asset management industry needs radical reform image
Source : Guardian [Read Article] Wednesday 28th of June 2017 07:28:17 AM
....Sean Hagerty, the managing director for Europe at Vanguard Asset Management, said: “Costs matter. Every pound that investors pay in charges is a pound out of their potential returns, reducing their chances of being able to afford a comfortable retirement or save for a mortgage deposit. ...
Endowment plan: Need-to-know advice on interest-only mortgage repayment problems image
.... . This generation is now approaching retirement and many fear they can only clear the outstanding debt by selling up. ...
Sky Sports to replace numbered channels and slash prices in revamp image
Source : Guardian [Read Article] Tuesday 27th of June 2017 01:29:39 PM
....Sky is scrapping its numbered sports channels and replacing them with themed offerings focused on specific sports – led by football, golf and cricket – as it combats falling viewer numbers with a branding revamp and a cheaper viewing package. The retirement of Sky Sports 1,2,3,4 and 5 and the introduction of a new package two-thirds cheaper than current prices represents a major shakeup of the strategy that has made Rupert Murdoch’s Sky a pay-TV powerhouse. ...
State pension BOMBSHELL: Payments 'to be MEANS-TESTED to stop crisis' image
Source : Daily Express [Read Article] Tuesday 27th of June 2017 11:34:00 AM
....The report by the University of Kent suggests state pension payments should be limited for pensioners paying higher-rate tax from as early as 2019, as a way of cutting the ballooning cost of pension benefits. Under the current rules, the state pension can be claimed by all, irrespective of wealth with access to the payments being given when the person reaches retirement age and provided they have a record of national insurance contributions. ...
DUP Deal: Pension Triple lock and Winter Fuel Allowance SAVED image
Source : Daily Express [Read Article] Monday 26th of June 2017 12:23:00 PM
.... . It means the retirement income from the state will continue to rise by the highest of 2. ...
Property owners' £2.3tn windfall 'has created huge inequality gap' image
Source : Guardian [Read Article] Tuesday 20th of June 2017 05:01:01 AM
.... But while the property bubble hugely benefited many of Britain’s baby boomers, it has also driven generational wealth progress into reverse by pricing younger people out of home ownership. “Property, pension and financial wealth can provide security and opportunities for families, as well as a decent income in retirement. ...
Pension transfers are now worth more than the average home image
Source : Daily Express [Read Article] Monday 19th of June 2017 12:00:00 AM
.... The recent pension freedoms gave over-55s with a DC pension more choice over how they take their pension pot. DC schemes generally do not have the same advantages that final salary schemes have of the saver ending up with a guaranteed level of retirement income. ...
REVEALED: 5 simple tricks to increase your pension and BEAT threatened cuts after election image
. Britain's saving and retirement rules can be complex and difficult to understand, but taking the time to review savings and projected income pays off. ...
British workers are missing out on ‘buy one, get one free’ pension offer image
....So if a worker puts in this amount, the company will put in the same, giving a total of 15% of salary going into their pot. That 15% is what is widely regarded by experts as the amount needed to secure an adequate retirement. ...
Pensions WARNING: Pots under pressure as older worker redundancy rate hits record high image
....While most age groups are on a downward trend, for older workers it has risen from 24 per cent of redundancies in 2000 to 34 per cent last year. Stephen Lowe, group communications director at specialist financial services company Just, said: “At a time when people are being urged to work later in life so they can build up adequate retirement funds, this is a worrying trend. ...
Thames Water needs to clean up its act after yet more fines | Nils Pratley image
.... It would be easier – and cheaper – to beef up the regulatory system than to buy an entire industry. Andrew Tyrie will be a hard act to follow as chairman of the Treasury select committee, as said here when the Conservative MP for Chichester announced his retirement from parliament before the election. ...
Shop around to tackle inflation as rate at four-time high image
Source : Daily Express [Read Article] Wednesday 14th of June 2017 08:20:00 AM
....That means spreading your money among cash, bonds, shares and other assets, such as property, to reduce volatility. Low savings rates are destroying the retirement plans of many, so do not let apathy do the rest. ...
PENSION CHAOS: Election leaves retirees in the dark over pension tax rules image
Source : Daily Express [Read Article] Monday 12th of June 2017 04:00:00 PM
. People taking retirement income through pension freedoms are at risk of huge bills from HMRC amid the confusion. ...
Pensions triple lock: What is the triple lock and will Theresa May get rid of it? image
....What is the alternative?. There are currently plans to raise the state pension age to 67 for those born after March 1961 and 68 for those born after March 1977, with proposals to raise the retirement age to 70 by as early as 2057. ...

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