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15 Aug 2018
August 15, 2018 The concept of retirement is changing, with growing numbers of people choosing to work past traditional retirement ages, or reduce their hours gradually. Stopping work on a set date like a 65th birthday is no longer seen as the norm, according to research by Aegon. Only one…
13 Aug 2018
August 13, 2018 Young workers in the UK are pessimistic about how much money they will have in retirement but are keen to do what they can to prepare, according to investment advisers State Street. A survey by the firm found that fewer than one in 10 young workers felt financially prepared…
09 Aug 2018
August 9, 2018 Many employees will see an increase in their total pay this year, according to a survey by the British Chambers of Commerce (BCC) and online recruitment company Indeed. The survey of 1,020 UK businesses of all sizes and sectors found that 6% of firms will increase pay by more…
08 Aug 2018
August 8, 2018 Pension savers who move out of their employer´s defined benefit scheme risk losing up to seven years of retirement income due to avoidable charges, a new report has warned.
01 Aug 2018
August 1, 2018 High-earning families who don´t register for Child Benefit could end up with a smaller state pension, the Treasury Committee has warned. Since 2013, Child Benefit is no longer paid to families with a high earner. For couples where one partner earns between £50,000 and £60,000,…
25 Jul 2018
July 25, 2018 One in seven people think they will still be paying their mortgage at the age of 70, according to research by Aegon. In the past, mortgages were usually paid off well before retirement but a survey of 700 adults found that 14% expect to still be paying off their house purchase…
18 Jul 2018
July 18, 2018 The pension freedoms have led many over-50s to change their retirement plans, new research reveals. A survey by Retirement Advantage found that one in five (20%) over-50s have altered their plans because of the pension reforms, driven by the ability to access all of their…
11 Jul 2018
July 11, 2018 If you think you´ll stop paying tax when you retire, think again. A freedom of information (FOI) request by Royal London has revealed that pensioners across the UK paid more than £24bn in income tax in 2015/16 — the latest year for which detailed figures are available.
04 Jul 2018
July 4, 2018 The pension reforms introduced in 2015 mean that savers no longer have to purchase an annuity with their pension savings. Instead, you can choose to access all of your pension savings from the age of 55 or keep part of your pension pot invested in the stock market while drawing…