Category: pensions & retirement & Uncategorized
2014 was a momentous year for pensions. Changes around how pensions could be drawn at retirement and how death taxes on pensions would be improved were both announced in the year, with the intention that all these new rules will be in place by the end of April 2015.
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Category: Investments & pensions & retirement & Uncategorized
New research from MGM Advantage, the retirement income specialist, suggests that UK adults are planning to use equity investments to help them outstrip inflation and manage the rising cost of living. Over half (53%) of UK adults rate the rising cost of living as their number one fear for retirement, and almost a third (32%) of pre-retirees surveyed, say they would retain some exposure to stocks and shares to offset the negative effects of inflation on their retirement income.
Category: pensions & retirement & Uncategorized
Half of UK employees on lower incomes and half of those aged 30-49 are now saving adequately for retirement, according to the latest Scottish Widows Workplace Pensions Report, showing the impact of automatic enrolment on the groups that need it most. As the legislation approaches its second anniversary, the annual report from Scottish Widows finds that the number of people on incomes of between ÂŁ10,000 and ÂŁ30,000 who are saving adequately for retirement has risen steadily from 34% in 2012 when auto-enrolment was introduced to 50% in 2014.
Category: Life Planning & retirement & savings & Uncategorized
A new Age UK survey has found that over one million people aged 65 plus in the UK describe themselves as always or often feeling lonely, an increase on the figures last year, and two in five (41%) say that their TV or pet is now their main form of company.
Category: pensions & retirement & Uncategorized
Much has been written about the new dawn of pensions flexibility ushered in by the Chancellor in his last budget. Amidst the thunderous applause and cries of âlong overdue!â from most pension holders there were, however, stern noises from certain quarters â Labourâs Ed Balls among them â that the overwhelming temptation for many would be to rush out and spend the newly release-able funds on hugely expensive sports cars and exotic once-in-a-lifetime holidays.
Category: retirement & Uncategorized
Faced with a hefty 55 per cent pensions tax bill because of HM Revenue & Customs new lower lifetime pensions allowance, many middle-to-high earners with generous pension arrangements are seriously on the lookout for alternatives to pensions as savings vehicles for retirement.
