savings

Should we scrap tax reliefs on pensions and create a lifetime ISA for all?

September 15, 2015 by TIna

Category: ISA & pensions & retirement & savings & Uncategorized

A single Lifetime ISA for everyone should be created with all tax reliefs on pension contributions being scrapped, a leading figure at the Centre for Policy Studies (CPS) has proposed, according to an article published by the CPS. Research Fellow Michael Johnson said the opportunity has come for a radical overhaul of savings after the Chancellor launched a consultation into the future of the pensions tax regime in July.

Should your Junior ISA be in Cash or Stocks and Shares?

August 27, 2015 by TIna

Category: Family & ISA & savings & Uncategorized

Children born after 3 January 2011 – or those aged under 18 and born before 1 September 2002 – can open a Junior ISA. This also applies for those children born between 1 September 2002 and 3 January 2011 who are not eligible for a Child Trust Fund (CTF).

Money is more worrying than Health to over-50s

August 14, 2015 by TIna

Category: Health & Lifestyle & savings & Uncategorized

Concerns over money dominate the thinking of pre-retirees, according to new research from Retirement Advantage. Conducted by YouGov in May 2015 with over one thousand survey respondents aged over 50 and not in retirement, the study finds almost half (49%) of the over 50s are worried about not having enough money in retirement to do the things they want to do, compared to just over a third (37%) who are concerned about health problems.

Understanding new Annuity products

August 13, 2015 by TIna

Category: annuity & savings & Uncategorized

Retirement Advantage is warning that more work is needed to ensure people understand the benefits of the new annuity products available following the introduction of the pension freedoms in April.

Personal savings shortfall? The state pension may not be the answer to bridging it.

August 11, 2015 by TIna

Category: pensions & retirement & savings & Uncategorized

The typical working over-45 year old faces a £8,955 annual retirement income gap based on their current savings and investments – meaning they will rely heavily on a state pension that will still leave them short, the latest Aviva Real Retirement Report shows.

Latest ‘Retirement Readiness’ report shows the UK still has a major savings problem

July 02, 2015 by TIna

Category: Lifestyle & retirement & savings & Uncategorized

New research in Spring 2015 from Aegon UK reveals that just 7% of the UK population are on track for the retirement they aspire to, exactly the same percentage as in April 2014. Aegon’s third UK Readiness Report – the latest in a series of reports that looks at attitudes towards retirement – has a particular focus on levels of engagement with workplace pensions. It finds that the nation’s ‘readiness score’ has actually fallen over 12 months from 52 to 47. The people surveyed said that they wanted to retire at age 63, contributing to the falling score, as people’s expectations about the amount of money they hope to retire on each year rose from £35,000 to £42,000, despite the fact that this would require a saving pot of more than £1m, a sum higher than the new pension lifetime allowance.

Should we scrap tax reliefs on pensions and create a lifetime ISA for all?

Should your Junior ISA be in Cash or Stocks and Shares?

Money is more worrying than Health to over-50s

Understanding new Annuity products

Personal savings shortfall? The state pension may not be the answer to bridging it.

Latest ‘Retirement Readiness’ report shows the UK still has a major savings problem

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