Three personal finance changes to look out for in 2016

Category: savings & state pensions & Tax & Uncategorized

As usual, the coming year will see plenty of shifts in the financial planning landscape for all of us. Changes come about largely as a result of new legislation or policy introductions and, whilst there isn’t anything quite as dramatic as 2015’s introduction of pension freedoms on the horizon, there’s still plenty to look out for in 2016. Here are three of the biggest changes you may wish to familiarise yourself with.

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State Pension changes in 2016 – can I top up my pension?

Category: pensions & state pensions & Uncategorized

A new initiative allows people who reach the state pension age before April 2016, to top up their pension. This includes those that are already drawing the state pension. The Government is allowing retirees to buy extra state pension by paying so-called Class 3A voluntary National Insurance contributions between October 2015 and April 2017. This will help people reaching state pension age before April 2016 who will not receive the new flat-rate state pension.

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