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Category: Uncategorized
A Child Trust Fund (CTF) is a long-term, tax-free savings account for children, set up by the previous government. Child Trust Fund accounts are no longer available. In most circumstances your child was entitled to a CTF if all of the following applied:
Category: Uncategorized
A shift in the UK working culture and confusion around retirement planning is creating a pension āblack holeā, with almost a quarter (23%) of UK adults stating they have lost track of at least one of their own pension schemes, according to a new poll for Age UK.
Category: Uncategorized
In 1901 there were ten people of working age for every person whoād retired. A hundred years later, the ratio was three to one ā and by 2050 the Department for Work and Pensions estimates that there will only be two people of working age for every person receiving a pension.
Category: Uncategorized
In 1720 hundreds of people were ruined when the āSouth Sea Bubbleā collapsed. The share price of the South Sea Company had been inflated to ridiculous levels by insider trading: bribes were paid to politicians, some people got rich, far more were ruined and considerable damage was done to the national economy.
Category: Uncategorized
Research by Standard Life has evidenced that people in Britainās baby boomer generation, now approaching retirement, say that their biggest financial regret is not starting saving for retirement earlier.
Nearly one in seven (15%) of adults responding, admitted wishing they had started a pension sooner, with the figure rising to one in five for those approaching retirement.
Category: Uncategorized
Since April 2010, the age at which women can first receive a state pension has been rising from 60. It is currently at 61 years and 5 months and is due to rise to 66 by 2020. So far, this change has played a part in increasing employment among those women directly affected by the reform.
