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Category: Lifestyle & retirement & Uncategorized
Good news for all of us who have accepted that we are getting older: Saga reports that new European research shows that 60 is the new 40! The research reveals that people are now reaching middle age at the tender age of 60, instead of the previously expected figure of 40 years old.
Category: annuity & retirement & Uncategorized
An annuity is a regular monthly income source that savers, largely from private sector companies, receive at retirement in exchange for their lifetime pension savings. Now George Osborne has said that around five million pensioners, who have used their retirement savings to buy an annuity, will be allowed to sell it for a cash sum after March 2016 and consultation has begun on how a second-hand annuity market might operate and be regulated.
Category: Market commentary & Uncategorized
In the UK April saw the clock ticking down towards the General Election. For the rest of the world, life went on pretty much as normal: thatâs to say, China and Germany remorselessly cranked out another trade surplus, the American economy gave us more mixed signals, and Greece teetered on the edge of bankruptcy.
Category: Investments & pensions & Uncategorized
According to HMRC, 45% of savers in stocks and shares ISAs are aged 55 or over. These savers already understand the mantra of âgross is goodâ and have chosen an investment on which thereâs no additional tax due on investment growth and income. What many investors seem to be unaware of is that the exact same tax treatment is available on funds held within a pension.
Category: financial planning & Investments & Uncategorized
New research from Experian has revealed key factors driving people to pull out of an application for a financial product or service. A lengthy application process is the number one frustration felt by over half (51 per cent) of UK adults applying for financial products and services, according to new research by Experian, the global information services company. The research, which looks at the top frustrations causing customers to pull out of an application, found that two fifths (40 per cent) of adults were deterred by the length and complexity of the application form, putting them off completing the application altogether.
Category: Civil Penalties & Tax Avoidance & Uncategorized
Revealed during the 2015 Budget, the government has introduced new measures to discourage tax avoidance. Headlining these measures are two new criminal offences and higher penalties, which cannot only be brought against those who avoid tax, but also those who enable tax avoidance.
