If you are wondering whether you might need to review the date when you plan to retire, go part time, or take on lower paid work, you’re not alone – and with good reason as the financial goalposts keep being moved. What a difference a year makes. Last year, the media was full of stories […]

How much would you need to put aside in order to receive the full state pension? The figures are in and they make a compelling argument to keep your contributions topped up. Many, but not all of us, will be heading into retirement with the prospect of a full state pension to look forward to. […]

Sales of annuities, which provide a guaranteed income for life, surged 22% during the first three months of 2023 according to the latest data from the Association of British Insurers – and high inflation and rising interest rates look set to continue the trend. Annuity rates are strongly linked to interest rates, and the sharp […]

In 2028, the minimum age at which workers can access their pension savings will rise from 55 to 57. And, if this is worrying you, you are not alone. More than six in ten 50-year-old workers (63%) are concerned about this increase, according to new research from TPT Retirement Solutions. The research also found that: a […]

Arguably one of the best value forms of pension savings is the state pension; and, regardless of your other investments and savings, if you are short of NI contributions to ensure you receive the full amount on reaching the State Pension Age (SPA) now is the time to act. Someone with ten missing years could […]

Described by The Investors Chronicle as the “holy grail solution” for anyone wanting to take control of their retirement finances, RetireEasy.co.uk has proved to be the online tool of choice of thousands of people heading towards the day when they will depend upon their pensions, investments and savings. But how does it work? And, critically, […]

It’s commonly assumed that, as we move towards and into retirement, we need less space in our home. The children (theoretically!) have left. At the same time, it may well be that we can move to a different (read “cheaper”) location since we do not need to be close to our place of work. Or […]

New research by Standard Life has revealed that a worrying three in every four people (75 per cent) are ignorant of how much they have saved in their pensions. Perhaps even more alarmingly, the study found that as many as 79 per cent – four in every five – of those aged between 55 and 64 could […]

An estimated 41,000 taxpayers incurred an inheritance tax liability on death in 2022/23, according to new HMRC data – a 24% increase on the previous year (33,000), leading experts to advise homeowners, or those with large savings and investments, to act now to avoid their families losing out in the future. The freeze in the […]

A new report for the Institute of Fiscal Studies has laid bare a series of major challenges for the pensions industry – and the tens of millions of people who either will or already do reply upon it. The report makes the case for a new review of the pension system in the UK. They […]