Rising rents and mortgage costs are putting many people’s retirement plans under pressure, as new data from the English Housing Survey reveals. Renters report spending a higher proportion of their disposable income on rent (21%) than mortgage holders on their mortgage (16%). And while older people are more likely to own their homes outright, the English Housing Survey shows over a […]

A bundle of complex tax consultations published on 18th July contained what has been described as a “potential bombshell” for anyone expecting to inherit a pension pot free of income tax. Since 2015 it has been possible to inherit a pension pot free of both inheritance tax and income tax, where the person who died […]

“Life is what happens when you’re busy making other plans” goes the famous quote: the years heading towards retirement are rarely a straight line… and finding oneself having to provide care or support a family member can make a serious dent on our future finances. New research from Pension Bee shows that two-in-three people are […]

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 […]