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pensions

Displaying items by tag: pensions

The number of people saving adequately for retirement is the highest it has been since 2009 – standing at 53% - Scottish Widows has said.
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Pension providers are not trusted to offer impartial guidance on retirement options, according to a new Which? survey.
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A new directory of regulated financial advisers who specialise in retirement guidance is to be set up to help consumers looking for help as they get ready for life after work.
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The new Collective Defined Contribution plans announced today by the Government, as anticipated, have brought an initially sceptical reaction from some quarters.
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Retired households paid the equivalent of £45.6 billion in taxes over a year, new research has found, with the average retiree family paying out 30 per cent of annual income to the taxman.
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The Office for National Statistics has projected that the number of people aged 65 and over will increase in all regions by an average of 22% between mid-2012 and mid-2022.
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More than £56 million of pension funds that had been previously lost or forgotten about by British expats were recovered for them last year by deVere Group.
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Thursday, 10 April 2014 09:22

Pension tax free lump sum decision time extended

People who have recently taken a tax-free lump sum from their defined contribution pension will get 18 months rather than six months to decide what they wish to do with the rest of their retirement savings.
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Pensions Minister Steve Webb said measures announced today will ensure pension schemes deliver value for money for savers.
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Wednesday, 19 March 2014 15:16

Major pension changes announced in Budget

The Chancellor announced a wave of tax changes to Isas, pensions and higher rate thresholds in his Budget speech this afternoon including raising the annual Isa limit to £15,000.
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