Friday, November 22, 2024
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Pensions

Rachel Reeves hit by extra £100m state pension bill

However, former pensions minister Sir Steve Webb said the additional 0.1 percentage...

State pension future in doubt as triple lock to ‘cost unwelcome £100million’ next year

The future of the state pension in its current iteration has been called into further doubt as the Government faces an "unexpected" £100million increase...

State pension set to increase higher than predicted at £473 from next April

The state pension is set to be higher than expected for millions of pensioners as a result of revised earnings figures.The Office for National...

France pledges to spare middle class after unveiling draconian budget cuts

“These tax measures will not hit the lower incomes, the middle classes and those who work,” Saint-Martin told reporters. “It is a path that...

Pensioner pessimism drives ‘clear fall in consumer confidence’ ahead of Reeves’ Budget

Consumer confidence in the UK has taken a sharp downturn, with pensioners' pessimism about their future finances leading to the decline ahead of Chancellor...

Pension crisis looms as almost three millions older Britons face ‘bleak retirement’

Nearly three million Britons are set to face a "retirement crisis" by 2040, according to new analysis. Within the next five years, most defined...

How much can a £100,000 pension pot get you in retirement?

A £100,000 pension pot can now secure a significantly higher retirement income through annuities compared to recent years. Sales soared by nearly 39 per...

Rachel Reeves set to declare all-out war on pensioners with cap on tax-free lump sum in the wake of the Winter Fuel Payment cut

The chancellor could declare all-out war on pensioners with a cap on Lump Sum Allowance (LSA) off the back of the Winter Fuel Payment...

Don’t use a pension to save for retirement, do this instead

This latter feature, which makes Isas popular with savers and largely immune...

Pension system under pressure as millions on track for ‘disappointing’ retirement income – ‘ticking time bomb’

Millions of UK employees are on track for inadequate retirement incomes, according to new research from the Institute for Fiscal Studies (IFS). The study,...

Millions failing to put enough in pension for comfortable retirement, says IFS

Fewer than half of UK private sector employees are putting enough money in their pensions to have a comfortable retirement, according to research, which...

Quarter of self-employed have no more than £10k in wealth

Around a quarter of self-employed people have no more than £10,000 in total wealth, with reform needed to encourage more saving, according to a...

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