Income Tax threshold freeze could be burden for pensioners – Quilter
Quilter commented on the rumours that Rachel Reeves may extend the income tax threshold freeze to 2030, and its impact on pensioners.
Loss of NIC pension relief could cost employers nearly £500 per worker
The removal of NIC pension relief could be a hit to employers, particularly those contributing more than the minimum.
State Pension Shortfall Day arrives for pensioners with minimum standard of living
Today marks State Pension Shortfall Day – the point in 2024 when a single pensioner on the ‘minimum’ of the PLSA Retirement Living Standards would have exhausted the full new State Pension and be reliant on private pension income or other savings to bridge the gap.
State Pension to increase by 4.1% as CPI drops to 1.7%
State Pension increases of 4.1% for 2025/26 will outstrip general price rises for the second year running.
Younger workers save 10% of wages to pension, twice as much as older employees – Royal London
The younger age group is more likely to be taking advantage of employer-matching contributions (51%) compared to those aged 50 and above (38%).
Should the UK adopt South Africa’s ‘two-pot’ retirement savings system?
Inflation and the subsequent cost-of-living crisis have pushed millions of UK citizens to the brink of financial crisis.
Women have £60 in pensions for every £100 saved by men at 55, menopause key factor – Royal London
Ahead of World Menopause Day, Clare Moffat commented on the impact on women’s working lives, and the implications for their pension.
Majority back regulated introduction of targeted retirement support, finds Aegon
These findings come as the Government and Financial Conduct Authority (FCA) consult on plans for regulated firms to provide 'targeted support'.
Budget shake-up could negatively affect pension planning – Hargreaves Lansdown
Tax-free cash was reduced to a maximum of £268,275 by the last Government, prompting further speculation as to whether it would be eroded further in future.
Bravura selected by West Yorkshire Pension Fund to connect to Pensions Dashboard
This will enable more than 400,000 members to find and view their WYPF-administered pensions when pensions dashboards are available to the public.
WTW proposes replacement options for ‘broken’ DC pensions
The firm proposed four ways of replacing DC pensions with designs that could help employees achieve better outcomes.
Third of self-employed have less than £1,000 in savings, finds interactive investor
90% of self-employed workers aged 55 and over were off track for a moderately comfortable retirement.
