State pension increase no match for soaring inflation
From 11 April the state pension increases by 3.1%. This gives someone on a full new state pension £185.15 per week and someone..
Finance
Finance
CHARITIES ‘MISS OUT ON £940 MILLION’ TAX RELIEF
Hard-pressed charities could be missing out on more than £940 million a year, as generous donors fail to claim tax relief on the money..
Finance
Ingenious launches a new type of estate planning service – IEP Apex
Ingenious today announces the launch of IEP Apex, a simple and cost-effective solution for any financial advisers and their clients lo..
Finance
Pension mistakes to avoid in last minute dash to tax year end
Important to make use of tax allowances to get the most of your pension contributions before end of tax year. You can use carr..
Finance
Majority of young Brits think the current credit score system is fundamentally flawed
LONDON, 31st March 2022 – More than half (54 per cent) of young people, aged 18-34, think the current credit score system is fu..
Finance
Pensioner incomes on the rise but is everyone getting what they are owed?
In 2021, pensioners had an average income of £361 after housing costs, an increase from £333 in FYE 2020. Younger pensioners t..
Finance
Pension savers risk short term issues with one in four lacking surplus income
There was a clear correlation between pension adequacy and home ownership in the findings from the HL Savings and Resilience b..
Finance
Could pension tax relief reform be on the agenda as government considers a fairer system?
In background documents for today’s Spring statement, it said government would consider reform of tax reliefs and allowances to..
Finance
National Insurance threshold hike must not impact state pension entitlement
In April 2022 the Health and Social care levy comes into effect. This is a 1.25 percentage point increase on National Insuranc..
Finance
Pension withdrawals soar by 20% in 2021 as cost of living starts to bite
£8.3bn was flexibly withdrawn from pensions between April and December 2021 – a 19% increase on the same period in 2020. 648,0..
Finance