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Younger workers saving ‘aggressively’ for retirement
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Younger workers are much more money-minded than people might expect and are saving aggressively to achieve an ambitious retirement, according to a new report.
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HNWIs lose half their pension in tax
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The UK’s wealthiest retirees paid themselves annual pension income of around £3m each last year but lost almost half of that in tax, according to figures published for the first time today.
People raiding pension pots over Budget tax fears
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Rumours of a tax rise in the Budget have encouraged 16% of people to plan to raid their pension pots for tax-free cash, according to new research.
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Retirees want targeted support
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Two-thirds (64%) of individuals aged 50-59 would be interested in receiving targeted support suggestions from regulated firms, new research suggests.
Savers call for higher pension contributions
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Concerns over pensions adequacy remain a priority for some people, according to a survey from the Pensions and Lifetime Savings Association (PLSA).