Displaying items by tag: retirement planning

Chancellor Rachel Reeves is considering cutting the lump sum savers can remove from their pension without having to pay tax, according to reports.

Two in five British women (37%) have never reviewed their pension forecast, according to new research.

New research suggests that Individual Savings Accounts (ISAs) are at the heart of many people’s retirement savings plans.

Two thirds (63%) of over-55s who plan to return to paid work have failed to check the potential tax implications of doing so, according to a new report.

Almost one in five (16%) of Britons had accessed funds from their pension savings without understanding the rules before doing so, according to a new report.

Half (49%) of workers in the UK plan to work beyond State Pension age, with the average expected retirement age of 72.

Too many Financial Planners are relying on averages for their retirement income planning process, according to DFM Hymans Robertson Investment Services.

Increasing numbers of over-50s are turning to self-employment to help boost their retirement savings, according to new figures.

Britons have lost out on £1.13bn of tax relief in the five years to 2020/21, according to Hargreaves Lansdown.

Almost half of peopled aged over 50 do not have a detailed retirement plan while only 16% of UK adults are ‘totally confident’ they have enough money to retire in comfort, according to a new UK Retirement Confidence Index.