Friday, June 14, 2024 10:51 am Part Facebook Share on Facebook X Share on Twitter LinkedIn Share on LinkedIn WhatsApp Share on WhatsApp E-mail Share via email At its peak in 2017, the fund held £130m of UK shares. However, by the end of last year this had fallen by 92 percent to just £10 … Read more
Experts are reminding Brits of the seven ‘tricks’ that could significantly boost their pension savings in the coming years. Increasing pension contributions, using ISAs and taking advantage of tax benefits, including when it comes to capital gains tax (CGT) and inheritance tax (IHT), are among the recommendations. Here’s a full list of the seven “tricks” … Read more
Withdrawing money from your pension while you are still working can make financial sense You could also damage your future finances or make a tax mistake The minimum age at which you can access private pensions will rise from 55 to 57 in 2028 Nearly one in three people over 55 give up their pension … Read more
“These integrated retirement communities [IRCs] fill the gap between the family home and the nursing home,” says Tom Scaife, head of seniors housing at Knight Frank. “I visit so many 80-year-olds who live in one room of their London townhouse because they can’t walk up the stairs. We are failing a generation if we do … Read more
Lack of knowledge about the AOW means that retirees receive less AOW than they expected, an expert has warned. After the confirmation of the triple lock, the state pension rose by an inflation-breaking 8.5 percent. Since April, pensioners on the full new state pension have been getting £221.20 a week or £11,502.40 a year and … Read more