Savers in the dark about their pension

Are you among the 30.4 million working-age people who don’t know if their pension pot will be big enough to afford a comfortable lifestyle in retirement? According to a report by the Pension and Lifetime Savings Association (PLSA), some of the blame for this worrying statistic could be down to simply not knowing how much [...]

October 20th, 2018|Pensions|

Record numbers are saving into a pension, but will your retirement pot last into your 90s?

Record amounts are now being saved into personal pensions, according to HM Revenue & Customs (HMRC). The latest data from the taxman, for the 2016/2017 financial year, shows £24.8bn was paid into personal pensions, up from £24.3bn a year before. The number of individuals contributing to a personal pension also increased to a new high [...]

October 8th, 2018|Pensions|

Don’t let student debt harm your pension

School may be out for summer but many students and their proud parents will be starting to gear up for graduation ceremonies. Beyond the hat and gown, graduates will soon be entering the jobs market and Royal London warns while many will be looking to pay off their student debt immediately, that shouldn’t necessarily be [...]

August 1st, 2018|Pensions|

Is your retirement at risk by multi-jobbing?

The never-ending bills and rising childcare costs means many people are taking on more than one job, but is this hitting your retirement savings? Scottish Widows is warning that those with multiple jobs may not be saving enough for their pension. This is because people could hold a number of part-time or jobs each paying [...]

June 27th, 2018|Pensions|

Why you shouldn’t be put off by an increase in auto enrolment pension contributions

You may see a slightly bigger dent in your payslip this month due to changes to auto-enrolment pension rules. From 6 April 2018, minimum pension contributions, paid by employers and employees, through auto-enrolment have risen from 2% to 5%. That is 2% from your employer and 3% from your gross salary. The minimum will be [...]

April 19th, 2018|Pensions, News|

Let’s talk about tax efficiencies

There are two certainties in life, death and taxes.  You can’t do much about death, but you can manage your finances to ensure the best use of your tax allowances. The end of the tax year is just a couple of weeks away but there is still time to make use of your allowances. A [...]

March 21st, 2018|Investments, Pensions, Finance|

Butters Mutters – Tata is a warning to watch for predatory practices

When I sat down to write this month’s Butters Mutters, my heart was initially set on something to do with British Airways’ decision to – from April next year – bump the remaining 20,000 of its 37,000 staff into the company’s Defined Contribution pension scheme, as reported in last Saturday’s papers. While the decision is [...]

December 19th, 2017|Investments, Pensions, Finance, News|