Tricky teens: inflation set to soar beyond 13%
With projections that inflation could reach 13% and beyond into 2023, many people may be tempted to raid investments and access early retirement benefits to make ends meet.
Retirement
Catching up on your state pension
The deadline to boost to your state pension ends on 5 April 2023. If you think you could benefit, the time to act is now.
No time to waste: minimum pension contributions must rise
A new report from the ABI is sending a clear message to employers, employees and the self-employed – a significant increase in the minimum contributions to workplace pensions is required.
Retirement spending surprises
Recent research casts a new light on the spending habits of retirees, with expenditure increasing year-on-year between the ages of 62 and 80, contrary to popular opinion. Do you need to review your retirement plans for this new reality?
Auto-enrolment: an unusual success story
The success of automatic pension enrolment was recently underlined by new data from the ONS, but if you’re self-employed or only making minimum contributions, you may need to review your retirement planning.
The patchwork effect of rising inflation
Despite a sharp CPI rise in 2021, personal experiences are not all created equal, so it’s important that your financial and retirement plans always take account of inflation. Have you considered CPI in your future?
Holding back the years: the new State Pension Age dilemma
The DWP’s review of the SPA is now drawing to a close but shifts in life expectancy figures create a dilemma. So what does that mean for your retirement plans?
England’s social care cost cap
The government has revealed more information on how the £86,000 social care cost cap will work in practice, which is less generous than expected. Have you factored the cost of care in your retirement plans?
Escaping the higher minimum pension age
After the recent publication of the Finance Bill, the government unexpectedly closed the transfer window that allowed savers to join pension schemes and access their funds at 55.
Triple Lock shifts to Double Lock in 2022
The DWP has revealed that the Triple Lock will not apply next April, leaving a funding gap worth up to £9.35 a week. So how will the new Double Lock affect you?