Savings

Parents to use Lifetime ISA to support children

Many parents are preparing to utilise the Lifetime ISA as a tool to encourage their children to save.

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Over 55s unaware of new state pension age

A quarter of older workers over 55 are unaware of the new state pension age.

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Average self-employed private pension savings half of employees

Average pension savings for self-employed people is half that of full-time employees.

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Older savers call for more ISA clarity

Older savers are calling for ISAs to be simplified.

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Deposit compensation limit increased

As of 30 January 2017, the deposit compensation limit is £85,000, up from the previous limit of £75,000.

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Many still unaware of Lifetime ISA

Many people are unaware of the Lifetime ISA and how it works, 2 months before its official launch.

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Average inheritance now £119,000

Over 55s are likely to save the majority of any inheritance, which now stands at £119,000.

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21% lose track of multiple pensions

21% of people with multiple pension pots have misplaced one or all of their retirement savings.

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Half of adults want to retire before state pension age

When would you like to retire? 48% of working adults would like to before they reach stage pension age.

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Office workers spend £1,000 a year at work

The average office worker spends around £1,000 a year on expenses such as coffee, birthday presents and nights out.

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