Savings

Pension tax changes criticised for their inefficiency

Plans by the government to raise taxes on the pension contributions of high-income individuals has been described as inefficient.

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The retired facing 'complex' tax regime

The tax system for people in retirement has been described as being too complex, and, as a result, too many older people overpay their taxes.

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ISAs attract women and young savers

More women and young people have been turning to Individual Savings Accounts (ISAs) since their introduction, new research suggests.

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Outlook for savers worsens as inflation rises again

Savers are likely to see a further drop in the value of their money following January’s sharp rise in the rate of inflation.

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Pension cut-off date approaching

Pension savers who wish to use their retirement pots sooner rather than later will need to act quickly if they are not to be faced with a five-year wait.

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Pension incomes hit by significant decline

Retirement incomes have seen a sharp fall over the past ten years, a new study has revealed.

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Dip in dividends poses threat to pensions

Dividend payments by UK companies fell by £10 billion in 2009, it has been reported.

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Savers turn to investment funds

Poor returns on conventional deposit accounts saw more and more savers choosing instead to put their money into investment funds last year.

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Consultation on retirement age closes

The government’s consultation into the future of the default retirement age of 65 has closed.

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Savings on the increase during the recession

The recession appears to have prompted people to save more but only a little more.

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