Savings

New tax year brings changes for savers

The start of the new tax year signals the arrival of a range of changes to taxation for businesses and individuals.

Read more

New state pension commences

A new single-tier state pension will be introduced for those who reach their state pension age on or after 6 April 2016.

Read more

Demand for cashing in pensions “settling down”

A year on from the introduction of pension freedoms in 2015, the demand for cashing in pensions pots has begun “settling down” according to data from the Association of British Insurers.

Read more

Lifetime ISA may be unsuitable product for many

Chancellor George Osborne announced in his Budget statement a new lifetime ISA for people under the age of 40.

Read more

Job costs add up to £91 billion a year

Workers spend a total of £91 billion a year on costs related to their jobs, according to research from Santander.

Read more

Parents unaware of support available

50% of first-time mothers are unaware of the government’s childcare policies and the support available to them, according to a Social Mobility and Child Poverty Commission survey.

Read more

Savers underestimating how much they need for retirement

8 out of 10 people are unaware of how much they need to save to achieve their target for retirement, according to research by Seven Investment Management.

Read more

Investors expect dividend cuts

56% of personal investors are concerned that businesses may cut their dividends, according to research by The Share Centre.

Read more

Retired household income remains steady

Retired household income was largely unaffected by the economic downturn, according to the Office for National Statistics.

Read more

Pension ISA tax relief could lower savings

The potential pension ISA tax relief currently being considered by the government could lower savings by a sixth, according to research by the Association of British Insurers.

Read more
Syndicate content