Savings

Retired household income remains steady

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

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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.

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Self-employed not paying into pensions

Only 17% of self-employed people are saving into a pension, according to the Office for National Statistics.

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Millennials saving more than 35-55 year olds

The millennial generation – those who have reached adulthood in the year 2000s (18-34 years old), have twice the amount of money and half the debt as those aged 35-55.

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Fall in pension withdrawals

The number of people accessing their pension pots dropped in the third quarter of 2015.

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Millions missing financial education

Over 15 million Britons have never received financial advice or been taught about managing their money, according to research by NS&I.

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Uncertainty over pension savings

49% of people are worried that they will not have enough pension savings to be comfortable in retirement.

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Recently retirees’ share of wealth passes the under 45s

Recent retirees now enjoy a larger share of property wealth than people under 45.

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Self-employed workers fail to save for retirement

Less than 1 in 10 self-employed workers made personal pension contributions in the 2013/14 tax year.

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First-time buyers set to open Help to Buy ISAs

Help to Buy ISAs are set to launch from the 1 December, aiming to help first-time buyers save a deposit for a home.

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