News

Pension freedoms age rising to 57 in 2028 dashes early retirement hopes. The age at which retirement savers can access their private pensions will increase from 55 to 57 in 2028 confirmed.

Building your savings for later life care. Paying for long-term care is not cheap, and the burden first falls on private individuals. Ros Altman – the former pension's minister – described the nation as “sleepwalking into a social care crisis”, and already the costs borne privately are staggering.

How to save for a pension if you work for yourself. For ministers to say workplace pensions have been an “extraordinary success” is perfectly valid, but those excluded from the government’s flagship scheme may not share that sentiment.

Help-to-buy equity loan scheme gets two-month extension. The Government has extended a loan scheme which is designed to help those who are struggling to save for a mortgage deposit.

Key considerations in times of market volatility. In an age of COVID-19, there will be compelling investment opportunities but it’s important to align this year’s investments with your long-term goals.

HMRC’s evolving stance on taxing cryptocurrencies. Since the launch of Bitcoin in 2009, cryptocurrencies have grown steadily into the public consciousness and the taxman’s too. Once the realm of geeks and hackers, cryptocurrencies are becoming more mainstream.

Many workers in sectors that shut down during the COVID-19 lockdown could be facing a retirement savings crisis, according to a report. Scottish Widows polled 5,757 savers for its annual retirement report, which was undertaken in March 2020 – during the height of the pandemic.

COVID-19 prompts spike in fraudulent behaviour. While the UK tries to deal with the economic impacts from COVID-19, reports are rife of fraudsters stepping up their attempts to access your money.

Should you transfer or consolidate funds? Around £19.4 billion has not been claimed in 1.6 million lost or forgotten pension pots, according to the Association of British Insurers (ABI). On average, this equates to about £13,000 per pension pot.

Base rate cuts have significant effect on savings market. Dwindling interest rates have seen average savings rates for ISAs drop to their lowest levels since records began in 2008, according to Moneyfacts.

Being the director of a limited company gives you independence. It gives you the freedom to choose how and when you work, and to determine the direction of your business as you build it over time.

Anyone who watched ITV’s recent drama Quiz, depicting Charles Ingram cheating his way to £1m on Who Wants to Be a Millionaire? back in 2001, can be forgiven for dreaming of scooping a windfall.