UK workers have lost track of up to 1.6 million workplace pension pots, according to the latest estimates. A lack of understanding of how to manage pension savings could result in many people being substantially worse off in retirement.
Is your glass half full or half empty? When managing your money and ensuring your financial security, both optimism and pessimism have key roles to play.
Changes to state pension age and pension credit, alongside reports of forecasting errors, are creating uncertainty around this most important benefit.
You can normally pay up to £40,000 into a pension each year and receive tax relief on it – this is your annual allowance. But you need to beware of not one but two big risks to your allowance, which could cost you a lot in tax.
More people in retirement are turning to their homes as a source of cash. This usually means using a specialist equity release provider – but could an arrangement popular in France provide an alternative solution? Welcome to the strange world of the ‘viager’.
A landlord has been forced to hand back £15,000 of rent due to not having the correct licence on his property. The action brought by five tenants highlights the need for landlords to ensure they are fully compliant.
The slowdown in the housing market caused by Brexit uncertainty is showing signs of shifting, thanks to the postponement of the UK’s leaving date. Asking prices are bouncing back as more homeowners decide they can wait no longer.
For the truly patient parent, there’s a little-known trick for setting your child up for life – later life, that is. A Junior SIPP may offer the most affordable long-term route to a millionaire’s retirement for your daughter or son.
As Japan contemplates a national pension age of 70 or 75, and the UK’s own state pension age continues to rise, workers everywhere face the prospect of delayed retirement. Meanwhile, many British workers fear their own pension savings will not be sufficient – so what’s the solution?
So you’ve heard about ‘robo-advice’ – you’re just not sure what it means. Could online apps really deliver a service comparable to financial advice? Here are some reasons to be sceptical.
Many older people turned to their properties as a source of cash last year, due to the rising costs associated with later life. In 2018 homeowners borrowed nearly £11 million a day against the value of their homes, via the process known as ‘equity release’.