Seven out of 10 pension savers favour retirement income targets
Without professional advice, it can be very difficult to know if you’re saving enough for your retirement. It’s unsurprising then that many savers who took part in a survey5 carried out by the Pensions & Lifetime Savings Association (PLSA) believe that saving and planning would be made easier by having retirement income targets available, a […]
Women are better savers than men
Women, it seems, are heeding the message about saving for retirement and are saving more for their future than men, after adjusting for earnings. However, the fact that women are saving more as a percentage of their earnings, but still achieving lower balances in their pension plans, shows the effect that the gender pay gap […]
IHT – under the spotlight
According to figures from HM Revenue and Customs, Inheritance Tax (IHT) revenues are up again, with £5bn being paid in the 2017–18 tax year. This increase comes despite the introduction of the residence nil-rate band in 2017. With more families falling into the IHT bracket, campaigners are hoping that the current review by the Office […]