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From time to time, we produce information for clients on a number of topical and important issues, some of which can be found below:

Blunder in state pension age rise could cost some women up to £9,000 in lost income - May 20, 2019
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According to a new report by Money Mail, thousands of women may find that their returns on private pensions may be lower due to the change to their official retirement age. Those most likely to be affected are workers approaching the end of their careers, whose pension fund is moved into safer, but less profitable … Continue reading Blunder in state pension age rise could cost some women up to £9,000 in lost income


Number of retirees exploring pension freedoms and equity release is on the rise - May 20, 2019
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According to several recent studies, those in retirement are enjoying a multi-billion-pound boom in income as they use equity release and pension freedoms. New figures from the Equity Release Council (ERC) indicate that last year the number of people choosing to release money from their homes rose by around a quarter helping retirees to unlock … Continue reading Number of retirees exploring pension freedoms and equity release is on the rise


Lack of savings leaves thousands at risk from large bills - April 23, 2019
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A new survey has found that around six in 10 workers in the UK do not have sufficient savings to cover the cost of a large, unexpected bill. The study of more than 10,000 employees, produced by the Yorkshire Building Society in partnership with Salary Finance, found that 60 per cent of people say they … Continue reading Lack of savings leaves thousands at risk from large bills


Retirees without a private pension could be facing £68,000 shortfall - April 23, 2019
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According to new research by Nationwide Building Society, future pensioners are at risk of underestimating the amount they need to save to retire comfortably by more than £68,000. The building society’s survey found that 33 per cent of middle-aged savers, who will soon be approaching retirement, believe that they will be able to live on … Continue reading Retirees without a private pension could be facing £68,000 shortfall


Annual state pension rises may not be passed on to pensioner ex-pats post-Brexit - March 19, 2019
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The former pensions minister, Ros Altmann, has warned thousands of British pensioners living in the European Union that they may lose out on state pension increases as a result of Brexit. According to Ros Altmann, the UK Government has so far only agreed to pay pension increases on a reciprocal basis with other EU member … Continue reading Annual state pension rises may not be passed on to pensioner ex-pats post-Brexit


New data shows that the Government has overtaxed pensioners by up to £30 million in recent months - March 19, 2019
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The latest figures from HM Revenue & Customs (HMRC) have revealed that the Government has repaid around £30 million to savers who were overtaxed on pension freedom withdrawals during the final three months of 2018. The new data adds to existing research, which shows that since the introduction of the pension freedoms in April 2015, … Continue reading New data shows that the Government has overtaxed pensioners by up to £30 million in recent months


Bereaved spouses may be paying unnecessary tax on ISAs - February 13, 2019
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A new Freedom of Information request has revealed that last year only 21,000 people took advantage of a tax scheme that allows a surviving partner to expand their ISA allowance to include funds from their deceased spouse’s accounts. It is estimated that 150,000 people a year inherit an ISA from a spouse, which means that … Continue reading Bereaved spouses may be paying unnecessary tax on ISAs


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