Pensions Savings Investments

Workplace savings to fund ‘32% of retirement income’

People in the UK are expecting almost a third of their retirement income to come from workplace savings.

Private pensions boost retirees’ income

Private pensions helped retirees’ income nearly triple in real terms in the last 40 years.

HMRC overtaxing savers on pension withdrawals

Savers largely unaware of tax on one-off withdrawals, claims report.

Older women ‘worse off’ from state pension age change

Women aged between 60 and 62 are £32 per week poorer after pension age changes.

HMRC overtaxing savers on pension withdrawals

As many as 200,000 savers may have paid too much tax on one-off withdrawals.

Pension freedoms payments hit record high

200,000 people took out flexible payments worth a record £1.86 million in the 3 months to 30 June 2017.

Adults ‘overestimate retirement discounts’

Many adults may be overestimating the perks they receive to make their retirement more affordable.

Government raises state pension age

People born between 6 April 1970 and 5 April 1978 will have to work an extra year.

Adults not saving enough on regular basis

56% of adults feel they are not saving enough of their pre-tax income each month.

Under-30s not saving enough for retirement

70% of under-30s are not saving enough to reach their ideal retirement income.

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