Nearly half a million quit their careers in the last two years alone
The decision to look after an elderly, ill or seriously disabled relative has been made by 2.6 million people according to new research by Carers UK. The findings also reveal that nearly half a million (468,000) have quit their careers in the last two years alone – more than 600 people a day. This is a 12% increase since Carers UK and YouGov polled the public in 2013.
Inflation-busting increase to weekly payments on the horizon
In October this year, those receiving the State Pension are likely to find out that their weekly payments will increase by 4% from April 2020, subject to any last minute adjustments.
Barrier to employment and retention of older workers
Older workers are an invaluable component of the UK workforce, given their extensive industry knowledge and expertise that all colleagues – particularly younger generations – can benefit from.
More baby boomers plan to stay in their own home
A growing number of ageing baby boomers are saying, ‘No, thanks’ to downsizing, choosing instead to remain in the same house in which they raised their family and created lifelong memories.
Reaching the big 50 can be a financial wake-up call
Your 50s are a crunch time when saving for your retirement. If you’ve already set a retirement savings target but have been neglecting it, the reality is that now you can’t afford to delay your planning any further – and it’s time for a careful review.
Savers risk missing out on money from their final pension pot
Millions of savers risk missing out on money from their final pension pot if their provider doesn’t have their correct planned retirement date. The analysis revealed that workplace pension savers in the UK could miss out on thousands of pounds in retirement because they haven’t updated their planned retirement date.
Looking at the bigger picture for your wealth and security
Every plan starts with a goal, just like every journey starts with a destination. Planning your financial future is not only important for your security, but it also provides peace of mind. Financial planning should be viewed as a long-term approach to managing your finances.
Use your ISA allowance or lose it forever
Even though the Individual Savings Account (ISA) deadline may be a number of months away, and despite the tax year date remaining the same year in year out, somehow it always creeps up on us. A tax year runs from 6 April one year to 5 April the next.
5 tips that add up to teaching your child about money matters
Understanding how money works is an essential life skill. Unfortunately, for a lot of people, these lessons come later than they should, and often as the result of something going terribly wrong.
Government’s bid to ensure ‘pension age equalisation’
On 3 October, campaigners lost a significant legal battle against the Government’s handling of the rise in women’s State Pension age. Up until 2010, women received their State Pensions at the age of 60, but that has been increasing since then.