It’s estimated that some £26.6 billion worth of lost pensions are not currently being claimed by their rightful owners, each worth an average of £9,500. That’s hardly surprising when less than half (44 per cent) of pension savers can remember the company that provided their first pension, according to a survey conducted by YouGov on […]

Almost nine out of ten workers in the UK has at least one lost or “stranded” pension pot, according to new research from wealth manager Netwealth. Among those employees who have lost track of a pension, some 42% say that they have between two and five stranded pots. The average amount locked up in lost pensions […]

Pensions experts are urging those heading towards retirement to look at a way to add several thousand pounds’ worth of additional savings into their pension pots tax free. Did you know that can contribute up to £2,880 per year into a pension for a non-earning spouse, partner or child and they will receive tax relief […]

With a large proportion of the country finding their budgets being squeezed, we look at the questions everyone needs to ask to ensure they retire comfortably. The cost of living is depleting many people’s ability to save each month, and the latest stats reveals that only 39% of UK households are currently on track for […]

A bundle of complex tax consultations published on 18th July contained what has been described as a “potential bombshell” for anyone expecting to inherit a pension pot free of income tax. Since 2015 it has been possible to inherit a pension pot free of both inheritance tax and income tax, where the person who died […]

“Life is what happens when you’re busy making other plans” goes the famous quote: the years heading towards retirement are rarely a straight line… and finding oneself having to provide care or support a family member can make a serious dent on our future finances. New research from Pension Bee shows that two-in-three people are […]

If you are wondering whether you might need to review the date when you plan to retire, go part time, or take on lower paid work, you’re not alone – and with good reason as the financial goalposts keep being moved. What a difference a year makes. Last year, the media was full of stories […]

In 2028, the minimum age at which workers can access their pension savings will rise from 55 to 57. And, if this is worrying you, you are not alone. More than six in ten 50-year-old workers (63%) are concerned about this increase, according to new research from TPT Retirement Solutions. The research also found that: a […]

Described by The Investors Chronicle as the “holy grail solution” for anyone wanting to take control of their retirement finances, RetireEasy.co.uk has proved to be the online tool of choice of thousands of people heading towards the day when they will depend upon their pensions, investments and savings. But how does it work? And, critically, […]

It’s commonly assumed that, as we move towards and into retirement, we need less space in our home. The children (theoretically!) have left. At the same time, it may well be that we can move to a different (read “cheaper”) location since we do not need to be close to our place of work. Or […]