Dreadful Gaza war and market reaction
What awful atrocities are happening in Israel and Palestine. Our sympathies go out to all the innocent people and their families affected. Hamas’s action is evil and no protest deserves what it has done, regardless of any ‘excuses’ about its lands and people.
The conflict pushed the oil price back up and on Monday, unless...
State Pension set to see 8% rise if ‘triple lock’ promise holds
Millions receiving the State Pension could receive a ‘bumper’ rise yet again next year due to rising wages.
Due to the ‘triple lock’, experts are predicting the annual State Pension could increase by up to £879 in April, 2024.
This means pensioners would receive around £11,500 a year and the maximum flat rate State Pension would...
How much do you need for a ‘comfortable’ retirement?
UK residents need at least an extra £26,000 in addition to their State Pension to live a ‘comfortable’ lifestyle during their retirement, according to recent data.
The research was carried out by Standard Life, which used the MoneyHelper annuity tool from www.moneyhelper.org.uk to work out how much people would need in their pension pot to...
Replacing your State Pension could cost a fortune
Recent news the State Pension booster scheme has been extended until 2025 is very welcome, but did you know it could cost you a small fortune to replace the full State Pension if you’re not eligible for it?
Data from sharingpensions.co.uk published in June has shown it would cost just over £205,430 of pensions savings...
Kinder markets and when to move?
State Pension booster scheme extended – but not forever
Pensions are back in the headlines again with the news the deadline to ‘boost’ your State Pension by as much as £55,000 has been extended.
The booster plan from HMRC gives people the opportunity to buy the equivalent of up to 10 extra years’ of state pension if they have gaps in their National Insurance...
What is the cost of retirement?
Have you considered how you will manage when you retire? Unfortunately, many people don’t and a recent study has shown the amount needed to have a ‘comfortable’ retirement is increasing.
According to data from the Pensions and Lifetime Savings Association, the minimum cost of retirement is up by about 20% from 2021 to 2022.
That means...