THE UK IS BECOMING a nation of savers, with three quarters (74%) of people saying they are currently saving, research from Scottish Widows has revealed. The savings study – which polled 5,000 Britons – found that the number of savers …
THE PENSIONS LIFETIME ALLOWANCE (LTA) is a limit on the total value of qualifying pension benefits for tax relief that you can build up, without becoming subject to a tax charge on the value of the benefits. The cut, which …
Britons are determined to become more financially savvy about their saving and spending habits this year, with three quarters (76%) of adults admitting they are prepared to moderate their lifestyle, according to a new survey by Standard Life.
THE CHANCELLOR CONFIRMED his plan to extend pension freedom to about 5 million people who have already bought an annuity. A consultation published on the day of the Budget on how a secondary annuities market could work suggests mirroring the …