Pensioners are missing out on as much as £1 billion in potential income
A recent report from the National Association of Pension Funds (NAPF) found that many pensioners are missing out on as much as £1 billion in potential income^.
Their advice is very simple – shop around. Not only does this allow …
What is a workplace pension?
A workplace pension is a way of saving for your retirement arranged through your employer. It is sometimes called a ‘company pension’, an ‘occupational pension’ or a ‘works pension’.…
UK inflation hits a 15-month low in February
The rate of inflation hit a 15-month low in February, according to the Office for National Statistics, but failed to ease fears that high oil prices may prevent it falling as quickly as previously thought.
Important dates for your diary
- 21st March – The Budget 2012
- 5th April – UK tax year end. Don’t leave it too late to top up ISAs and pension contributions for 2012. Many providers will have set their own deadlines in advance of this date.
An end to contracting out
From 6 April 2012 the Government will remove the option to contract out of the State Second Pension (S2P, formally known as SERPS). This change will affect everyone who is currently contracted out into non-final salary pensions (commonly known as …