The Retirement Living Standards
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People born before 1976 told 'make crucial check before it's too late'
People born before 1976 told 'make crucial check before it's too late' It could make all the difference in the years to come People in their 50s have been told it's time to make a crucial check. Financial advisers and money experts have responded to Pension UK's updated Retirement Living Standards (RLS) report, which shows that under a quarter of people are predicted to have a moderate standard of living in retirement. They say that, for anyone in their 50s who has not saved enough for their...
Exact amount you need to have a ‘comfortable’ retirement, pension experts reveal
Exact amount you need to have a ‘comfortable’ retirement, pension experts reveal The cost of a comfortable retirement is now thousands more each year The Retirement Living Standards report has revealed exactly how much people will need to have each year in retirement in order to live the lifestyle they want. But pension experts warn only 9% of people might have enough in their pension to afford a ‘comfortable’ retirement. The Pension UK report calculates how much a minimum, moderate and...
New pensioner '£2,100' alert as 'you may need to put more aside'
New pensioner '£2,100' alert as 'you may need to put more aside' The retirement living standards are produced by academics at Loughborough University Brits aiming for a secure retirement now face even steeper costs, according to fresh data. Analysis highlighted by Which? Money revealed that a 'comfortable' retirement for a couple now requires £62,700 annually – up £2,100 from last year's £60,600 – as escalating food, household and transport expenses continue to strain pension pots.
Pension poverty risk as many 'face £13,400-a-year retirement'
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New Labour MP DWP state pension 'not enough' update
New Labour MP DWP state pension 'not enough' update Under the current system, the full new state pension is worth up to £241.30 weekly Brits nationwide have been cautioned that they may need to prepare more comprehensively for life after retirement. Millions of employees are being alerted they "cannot rely on the state pension" alone to finance their retirement as new research reveals the extent of Britain's impending pensions shortfall. The stark warning came from senior Labour MP Debbie...
BBC expert says pension rule change means people acting 'at first opportunity'
BBC expert says pension rule change means people acting 'at first opportunity' BBC Morning Live viewers told people are acting now before the rules come in A BBC expert has told people with pensions they are currently taking money out ‘at the first opportunity’ as a major change is set to happen. Appearing on BBC Morning Live, personal finance expert Laura Pomfret explained that people are acting now before the rules come in. The change is coming about because of a change in the state...
UK savers '£3,000' HMRC tax alert for Brits to know
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Thinking of filing for divorce? Here are the documents you should collect first
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Key free pensioners TV licence update as DCMS issues 'new concessions' statement
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Inside Simone Biles and Jonathan Owens’ $27M fortune and luxury life
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