Despite the fact that the state retirement pension does not become available to men until age 65, half of men aged 60-64 were economically inactive in the mid 1990s. The main element of the state retirement pension is flat rate, and for most people is unaffected by any potential ...
“Participation rates are also high – in some cases higher than men and the real-term increase in total female pension savings is £4bn higher than for men since the introduction of auto-enrolment.” The gender pensions gap is smallest for those aged 35-39 (10%) and then increases to ...
Open a 2 Year Fixed Rate Cash ISA You can apply if you: are aged 18 or over are a UK resident for tax purposes have £3,000 or more to save have a national insurance number. ISA rules allow you to pay into more than one cash ISA in each tax year, but we only let you pay ...
Martin Lewis offers advice on Attendance Allowance To qualify for Attendance Allowance, you must be of state pension age (currently at least 66). There is no specific list of conditions that qualify; both mental and physical disabilities ...
The basic monthly fee is 60€ for the under 65s and 157€ for those aged 65 and above. However, prescriptions are not subsidised at this rate so you would pay 100% of prescription costs. This form of cover doesn’t give holders the right to an EHIC at this time, so if you wish ...
Personal Pension Planning The survey found that 71% of respondents pay into a workplace or occupational pension. Yet, with household budgets squeezed in recent years due to high inflation, it has been imperative for many UK residents to find ways to make cutbacks and save money. ...
Traditionally, private schools have been eligible for tax breaks, like charitable business rate relief, meaning they don't have to charge VAT on tuition or boarding fees. There are around 2,500 private schools in the U.K., which educate around 6% of school-aged children, according to the ...
LDI (Liability Driven Investment) – an investment approach which focusses more than has traditionally been the case on matching the sensitivities of a DB pension plan's assets to those of its underlying liabilities in response to changes in certain factors, most notably interest rate and ...
A variable interest rate of39.9%EAREAR is the Equivalent Annual Rate. This is the annual interest rate of an overdraft. This means you are charged over the year based on how often and how much you are overdrawn by, and the effect of compounding it – charging interest on interest already...
In our NerdWallet survey, 29% of young adults aged between 18 and 24 years old said that they do not plan on starting a workplace or personal pension as they think that the state pension will be enough to support them in retirement. ...