A pension is a pot of money that you save up over time for your retirement. The aim is that over the long term your pension pot will grow sufficiently to support you financially when you retire. With a pension, your money is usually invested in the stock market through pension funds. Th...
If you’re getting Pension Credit, it will go up by 4.1% in April 2025. That’s in line with the State Pension rise, which also happens then and is also 4.1%. If you’re not sure whether you qualify for Pension Credit, it’s worth checking online or over the phone, even if you ...
This is part of our monthly pension update series. Catch up on last month’s summary here:What happened to pensions in March 2022? It’s been an unexpected year and this has been reflected in the performance of the stock markets as they’ve responded to uncertainty and change.March gave u...
But too many Americans put off planning. According to theU.S. Federal Reserve Board, 25% of American adults don’t have retirement savings or a pension. And theFINRA Investor Education Foundationreports that 48% of people with low investment knowledge feel anxious when thinking about their finan...
infrastructure is likely to be economically productive. After all, when capital stock per person is almost non-existent, almost any increase in capital stock is likely to drive worker productivity higher. When you have no roads, even a simple dirt road will sharply increase the value of local ...
When can I draw my personal pension? When you turn 55, you can start to access your personal pension; this will increase to 57 in 2028. You can take 25% of your pension as a tax-free lump sum, or you can make smaller withdrawals where the first 25% is paid tax free and the rema...
and Washington Mutual have surpassed it). The Enron scandal drew attention to accounting and corporate fraud. Its shareholders lost tens of billions of dollars in the years leading up to its bankruptcy, and its employees lost billions more in pension benefits. To help prevent corporate scandals of...
Despite the extra effort required, defining and building a portfolio can increase your investing confidence and give you control over your finances. What Does a Good Portfolio Look Like? A good portfolio will depend on your investment style, goals, risk tolerance, and time horizon. Generally spea...
This penalty starts accruing the day after the deadline. It is typically .5% per month, of the amount owing, up to a maximum penalty of 25%. There are certain situations where the IRS will increase or decrease the penalty. Failure to Pay Tax Not Reported ...
The 1.7% CPI rate is the first time it’s been below the Bank of England’s 2% target since April 2021. Price decreases in the transport category, driven by air fares and motor fuels, significantly contributed to the drop in the annual rate. Annual transport prices fell by 2.4%, compared...