The State Pension is a regular payment from the Government to support you in retirement. But how much you get and when you can claim it can vary.
What is the UK target inflation rate? It’s down to the Bank of England to keep inflation stable and keep price rises manageable for households and businesses – the target inflation rate set by the government is 2%. The Bank of England attempts to influence inflation through monetary policy,...
straightforward: state pensions are among the lowest in Europe, the UK has a long-standing funded private pension sector, its population is ageing less rapidly than elsewhere in Europe and its governments have, since the beginning of the 1980s, taken measures to prevent a pension crisis ...
The latest data from the Federal Reserve indicated that most people’s savings fell far short of their goals. By age 60, not even half of non-retirees with a retirement account or pension view their retirement savings plan as being on track: Age Tax-preferred retirement account Defined ...
Why Social Security Payments Are Delayed It isn’t common, but there are times when your Social Security payment could be delayed. Maryalene LaPonsieApril 30, 2025 401(k) Rollover: Is an Annuity Right? Annuities offer protection, but your 401(k) already gives you tax advantage...
A quick and simple way to check your retirement age is to use the tool on thegovernment website. Bear in mind that the result you get today could change in the future if the government introduces new legislation. Why is the state pension age rising?
Need help understanding pension basics? This guide from Prudential offers advice on what a pension is, how pensions work and more.
The payments were available to everyone above state pension age before they were scrapped for millions under government changes in July. This meant the number of eligible pensioners dropped from 11.4 million to 1.5 million. The government said the unpopular cut was part of a raft of measu...
Do you pay tax on a drawdown Pension? Yes, anything above the 25% tax-free threshold will be subject to income tax in the year that you withdraw it. Let’s use the below example to illustrate the point: Your Pension pot is worth £100,000 ...
The rise of the pre-nup The number of couples deciding to get a prenup is increasing, with one law firm telling the Money blog it has seen requests double in the last year. It is estimated that more than 20% of married couples in the country have signed one of these agreements. ...