Pension Credit is a government benefit available to people who are on a low income while claiming theState Pension. If you’re eligible, you could receive over £3,500 a year in extra support, providing a much-needed boost in your retirement income as we see a rise in the cost of liv...
Single Aged Pension Set to Rise, but at What Cost?
Rachel HartmanNov. 13, 2024 What Is the Best Age to Retire? The best time to exit the workforce depends on your unique situation and goals. Maryalene LaPonsieNov. 13, 2024 2025 IRA Contribution Limits Income thresholds for Roth IRA contributions rise in 2025, while some older workers can ...
From 2028/2029, personal tax thresholds (which is the amount of money people can earn before paying certain taxes) will go up in line with inflation. Inheritance Tax The freeze on the Inheritance Tax threshold will be extended for a further two years, and unspent pension pots will be subject...
What is the current CPI rate? The ONS report for November 2024 found that the CPI rate increased to 2.6%, slightly lower than economists’ predictions but notably higher than the 1.7% rate in the year to September 2024. This increase has been driven by a rise in energy bills with October...
A pension fund is a type of investment fund that is set up to provide retirement benefits to plan participants. Pension funds can be either private or public, and they are typically managed by professional investment managers who are responsible for investing the fund's assets in a variety of...
New powers for The Pension Regulator and the Financial Conduct Authority Stamp duty is back National Insurance tax cut Just two months ago, 27 million employees across the UK saw a change to their payslips thanks to a 2% cut in Class 1 National Insurance (NI) contributions. Now, we’re se...
The government has stated that it is committed to moving towards mandatory TCFD reporting “across a broad spectrum of the Canadian economy” and that it also expects to require ESG disclosures from federally regulated pension plans. Do the requirements in North America differ greatly from those ...
Many term life insurance policies allow you to renew the contract on an annual basis once the original term ends. However, since the renewal premiums are based on your current age, the cost can rise steeply each year. A better solution for permanent coverage is to convert your term life ins...
Shelter category prices are based on a survey of rental prices for 50,000 housing units, which is then used to calculate the rise in rental prices as well as owners' equivalents.34The owners' equivalent category models the rent equivalent for owner-occupied housing to properly reflect housing ...