Almost half of pensioners worry about running out of money
In the third quarter of 2017, 198,000 people made withdrawals from their pension funds under Pension Freedoms, 40,000 more than in the same period of 2016. Why is the demand for Pension Freedoms so high?…
Budget 2017: first rise in Pensions Lifetime Allowance for seven years
For many people, Philip Hammond’s announcement that the Lifetime Allowance will be rising is welcome news. As part of the Autumn 2017 Budget, the amount you can hold in a pension fund, without incurring taxes,…
Families to pay an extra £900m Inheritance Tax by 2022
The Office for Budget Responsibility (OBR) has revealed figures which show that the estimated Inheritance Tax (IHT) payable on estates over the next five years is due to rise by almost £1 billion; from £32.4…
50% of Baby Boomer generation could lose money by not updating their retirement age
A study by Dunstan Thomas shows that 51% of people aged 54-71 have not told their pension providers whether their retirement plans have changed since they first took out the policy. Why does that matter?…
Putting off taking financial advice could be a costly mistake
Have you ever talked yourself out of seeking professional financial advice? You are not alone, almost half (49%) of over-50s who are not yet retired have done the same thing. But, with research by Dunstan…
Why five million over-50s are planning to keep working instead
The days of the ‘cliff edge’ retirement are over. Where you would once be working one day and retired the next, many people are starting to take a more flexible approach to the end of…