Avoiding pitfalls as pensioners pay more than £24 billion in tax
In 2015/16, 6.87 million pensioners paid an average of £3,522 each, in tax, according to Royal London. That’s a total of more than £24 billion. What affects the amount of tax you pay? According to…
Pretirement: Why work during retirement?
‘Pretirement’ might sound like an early retirement, but it’s anything but. In fact, ‘pretirement’ is a term coined to describe the act of easing into retirement; or working beyond State Retirement Age. This could be…
The importance of independent living in later life
According to research from retirement accommodation specialists Anchor, the way living in old age is perceived by society could be completely out of line with what retirees actually want. For older people, being able to…
Thinking of opting out of your Workplace Pension? Time to think again
We’d like to think that, once enrolled into a pension, everyone who is eligible, will remain in the scheme. After all, it’s a low-effort way to save money for retirement and take advantage of the…
Adjusting your retirement plans in light of the State Pension Age changes
Almost two million people face the reality of changing their retirement plans less than 10-15 years before they aim to stop working, according to Retirement Advantage. Changes to the State Pension Age will mean that…
Increase in over-65’s debt. Six tips for those affected
By the end of 2018, over-65s are expected to owe a collective £86 billion, according to research from More 2 Life. If left unchecked, this figure could reach £142 billion in 10 years. Are you,…