To receive any UK state retirement pension on retirement after 5 April 2016, you need at least ten complete years on your National Insurance Contribution (NIC) record. The full state pension is paid to those who have 35 or more complete NIC years. You may not receive the full pension if you were contracted out […]
When your total income reaches certain thresholds, it tips any extra income into a tax band where a higher rate of tax is charged. This can also mean you lose part or all of your savings allowance, child benefit, personal allowance, or pension annual allowance. The main trigger points are: £45,000, £50,000, £100,000 and £150,000. […]
According to the Financial Conduct Authority (FCA) 22% of over 55’s and 32% of over 75’s believe they have been targeted by an investment scam in the last 3 years. The FCA is urging over 55’s to take their time to check that investment ‘opportunities’ are legitimate before they hand over their money. This comes […]
The whole point of saving is to be able to enjoy your hard-earned cash at some point in the future on whatever takes your fancy. Well, apparently us Brits don’t seem to be doing that – quite the opposite in fact. We tend to see capital as being “off limits” and income as being “available”. […]
Tesco has had a lot of bad press recently and is currently struggling to regain its previous high standing. The most recent setback was the cybercrime attack at the beginning of November that resulted in Tesco having to pay back losses of £2.5 million to more than 9000 affected customers. The money was apparently […]
We have written a few articles on the Lifetime ISA since the government announced the scheme would launch next April. But is all as it seems? The scheme has been under fire in the media recently for the high early exit penalties it imposes. As the government has just capped exit penalties on pensions, it […]
