One in three could not carry out current jobs past their traditional retirement age Employers estimate up to a third of their staff would struggle to continue in their current jobs past traditional retirement ages, research for MetLife Employee Benefits[1] shows. Its nationwide study found HR directors believe that, on average, 31% of their current… Continue reading Workplace challenges for older workers
Category: Retirement
Sandwich generation
Filling in the family gaps With an ageing population and increasingly more children living at home for longer, more and more people are joining the ‘Sandwich Generation’, having to fund family at both ends of the spectrum, such as their parents and children as well as themselves. Pressure to keep earning It is estimated that over a million Britons… Continue reading Sandwich generation
How bright is your future?
Millions of over-40s expect to carry on working until they physically can’t continue One in five Britons admitted that they are planning to ‘work until they drop’ in order to have a comfortable retirement, a study from Aviva has revealed. Worries about being able to afford their ‘ideal retirement’ means millions of over-40s are expecting… Continue reading How bright is your future?
Pension reform: what you need to know
Further clarity on the new rules for pensions published by the Government Retirement should be an exciting time, and these days there’s more scope than ever to arrange your finances the way you want them. For example, you could continue to work and take your pension benefits. That flexibility is great, but it does mean… Continue reading Pension reform: what you need to know
Do you know your Inheritance Tax numbers?
How to UNLOCK your assets from unnecessary tax £325,000 The first £325,000 value of your estate is called the ‘Nil Rate Band’ because although it is taxable to Inheritance Tax (IHT), it is taxed at 0% (tax year 2014/15). 40% Currently, IHT is payable on death at this rate on the value of your net… Continue reading Do you know your Inheritance Tax numbers?
Save smart and make your existing money grow
5 tips to help you be more confident about your financial future 1 Always have some money that you can access easily and quickly for emergencies, before looking to invest for the longer term. It’s reassuring to know you’ve got money set aside to cover your rent, mortgage, food and utilities for a number of… Continue reading Save smart and make your existing money grow
Clever retirement strategies
How to influence the income you’ll receive in your retirement On 10 July this year, the Office for Budget Responsibility warned that many of us might not be eligible for a State Pension until we reach the age of 70. That’s the minimum age AT WHICH the Government will be able to afford to pay… Continue reading Clever retirement strategies
Part-time pensioners
Taking a more gradual approach to retirement The nature of retirement has changed – it is no longer a matter of leaving the workplace with a golden carriage clock and entering a quiet life of leisure. According to research from LV=, many people are taking a more gradual approach to retirement and are working beyond… Continue reading Part-time pensioners
Pensions grab headlines
Taking centre stage in the Queen’s Speech This year is best described as the year of the pension. After grabbing the headlines following the Chancellor’s Budget 2014 speech, pensions were once again top of the agenda. In an 11-bill programme, pensions took centre stage, with major changes to annuities and workplace schemes also announced. T he… Continue reading Pensions grab headlines
Automatic enrolment workplace pension reform
Encouraging more people to save towards their retirement The Government’s flagship scheme to encourage more people to save towards their retirement is well underway – but there’s still a distance to go. Under the workplace pension reform, also known as automatic enrolment, all UK businesses will legally have to offer pensions to workers eligible for… Continue reading Automatic enrolment workplace pension reform