Aug 25, 2021 | Savings
The help-to-buy ISA scheme has helped homebuyers save a total of £578 million since its inception in 2015, working out to an average value of £1,073 saved per buyer. The scheme paid out a total of 538,840 bonuses to complete 410,075 property transactions worth £71.77...
Jul 7, 2021 | Savings
Retirees could see their pensions rise by 8% next year according to the Office for Budget Responsibility (OBR). State pensions are guaranteed to rise each year until at least 2024 under the triple lock, which means they increase in line with rising inflation, growing...
Jun 28, 2021 | Savings
Pension pots worth billions of pounds could be invested in start-ups, infrastructure and green energy projects to help drive the economic recovery, the Treasury is currently discussing. It has begun private talks with pensions bosses about unlocking some of the UK's...
Jun 23, 2021 | Savings
Over 50,000 workers opted out of the NHS pension scheme in the 2019/20 tax year over concerns that they would be hit with a significant tax bill. The number of people leaving the scheme rose by 22% last year, hitting a total of 50,399 individuals in 2019/20, up from...
Jun 8, 2021 | Savings
According to consumer group Which?, £305,000 is the price tag for pensioners with an annuity to enjoy a "comfortable" retirement, equating to £19,000 per year for a one-person household and £26,000 for a two-person household. These figures include the average state...
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