Savings Archives | Page 7 of 13

Workplace pension contributions bounce back after slump

Mar 30, 2021 | Savings

Employee and employer contributions to private-sector defined contribution pension schemes both increased in the third quarter of 2020, the most recent data from the Office for National Statistics (ONS) shows. Between Q2 (April to June) and Q3 (July to September)...

New help-to-buy equity loan scheme set to launch

Nov 23, 2020 | Savings

A new ‘help-to-buy' equity loan scheme will launch next month, with the aim of getting more first-time buyers on the property ladder. From 16 December 2020, the scheme allows first-time buyers interested in new-build homes to apply and receive a Government loan of up...

Retirement plans changed due to COVID-19

Oct 12, 2020 | Savings

The coronavirus pandemic has changed retirement plans for one in eight older workers, according to research commissioned by the Institute for Fiscal Studies (IFS). Based on data from the English Longitudinal Study of Ageing COVID-19 study, the IFS revealed 13% of the...

State pension age increases to 66

Oct 6, 2020 | Savings

The age at which people start to receive the state pension has increased to 66 for both men and women.People born between 6 October 1954 and 5 April 1960 will start to receive their state pension on their 66th birthday.For people born after those dates, there are...

Teenagers gain access to child trust funds for first time

Sep 1, 2020 | Current Affairs Savings

Hundreds of thousands of teenagers who were born between 1 September 2002 and 2 January 2011 are set to gain access to child trust funds (CTF) for the first time. According to HMRC, around 6.3 million child trust fund accounts have been set up since the scheme started...

Workplace pension contributions bounce back after slump

New help-to-buy equity loan scheme set to launch

Retirement plans changed due to COVID-19

State pension age increases to 66

Teenagers gain access to child trust funds for first time

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