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Pensions, savings and investments

Comprehensive Spending Review: pensions

One of the headline announcements in the spending review was that the state retirement age for men and women is to be equalised at 65 by November 2018.

New cap for tax relief on pensions

The amount that people can add to their pension funds and on which they can receive tax relief is to be reduced.

ISA allowance to increase next year

The upper limit on the amount that can be saved in an ISA account is to go up next year.

Economic worries prompt savings

More people are saving money on a regular basis than at any time in the last two years, according to new research.

Retirement income often less than hoped for

Many people are retiring on pension incomes that are substantially below the level for which they had planned while in work.

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