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Savings

Retirees face income shortfall

The new pension freedoms coming into force on 6 April 2015 could result in 1.4 million people having inadequate retirement incomes, according to research by the International Longevity Centre UK.

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Budget 2015 savings measures popular with public

The new ISAs and tax breaks announced during Budget 2015 have proven popular with the public, according to a survey by uSwitch.

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New ISA to help first time buyers

A new type of ISA will provide a financial boost to people saving to buy their first home, the Chancellor has announced during his 2015 Budget statement.

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Chancellor shakes up annuity market

Annuity holders will be able to sell their retirement income without incurring a 55% tax charge under plans announced by the Chancellor George Osborne.

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Average savings highest in a decade

British people saved more money in 2014 than in any year during the past decade, according to figures from National Savings & Investments.

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New savings rate removes tax on interest

An online calculator has been launched to help people see if they are eligible for the new 0% savings tax rate, the Chancellor has announced.

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Pension savers avoid retirement advice

Almost three quarters of over-50s are not currently planning to seek retirement advice after the government's pension reforms are introduced in April, according to research by LV=.

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Employees uncertain about pension contributions

The majority of employees on a workplace pension scheme think they should increase their pension contributions, according to a report by the Chartered Institute of Personnel and Development.

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Three quarters focus on saving

Almost three quarters of British people say they are currently saving, according to research by Scottish Widows.

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Pension saving highest in 18 years

Pension saving is at its highest level in 18 years, according to official figures.

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