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Savings

Inflation and VAT concerns make life worse for savers

News that the UK consumer price index rate of inflation made a surprise jump to 3.7 per cent last month will add to the discomfort of the nation’s savers.

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Personal pensions contributions show a marked slide

Contributions to personal pension funds dropped significantly during the recession.

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Pension schemes in the red again

Final salary pension schemes registered a deficit last month after moving briefly into surplus in the previous month.

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Savers under the cosh

A combination of low interest rates and rising inflation has made it exceptionally tough for the UK’s savers.

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Parents more inclined to give sooner rather than later

Increasing numbers of parents are giving money in advance to their children rather than leaving them bequests in their wills as a means of saving on inheritance tax.

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Think-tank warns on tax rises and spending cuts

A leading think-tank has argued that none of the three main political parties has ventured far enough in identifying the sort of spending cuts and tax rises that may be necessary to reduce the UK’s budget deficit.

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