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It’s proving popular to cash in smaller amounts from pensions

Recent figures suggest that whilst the number of retirees choosing to cash in their pension pots has increased, the amount being withdrawn by them has gone down. When pension freedoms were first introduced, the average sum taken out was around £20,000. This has since reduced considerably to an average of £10,000 according to statistics from […]

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Savings ‘Moments of Truth’

A recent study has found that around one in three people in the 18-40 age bracket not only are not saving any money for when they retire, but also don’t consider it likely that they will begin paying towards their pension in the future. Many people aged between 30 and 40 said they now felt […]

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New lifetime allowance could hit more than just ‘pension millionaires’

The latest figures surrounding the pensions lifetime allowance (LTA), which governs how much your pensions can be worth without triggering an extra tax charge, suggest that a considerable number of middle-income earners are being hit by the lower threshold. The amount collected from pensions exceeding the LTA by HMRC during the 2015-16 tax year came to […]

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How long does it take to sell a house these days?

A recent study has found that the average house in the UK now takes 91 days to sell. The figure is cited in the ‘City Rate of Sale’ report conducted by the Centre for Economic and Business Research (CEBR) and the Post Office, which examines the average amount of time properties are on the market […]

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UK no longer one of top ten countries for a pension

Recent figures have revealed that the UK has fallen out of the top 10 of a list of countries with the best pension systems in the world. The rankings come from the Melbourne Mercer Global Pension Index, which grades the pension systems of twenty-seven countries by looking at both state funded and private components. The […]

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US election – the outcome and implications for the UK economy

With Republican candidate Donald Trump defying both the polls and expectations across the globe and convincingly winning the US election over Democrat candidate Hillary Clinton, 2016 will undoubtedly go down as the year of the political upset. The US dollar took a considerable hit after Trump’s victory was confirmed, but bounced back to a thirteen-year […]

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