News and blog

The new State Pension explained

In an effort to simplify the State Pension, the government will be introducing the single-tier flat rate, which will replace the complicated two-tier system that is currently in place.

The new scheme will begin from the 6th April 2016 and will affect men born on or after 6th April 1951 and women born on or after 6th April 1953.

Will your pension savings last your retirement?

The changes to the pensions industry introduced earlier this year have provided those over 55 with the freedom to make important decisions on how to spend their hard-earned pension savings without following the traditional route of purchasing an annuity. However, the excitement could soon be over following a new report by the Social Market Foundation, which focuses on two decades of data on the spending habits in countries where similar pension freedoms are already fully established.

How the latest reforms from the 2015 Autumn Statement will affect the over 50s

It's that time of year again! Another wave of proposed measures have been announced by George Osborne during his first Conservative Autumn Statement yesterday. The Chancellor's eagerly awaited speech did not include many surprises. However, there were a few changes to State Pension, stamp duty on buy-to-let properties, as well as pension tax credit highlighted within the review.

To find out how this will impact those in or approaching retirement, take a look at our round-up below.

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