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What the 2015 Budget means for the over 50s

After last year’s Budget geared towards the over-50s, George Osborne used what could be his last Budget announcement yesterday to further strengthen the ‘grey vote’ by unveiling more reforms that could impact those in or facing retirement.

To help you digest the chancellor’s latest measures, we share our round-up of some of the key facts which could affect your future finances.

Will you be entitled to the full State Pension?

In order to help people plan for a secure retirement and prepare their finances a decade in advance of State Pension age, the government has extended their personalised service to provide a free State Pension estimate to those aged 55 and over. Previously only available to the over-60s, the Department for Work & Pensions has reduced the age ahead of the pension reforms in April.

Why you should boost your pension savings before April 2015

With the significant changes to the UK pension system just around the corner, it is essential for those in or facing retirement to review their pension savings to ensure that they're making the most of their retirement pot. With this in mind, we share some reasons why you should boost your pension savings before the tax year end in April and how to go about it.

Why have a Lasting Power of Attorney?

At Retirement and Investment Solutions, we regularly discuss with clients the importance of putting in place a Lasting Power of Attorney (LPA). With this in mind, Ian Barton from Charterhouse Legal Solutions introduces you to the two types of LPA and explains why you should act now to avoid the pressure of mounting legal fees if you are unable to manage your own financial affairs in the future.

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Chancellor George Osborne sets date for next Budget https://t.co/IQYPKD5Rh0 https://t.co/EYAqyzRfAf
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