Don’t be caught short – the importance of a State Pension forecast

New research from Retirement Advantage suggests a lack of awareness among those approaching retirement over when their State Pension will be paid, and exactly how much it will be. In a survey of 1,103 over 50s, only 39% had asked for a State Pension forecast, which will tell you: How much State Pension you will receive When you are eligible to receive it How to increase it, if possible A State Pension forecast is an invaluable piece of information, serving for many as a foundation for retirement planning. Worryingly, the survey also ...

How to be a full-time parent with a full-time pension

Imagine working 168 hours a week with no lunch breaks and very little holiday. It should, in theory, mean that you can retire early and comfortably, right? Unfortunately, for the many stay-at-home parents in the UK, this simply isn’t the case. Research shows that full-time mothers and fathers are among those least likely to save for their retirement, leaving them exposed to financial hardship in the future. According to the founder of MummyMoneyMatters.com, Kalpana Fitzpatrick: "Stay-at-home mums are at the highest risk. Saving for retirement is simply not on the agenda, because ...

How much National Insurance do you need to pay to get a State Pension?

Question markThe high profile WASPI (Women Against State Pension Increases) campaign has highlighted the confusion many people have over their state pension, especially the date from when it will be paid. Now, research from Aegon has revealed a similar lack of knowledge in relation to the National Insurance contributions needed to qualify for a full state pension. The survey found that: 57% of people underestimated the amount of National Insurance they need to pay to get a full state pension 25% of people thought they needed to contribute for less than 25 ...

Retirement: Are you one of the 50% of workers to miss out on the flat rate State Pension?

Are you one of the 50% of workers to miss out on the flat rate State Pension?New figures have shown that millions of workers retiring from 2016 will not receive the full flat rate State Pension. In fact, the research completed following a Freedom of Information request by Hargreaves Lansdown has shown that in the first five years nearly two million people will miss out on the full flat rate State Pension. The Government has introduced the flat rate State Pension an effort to simplify the complex system, whilst ensuring that saving into a ...