Automatic Enrolment: 6 facts you probably don’t know

Automaatic Enrolment: 6 facts you probably don't knowEven if it hasn’t affected you yet, you have probably heard about Automatic Enrolment by now. Automatic Enrolment started with larger employers in October 2012 and the adverts, with workers shouting “we’re all in”, have been hard to avoid. But you probably don’t know how Automatic Enrolment is revolutionising workplace pensions and how it is helping huge numbers of people plan for their retirement. The Office for National Statistics has recently revealed six facts which illustrate how successful Automatic Enrolment has been and why you ...

Retirement: Will you have to work passed your planned retirement age?

Will you have to work passed your planned retirement age?Most people look forward to the day when they can ‘down tools’ and enjoy a financially secure retirement. However, two new pieces of research show that for many people retirement is just a dream, with some people forced to work well passed their planned retirement date. Research from the CIPD (Chartered Institute of Personnel and Development) found that: 1 in 10 people are worried they will never be able to retire Two thirds of people have thought about working passed their State Pension age 31% of ...

Savings: Unexpected fall in unemployment sparks interest rate speculation

Savers suffer as savings accounts are withdrawn_istockphotoA larger than expected fall in the rate of unemployment, has led to speculation that interest rates could start to rise sooner than previously expected. The Office for National Statistics (ONS), announced this morning that unemployment dropped sharply by 167,000 in the three months to November. The number of people out of work now stands at 2.32 million, equivalent to 7.1% of the UK’s population....

Tax: Inheritance tax bills at highest levels for six years

taxesNew figures show the amount of money being paid in Inheritance Tax has risen to levels not seen since the financial crisis. Figures from the Office for National Statistics (ONS), show the amount of Inheritance Tax (IHT) collected rose to £3.1 billion in the 2012/13 tax year, up from £2.9 billion in the previous year. Whilst receipts from IHT still dwarf those from Income Tax and National Insurance, they have now risen for the last three years and are up by nearly ...