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 ...

Automatic Enrolment: Nest restrictions to be lifted

Automatic Enrolment: Nest restrictions to be lifted The Government has confirmed that it will look to remove restrictions on Nest (National Employment Savings Trust) by 2017. Our advisers can help you make the right decisions Auto enrolment team Contact our team of advisers today: 0115 933 8433 info@investmentsense.co.uk Online enquiry form At present the maximum annual contribution ...

Automatic Enrolment: Avoid the mistakes made by thousands of uncompliant firms

Auto EnrolmentNew research has shown that thousands of firms might have missed their Automatic Enrolment deadline, potentially leading to large fines and employees missing out on valuable pension contributions. Figures from the Pensions Regulator show that so far 15,099 firms have complied with the Automatic Enrolment legislation. However, research from Hargreaves Lansdown shows that 22,940 firms should have reached their Staging Date by 1st May, leading to concerns that thousands of  businesses have failed to comply and thousands of workers are missing out. There could be a number of reasons for the ...

Pensions: Are you missing out on your share of £225 million?

Piggy bankNew research has found that millions of pounds are going unclaimed, as higher rate taxpayers fail to pay into a pension or claim the right amount of tax-relief due to them. Research from the Prudential found: Higher rate taxpayers are missing out on £225 million in tax-relief by not paying into a pension Astonishingly, 10% of higher rate taxpayers make no pension contributions at all For those higher rate taxpayers who do pay into a pension the average annual contribution is £6,276, way below the maximum allowable amount of £40,000 per year 15% ...