Budget 2019

Your Budget 2019 report will appear here, subject to confirmation of the Budget date.

Mid-life workers face care conundrum

Around one in five over-45s plan to leave full-time employment to care for an older relative or partner, a report has claimed. Aviva polled 2,020 employees over the age of 45 and found that 19% faced a care conundrum, with many concerned about covering care costs. The...

Thinktank floats retirement income targets

The pensions industry is being urged to bring in retirement income targets to help savers maintain their quality of life. The Pensions and Lifetime Savings Association (PLSA) wants living standards to be implemented to give savers realistic goals for retirement...

Inflation boosts lifetime allowance

Retirees stand to benefit from a £20,000 boost to the lifetime allowance in 2020/21, according to official figures. The Office for National Statistics revealed that the rate of inflation, determined by the Consumer Prices Index (CPI), remained at 1.7% in September...

Surge in people paying voluntary NICs

The number of people paying voluntary national insurance contributions (NICs) has boomed in the last two years. Statistics published by HMRC showed that £119.3 million was paid in voluntary class 3 NICs in 2018/19, compared to £69.1m the previous year. Just £12.8m was...