Category: Insights

Retirement income warning

While retirement certainly brings about its share of unknowns, perhaps the most daunting prospect associated with this stage of life is the potential to run out of money. That fear is so widespread, in fact, that 60% of baby boomers are more worried about depleting their nest eggs prematurely than actually dying.

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VCT growth

A combination of aggressive reductions in the lifetime allowance (LTA), as well as restrictions on the pension annual allowance – such as the tapered allowance for high earners – has had a positive impact fuelling interest in VCTs as an alternative option for tax-efficient investing.

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Auto-enrolment – what next?

The big question is will workers stand for a tripling in pension deductions from wage packets, or rebel against auto-enrolment increases? Millions of workers auto-enrolled into pensions will see deductions from wages triple in April – in 2012 levels were set at 2 per cent of banded earnings, split between employer and employee.

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