Money

The list below is a collection of articles that refer to, mention or discuss Money.

How Much Money Will You Spend In Retirement?

Piggy bank with jars and coins in years

The dilemma for many people approaching retirement is how much money they need to live on. Research shows that most of us overthink what we need for retirement, believing they will spend at least as much as they are paid in wages. The rule of thumb is making plans for pensions and savings to cover … Read more

Cities Where Money Can Buy The Megarich Happiness

Happy couple in a city

The saying goes money can’t always buy happiness, and for the most part that seems true in a new global city wellbeing index. International property consultants Knight Frank have produced a wealth report for 2020 that charts the fortunes and lifestyles of the megarich and the places where they feel the happiest. One of the … Read more

Financial Package On The Way For Self-Employed

emergency

Financial support is coming for freelance and self-employed expats who pay their taxes in the UK, Prime Minister Boris Johnson has promised. In his last Prime Minister’s Questions in a sparse House of Commons before Easter, Johnson announced ministers were “working as fast as we possibly can to get the appropriate package of support for everybody … Read more

Cost Of Living Overseas Is A Shock For Expats

expensive

The cost of living in a new country is a concern for many expats who find their bills are higher than expected. Half are forking out more than planned after moving, research by Axa Global Healthcare reveals. Expats with families are especially hard hit, with 40% shocked by the cost of higher education and one … Read more

Spending Cash Is Becoming A Thing Of The Past

The days of handing over cash could be numbered as the economy is in a shift to digitisation, warn campaigners. New laws are needed to protect the pound in the pocket, says lobby group Access to Cash Review. And they are calling on Chancellor Rishi Sunak to take urgent action to protect spending money in … Read more

Most People Really Do Find Tax Too Taxing

Few people understand tax and how the rules impact the money in their pockets, according to new research. Out of 2,000 people quizzed about tax, the average score out of 30 was just 10.6 – while half of those taking the quiz scored less than 10. The lowest scores came from the youngest people asked … Read more

Categories Tax

Pension Savers Left Stranded By Thomas Cook Collapse

Thomas Cook

The collapse of the world’s oldest travel company Thomas Cook has left thousands of workplace pension savers uncertain over what happens to their retirement savings. Although the firm closed the door on the workplace defined benefit pension scheme some years ago, money in the funds of 13,000 current and former employees are impacted. The good … Read more

Workplace Pension Transfer Values Drop Again

Workplace pension transfer values are still falling, according to new data. The number of retirement savers transferring out of their direct benefit pensions is also dwindling, according to figures from monitor XPS Pensions Group. The average transfer value of a pension in June was £240,800 – down from £241,500 at the end of May and … Read more