Saving

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

Expats urged not to leave final wishes until too late

Expats urged not to leave final wishes until too late

British expats are urged to check their wills and financial paperwork are up-to-date to make sure their retirement savings go to the right person. Most pension schemes ask a pension saver who should have their money if they should die – but many savers forget to pass on the details or to change them should … Read more

Inflation Blamed For Ruining Pension Plans For Millions

Inflation Blamed For Ruining Pension Plans For Millions

Millions of pensioners and over 50s across Europe doubt they can maintain their current standard of living in retirement. A major survey of 50 to 70 year olds across Britain, Austria, France, Germany, Italy, Netherlands, and Switzerland found half do not believe they have saved enough money to see them comfortably through retirement. Those approaching … Read more

HMV Collapse Leaves Pension Fund £26m Short

The pension fund of music, movie and games retailer HMV is unlikely to see a penny out of the £26 million the fund is owed by the company – despite the administrators charging fees of around £15 million to sort out the collapsed firm’s financial affairs. Banks have also collected more than £38 million from … Read more

Offshore Savers Set For Lower Rates

Offshore Savers Set For Lower Rates

Banks and building societies are cutting expat savers adrift as yet another offshore financial institution closes. Expat savers have faced a two-pronged attack in recent years – a tightening of tax rules and low interest rates. Combined, a tougher regulatory landscape for offshore banks and a lack of return on money invested for savers have … Read more

Categories Tax

SEIS – Weighing Up Tax Breaks And Risk

SEIS – Weighing Up Tax Breaks And Risk

The Seed Enterprise Investment Scheme (SEIS) has been popular with investors since launching by Chancellor George Osborne in April 2012. Almost 2,000 SEIS scheme have been pre-approved as suitable vehicles for SEIS investments by HM Revenue and Customs since then. One of the big attractions for investors is the tax breaks for sinking cash into … Read more

Pension Income Expectations Are Too High For Many

Yet another wave of research confirms retirement savers are not putting enough money aside to fund their later years. More than a quarter of savers (28%) have no idea how much money they have in their pension pots, while 42% do not know how much income their current retirement savings is likely to generate in … Read more

Pensioners Flog Family Jewels To Raise Retirement Cash

Pensioners are flogging the family jewels to finance their lifestyles in retirement, according to new research. Cash-strapped retires have sold off heirlooms and valuables worth an estimated £279 million that their families were expecting to inherit, says a study by finance firm LV=. The firm reckons 550,000 retirees have decided to sell off their possessions, … Read more

How Fund Charges Dent Your Pension And Savings

Everyone knows they need to make strenuous efforts to save for their retirement, but not everyone is aware of how fund charges can have a serious detrimental impact on their cash. All pension savers need to understand how to pick the right investments to help their savings grow and understand how charges can affect that … Read more

Savers In Denial About The Cost Of Retirement

head in hands photo

The huge number of workers in denial about their retirement savings is laid bare in a new survey. Research by The Equity Release Council (ERC) has revealed that 65% of British retirement savers are ‘unaware, unwilling or unable’ to face up to the financial challenge they face. Indeed, one in 10 people believes they won’t … Read more