Business News
New rules to protect pension pots below £100
Proposal designed to help people with multiple pots.Bank of England resists pressure to raise interest rates
Interest rates maintained at 0.1%.Salary sacrifices ‘may mitigate the NICs rise’
Employees could benefit in the short-term.37% plan to use state pension for care costs
Care costs become unaffordable for some pensioners.Average buyer saves £1k via help-to-buy ISA
Millions may have a forgotten account they can still use.State pensions predicted to rise by 8%
The raise would cost the Treasury £3 billion.Treasury considers investing pension pots into startups
It comes as the Government seeks capital for recovery.Thousands leave NHS pension scheme over tax bills
Over four years, 180,000 staff left the scheme.£305,000 needed for a ‘comfortable’ retirement
That equates to £26,000 a year.Workplace pension contributions bounce back after slump
Employee contributions increased by 12% in Q3 2020.
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