Pension exclusion ‘sees under-22s miss out on £18,000’

Employees under the age of 22 could be missing on up to £18,000 as a result of being excluded from auto-enrolment, a report has claimed. The Department for Work and Pensions (DWP) conducted a review into the Government's workplace pensions scheme back in 2017. One of...

Over-55s reveal target for retirement

People approaching retirement believe they need an average pot of £114,436 to feel comfortable for the rest of their lives. SunLife asked more than 1,000 over-55s how much they would need to fund a comfortable retirement on top of any income they already receive....

11,000 retirees to lose £3,500 from state pension

Thousands of retirees face being £3,500 worse off in retirement from April, when extra payments to adult dependents come to an end. The adult dependency increase is usually paid to a spouse or civil partner who is below state pension age and financially depends on...

Lifetime ISA withdrawal penalties surpass £9m

Savers have been charged more than £9 million after dipping into their lifetime ISAs, a freedom of information request (FOI) has shown. The lifetime ISA was introduced in April 2017, enabling adults under 40 to save up to £4,000 a year towards either a first home or...

Self-employed population nears 5m

The number of self-employed people in the UK is inching ever closer to the five million milestone, official statistics show. The Office for National Statistics' final labour market survey of the decade showed a record 4.96m people were registered as self-employed....