PriceWaterhouseCooper have revealed research that they believe shows the only way Britain can return to the levels of public debt seen before the credit crunch is to increase the state pension age to 70 by 2046
Posts Tagged ‘State Pension’
State pension age needs to rise to 70 by 2046 – PwC
Wednesday, July 6th, 2011A million pension strikers for a month warn unions
Tuesday, June 14th, 2011A union chief has warned that over a million public sector workers could go on strike for a month, in a bid to protect their pensions.
Ministers move to allay fears thousands will drop out of public sector pensions
Friday, June 3rd, 2011Government ministers today moved to allay fears that thousands will drop out of the public sector pension scheme, because of plans to increase their contributions from next year.
Public sector workers set to opt out of gold plated pension schemes
Thursday, June 2nd, 2011Tens of thousands of public sector workers are expected to opt out of their gold plated pension schemes when the government bring in plans to increase contributions by three per cent from April next year.
Pension Income : thousands miss out on pension credits
Friday, November 19th, 2010
Many thousands of pensioners are losing out on vital pension income by failing to take up their entitlement to pension credits. This could be costing them £34 per week. Read More
First swell of baby boomers drains basic state pension
Wednesday, September 22nd, 2010
The basic state pension system has already begun to creak and strain as the first of the 1940s ‘baby boomers’ comes to retirement. Next year, 650,000 people will turn 65 in the UK, with a further 800,000 in 2012, says the Department of Work and Pensions.
Read More
June 2010 Budget changes set to increase Income Tax allowance by £1000
Tuesday, June 22nd, 2010Today’s June 2010 budget changes should include an increase of £1,000 in the personal Income Tax allowance for basic rate taxpayers. This increase in Income Tax allowance means that all those earning up to £37,400 will have their tax-free Income Tax personal allowance increased by 15.4%, from £6,475 to £7,475.
Government pension review will add 2.5% to basic state pension
Friday, May 28th, 2010The government pension review confirmed this week will add at least 2.5% to the basic state pension from 2012. This will bring the basic state pension to over £100 per week for a single and £160 for a couple.
Company pensions for all in NEST pensions review
Monday, April 26th, 2010
Every UK company will soon be required to offer pensions to all employees, following the launch of the National Employment Savings Trust (NEST). However, employers who act now can still exempt themselves from NEST by setting up their own scheme.
Happy New Tax Year! The Tax Savings Checklist for 2010/11
Monday, April 12th, 2010The new tax year, which began on 6th April 2o1o, offers a golden opportunity for tax savings. Make use of your brand new tax allowances to fine-tune your financial planning, and minimise tax. With financial advice you can streamline your savings strategy by getting the best savings rate and fully utilising your ISA cash allowances. You can ensure you take advantage of your allowances for Capital Gains Tax, if you are selling an asset. You can plan to maximise tax reliefs from pensions contributions. You can gain 30% tax relief on investments in Venture Capital Trusts (VCTs). You can take the necessary steps to avoid 40% Inheritance Tax on wealth passing to your children and heirs. If you are an employer, you can plan for the upcoming government NEST scheme, which will require you to have, or set up, a pensions department that offers a pension to all employees.
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