A couple of holidays abroad every year, day trips out with the grandchildren, a new Ford Fiesta, National Trust membership and doing the weekly shop at Tesco.
It’s hardly an extravagant retirement.
Yet with rising costs over the past two years, such a lifestyle is now becoming a luxury that has slipped out of reach for tens of thousands of Britons heading into their golden years.
Just one in five will be able to afford this ‘moderate’ standard of living,
The big move in Jeremy Hunt’s Budget yesterday was a 2p cut in National Insurance but the Chancellor announced a number of other measures that could affect your finances.
Here six of our experts give you advice on what you should do now to protect your wealth and prosperity:
Jeremy Hunt has done little for pensioners in his latest Budget, writes Jeff Prestridge
Jeff Prestridge, Group Wealth and Personal Finance Editor
Jeff Prestridge:
Ahead in the polls: Shadow Chancellor Rachel Reeves has promised a review of the pension system if Labour beat the Tories at the next election
The looming election means the Conservatives and Labour will be going all out to attract the votes of pension savers and retirees in 2024.
They are likely to agree on keeping the popular state pension triple lock and using the nation’s pension savings to boost economic growth.
But the parties could end up opposed on
Seven million and growing — that’s the number of people now on waiting lists for NHS treatment ranging from cancer checks to replacing arthritic hips and heart surgery.
These delays can mean living with pain or debilitating symptoms that make everyday life difficult. A six-month wait for an operation can also result in a 50 per cent greater chance of a worse outcome, according to projections reported in the journal Pain Reports in 2022.
Little wonder that more and more
The crooked financial adviser at the heart of one of the UK’s worst pension scandals moved his family home into a trust to avoid having to compensate his victims.
Darren Reynolds, who pocketed more than £1 million by plundering the pensions of hundreds of British Steel workers, transferred ownership of the property twice in seven months without any money changing hands to put it beyond the reach of financial regulators investigating him.
The shameless father of one also took legal
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LONDON – This is the list of new laws Rishi Sunak hopes will save his skin come election-time.
Tuesday’s King’s Speech — in which King Charles III read out the British government’s legislative agenda for the crucial pre-election term ahead — was packed with promises from Sunak’s Conservative Party.
With the clock ticking down to an election which must be held before the end of January 2025, the King’s
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ROME — At the end of NATO’s annual summit in Vilnius in July, Italian Prime Minister Giorgia Meloni wound up her press conference abruptly. It had nothing to do with the reporters’ questions, she said: her high heels were killing her.
A complaint of that kind at such a hothouse of masculine energy as a NATO summit would have been unimaginable for a previous generation of female leaders, who
Parents and grandparents have been urged to consider investing in a pension which could save up to over £1million for their children.
If a person invested £1,000 a year into a pension for their child over the first 18 years of their life, by the time the child reaches the current state pension age of 66 it would be worth £1,062,518.04.
Neil Rayner, head of Advice at True Potential, said: “Investing in a pension for your child offers a remarkable
The summer holidays are here and Sir Keir Starmer’s welcomed them with yet more flip-flops.
No, not for his holidays, the only flip flops Sir Slippery is interested in are when it comes to Labour’s policies. This time our pensions are on the line.
At the ‘National Policy Forum’ in Nottingham last weekend, delegates must have been waiting with bated breath for Labour to lay out their ‘vision’.
All they got was broken promises.
Assembled lefty loons and Union Barons
Older people face another troubling year trying to keep on top of rising household bills. Many will be suffering severe hardship, especially during the cold early months of 2023.
The government itself is strapped for cash, and grabbing more money from workers, savers and investors via its freeze on income tax and other key thresholds.
However, pensions remain something of a safe haven (for now) and finance experts point out this makes it a very good time to use the
