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The latest news is brought to you by WEALTH at work, a leading financial wellbeing and retirement specialist. WEALTH at work and my wealth are trading names of Wealth at Work Limited which is a member of the Wealth at Work group.
91% of employers believe employees don’t understand the tax rules when withdrawing money from their pension.
4th March 2019
WEALTH at work recently carried out a poll of over 70 employers and found that 91% of them believe that employees do not understand the tax rules when withdrawing money from their pension.
Financial education is essential in helping employees save enough for retirement.
21st February 2019
As part of the government’s plans to help individuals save more for retirement, minimum automatic enrolment contribution rates are due to rise from 5% to 8% in April. But is this enough to secure an adequate retirement income and what more can be done to help employees?
Top ten tips to pay off Christmas debt.
10th January 2019
Christmas is an expensive time of year as the cost of presents, decorations, meals out and entertaining all add up. Individuals intend to spend £567 each at Christmas, with 46% planning to pay for it using credit cards, store cards and overdrafts.
Top 10 tips if you’re retiring in 2019.
18th December 2018
The New Year is a great opportunity to take a good look at your finances and make financial plans for the coming year.
Individuals could end up paying 200 times more tax depending on how they decide to access their retirement income.
16th November 2018
Individuals could end up paying 200 times more tax depending on the way they decide to access their retirement income, according to research by the Pension Policy Institute (PPI).
Budget commentary 2018.
29th October 2018
The Chancellor of the Exchequer, Philip Hammond, has today delivered this year’s Budget Report.
New figures show individuals pay almost 20 times more in tax for breaching the Lifetime Allowance.
16th October 2018
Nearly 2000% more than ten years ago when the allowance was introduced.