More young adults are more engaged about money with their parents than past generations
When it comes to conversations about money, more and more families in Britain are opening up, new research reveals. This is a significant increase from previous years, when such conversations were considered taboo.
What to consider if you have multiple pension pots
The employment landscape has evolved significantly over the last few decades and changing jobs multiple times before retirement is now very much the norm.But did you know, there is an estimated £9.7 billion of unclaimed UK defined contribution pension funds?.
Despite the fact that the government has been trying to encourage people to save for their retirement through initiatives such as auto-enrolment, there are still too many Britons who have no pension savings at all. Research reveals that a fifth (20%) of people still have no pension savings at all, and people nearing retirement aren’t doing much better.
If you’re a higher rate taxpayer, the freeze on the Income Tax threshold will have meant an increase in your tax bill. The reason for the increase stems from the Chancellor’s decision in April 2021 to freeze the higher rate tax threshold rather than increase it in line with inflation.