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07Feb

Will we get a fairer state pension deal for women?

Will we get a fairer state pension deal for women?
A recent Saga article claims that the battle to give women a fairer deal over their state pensions scored a significant victory early in January, when it was the subject of a House of Commons debate. Although the debate had no power to directly alter government policy, it represented yet another important step in bringing the campaign into the public eye and gathering support from politicians.

Posted in Retirement Planning, Financial Planning for individuals/families

05Feb

More debate on care costs, as four out of ten say they would deplete wealth to avoid paying

More debate on care costs, as four out of ten say they would deplete wealth to avoid paying
Forty-three per cent of people in England would deliberately deplete their wealth to avoid paying for care, leading to more pressure on state finances than ever before, statistics from the latest Partnership Care Report show. Findings in the report show the number of people prepared to reduce their assets below the £23,250 annual threshold to ensure local councils pay for their long-term care has nearly doubled from 23 per cent (2013) to 43 per cent (2015).

Posted in Financial Planning for individuals/families

06Feb

Seven suggestions made to the government during the consultation on pension taxation

Seven suggestions made to the government during the consultation on pension taxation
The Government has recently finished a consultation looking at how pension taxation could work in the future. The Chancellor, George Osborne, has said that he expects to reveal the findings and the direction he is going to take during the March Budget. But is there any way to take an advance look at the situation? What has the Chancellor considered and what might his decision be in March?

Posted in Retirement Planning, Tax

04Feb

Early Budget teasers, as the Prime Minister lays out plans for ‘an all-out assault on poverty’

Early Budget teasers, as the Prime Minister lays out plans for ‘an all-out assault on poverty’
Reported recently across the media, David Cameron has promised an ‘all-out assault on poverty’, with a series of social reforms to include better mental health services and mentoring schemes. The PM said new mothers and teenagers with anorexia were among those who would benefit from improved services. He also promised to flatten ‘sink estates’, help families save and introduce more funding for parenting classes.

Posted in Economy, Budgeting and Cashflow