Pensions, savings and investments

Wealthy pension savers to take advantage of tax breaks as speculation mounts

Thousands of higher and additional rate taxpayers will take advantage of current pension rules in the coming weeks in order to maximise their contributions, pension experts have said.

Government to discuss cutting tax relief for wealthy pension savers

Wealthy earners may see the higher-rate tax relief on pensions cut significantly in next month's Budget, says Treasury chief secretary Danny Alexander.

Retirement planning failures push savers to work past 70

Poor pension and annuity choices mean that savers could risk dramatically cutting their retirement income by nearly a quarter (24 per cent), according new a report made by the Pensions Policy Institute (PPI) for the National Association of Pension Funds (NAPF).

2012 will see 18% retire in debt

Nearly one in five of those retiring this year will do so with outstanding debts to pay off, figures released by Prudential have revealed.

Importance of retirement planning highlighted by campaign

A Government campaign launched this week has highlighted the importance of planning and saving for retirement.

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