New research has put some surprising numbers on the income needed in retirement. Each year since 2019, the Pensions and Lifetime Savings Association (PLSA) has set about answering the question of how much retirement costs for couples and single retirees. It considers...
Individual Savings Accounts will celebrate their 25th birthday on 6 April 2024. A quarter of a century ago, Personal Equity Plans (PEPs) and Tax Exempt Special Savings Accounts (TESSAs), both inventions of Conservative chancellors, were replaced by Individual Savings...
As the FTSE 100 turned 40 on 3 January 2024, we look at how it compared to its predecessor and the lessons learned from four decades of growth versus inflation. The Financial Times Stock Exchange (FTSE) 100 Index, to use the Footsie’s full name, has celebrated its...
A date to note in this year’s calendar is the early Spring Budget on Wednesday 6 March. The Treasury issued a press release in the time between Christmas and the New Year revealing the Spring Budget date, a week earlier than in 2023. The unusual timing of the...
The media storm surrounding HMRC taxing eBay and other online sellers from the start of 2024 was, in fact, itself counterfeit goods. A crop of stories across social and traditional media swirled across the start of the new year about HMRC cracking down on ‘side...
Public opinion is pessimistic about the future of the State pension. Ask yourself these two questions: Do you believe that the State pension will be around in 30 years’ time? Do you think that the State pension will keep pace with prices over the next ten years? If...
At the start of 2023, the Prime Minister pledged to halve inflation. The goal was reached, but how much credit can he take for the achievement? Inflation across 2023, as measured by the Consumer Prices Index (CPI) ended at 4.0%, a far cry from the 10.5% of 2022 and...
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