Around half of today’s over 50s will have to save more and work longer if they want an adequate income in retirement, it has been revealed.
Research from the Pensions Policy Institute examines how much longer today’s over 50s in England might need to work and save to meet target levels of retirement income.
The research has [...]
With UK market conditions continuing to make it difficult for would-be home owners to get a foot on the property ladder, the average age Britons expect to be able to buy their first property is now 37 years old, according research from MoneySupermarket.com.
UK adults who do not currently own a property were asked at what [...]
Government body UK Financial Investments is in talks to sell £10bn worth of RBS shares to a consortium of investors led by Sheikh Mansour, the owner of Manchester City Football Club.
Earlier this week sources said talks had been ongoing for some time with a number of parties over the sale of part of the government’s [...]
Two-thirds of Britons (65%) have been forced to put important life decisions on hold due to the current economic climate, research by MoneySupermarket has revealed.
Those aged 18-34, often considered the “prime age” as far as important life changes are concerned, have had to put the most on hold: 17% have put off buying a house [...]
Property closest to some of the best primary schools in England have reached such a high price premium that buyers can expect to pay up to 42% more than they would for comparable homes nearby.
Some areas show even more extreme valuations. Houses in the catchment area of one Lancashire school sell for £572,500 on average. [...]
A 4.8% growth in the average monthly rent led buy-to-let investors across the UK to achieve a rental yield of 6.1% in 2011, according to figures from BM Solutions.
While 2011 rental yields were marginally lower than the previous year (6.2%), they remained buoyed by continued rental increases across the UK.
Improvements in consumer sentiment have been identified in the BSA’s latest Property Tracker – but these have been offset by rising fears over job security.
In March, significantly more consumers said that they expected property prices to rise in 2012, 41% of those surveyed compared to 33% in December 2011.
Across the UK, consumers in the South [...]
Here are the key points announced in this year’s U.K. Budget…
Income Tax
50p top rate of tax cut to 45p from April 2013;
Personal income tax allowance increases to £9205 from April 2013;
Anti-tax avoidance rule introduced.
Pensions
Age-related allowances for pensioners simplified from April 2013 with single personal allowance that ensures no pensioner loses;
Automatic review of state pension age [...]
Four and a half million Britons are permanently overdrawn and more than 17 million have gone into the red over the last 12 months according to research from comparison site MoneySupermarket.com.
It found that more than a third (35%) have used their overdraft in the last 12 months, with those aged 18-34, (49%) the most common [...]
With many consumers continuing to feel the effects of the wider economic pressures, research by The Co-operative Bank has revealed that one in five Brits (20%) actually have no savings set aside for life’s emergencies.
The findings show that In the event of an emergency, those Brits without savings would rely on other forms of borrowing [...]
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