In a poll carried out by UK pension providers, a staggering 74% of those currently in employment had no idea of when they would be able to access their own pension. While most of the UK has now come to terms with the idea of having to work beyond 65, there is much uncertainty surrounding […]
UK Pension Terms Explained
April 21, 2014
Pensions are never far from being in the financial headlines. We all know it’s something we need to be thinking about, but every time we try to read something about it, something more instantly interesting tends to crop up and we brush any thoughts of the future under the carpet for the time being. ‘It […]
Lloyds’ £31.3 billion pension liability
September 1, 2013
State-owned Lloyds Banking Group is reported to have a pension liability of £31.3 billion as of the end of 2012 – the third largest of all UK firms. The report was carried out by Lane Clark & Peacock, a financial, actuarial and business consultancy. The figure is a substantial increase from the £28.2 billion reported […]
How much inheritance tax will your estate pay?
June 29, 2013
The concept of inheritance tax astounds most people who have paid tax on their earnings throughout their life, only to find their wealth is taxed again when they pass on. The wealthy can have some dreadful experiences with inheritance tax in Britain, and even if they move overseas, cannot escape the net if they still […]
