The latest news is brought to you by WEALTH at work, a leading financial wellbeing and retirement specialist. WEALTH at work and my wealth are trading names of Wealth at Work Limited which is a member of the Wealth at Work group of companies.

How to identify if you are at risk of a pension tax charge and what you can do.

How to identify if you are at risk of a pension tax charge and what you can do.

27th April 2021

Someone aged 45, with a pension fund of £400,000 and a salary of £50,000, could have a pension fund of £1,381,000 by the time they retire at 65.

Saving an extra 1% of salary into pension can increase your pension pot by 25%.

Saving an extra 1% of salary into pension can increase your pension pot by 25%.

13th April 2021

Many people are already paying 5% of their salary into their workplace pension through auto-enrolment, with their employer contributing an additional 3%. However, they may not be aware that many employers are willing to match additional contributions up to certain limits, so they don’t take advantage of it.

Number of people on payroll fallen by nearly 700,000 in last year.

Number of people on payroll fallen by nearly 700,000 in last year.

25th March 2021

Latest reports from The Office for National Statistics have indicated that in February 2021, the number of payroll employees had fallen by 693,000 over a 12 month period.

Budget 2021.

Budget 2021.

3rd March 2021

Budget commentary 2021.

Budget commentary 2021.

3rd March 2021

Despite the rumours, the Chancellor of the Exchequer, Rishi Sunak, is keeping with the Conservative 2019 manifesto pledge not to raise the rates of income tax, VAT or national insurance.

What NOT to do with your pension in 2021.

What NOT to do with your pension in 2021.

11th February 2021

Latest figures from HMRC have revealed that 360,000 people withdrew from their defined contribution pensions throughout October, November and December 2020 which is a 10% increase on the same period last year.

Pension scams rife almost one year on from when Covid-19 first struck.

Pension scams rife almost one year on from when Covid-19 first struck.

11th February 2021

These uncertain times are often seen as a window of opportunity for scammers looking to prey on vulnerable individuals, with a recent report by Action Fraud finding that pension scams had become one of the most common types of fraud to occur last year.

Market Update - 10th February 2021.

Market Update - 10th February 2021.

10th February 2021

Global equity markets continue to move higher given the potential reflation of the global economy – no doubt helped by the $1.9tr US fiscal stimulus package that is currently working its way through Congress, coupled with the better-than-expected company result session and the rapid rollout of coronavirus vaccines.

Pension withdrawals continue to rise during the pandemic.

Pension withdrawals continue to rise during the pandemic.

1st February 2021

Jonathan Watts-Lay, Director, WEALTH at work, urges people to only withdraw from their pensions early as a last resort

Those facing redundancy need support to make the most of their finances.

Those facing redundancy need support to make the most of their finances.

28th January 2021

Latest reports from The Office for National Statistics have indicated that Covid-19 is continuing to drive job losses across the UK.

← Older posts