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Pensions, savings and investments

› Pensions, savings and investments

HMRC overtaxing savers on pension withdrawals

As many as 200,000 savers may have paid too much tax on one-off withdrawals.

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Pension freedoms payments hit record high

200,000 people took out flexible payments worth a record £1.86 million in the 3 months to 30 June 2017.

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Adults ‘overestimate retirement discounts’

Many adults may be overestimating the perks they receive to make their retirement more affordable.

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Government raises state pension age

People born between 6 April 1970 and 5 April 1978 will have to work an extra year.

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Adults not saving enough on regular basis

56% of adults feel they are not saving enough of their pre-tax income each month.

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