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The State Pension can form a large part of an individual’s retirement income. For 2019/20, a full new State Pension will pay £168.60 per week (£8,767 pa) and under current rules, this will increase each April by the higher of average earnings growth, the rate of inflation (measured by CPI) or 2.5%. Many individuals approaching …

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On 9th January this year the long-anticipated ban on pensions cold-calling came into place. This is a welcome step forward in preventing pension scammers from accessing hard-earned retirement funds and comes three years after a campaign to ban the practice started – led by Darren Cooke. Last year the FCA published a report analysing pension …

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Chancellor Philip Hammond’s Budget yesterday was the final budget before the UK leaves the European Union, when we will enter a new chapter in our country’s economic history. The alterations to the income tax bands have been brought forward by a year. From April 2019, the Personal Allowance will be £12,500 and the higher rate …

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As financial planners, we do consider our own savings and financial circumstances, as well as those of our clients. One particular area that keeps coming up is that “millennials” (those born between 1981 and 1996) will be the generation with a larger savings burden when it comes to their retirement than any previous generation. This …

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