During his Spending Review last month, Chancellor Rishi Sunak confirmed that the Retail Price Index (RPI) will be replaced by the Consumer Prices Index including owner occupiers’ housing costs (CPIH) in 2030. The removal of the RPI metric, which is used to calculate inflation increases for financial products, could cost savers up to £96 billion,…

HM Revenue & Customs (HMRC) latest figures indicate that more than 347,000 people withdrew funds from their pensions throughout July, August and September this year. This amounts to a six per cent increase when compared with the same period in 2019, as savers over the age of 55 make use of the existing pension freedoms…

A leading expert in the field of property investment financing has revealed the six key criteria that lenders look for when approving new borrowing to fund a property portfolio. Aviram Shahar, CEO of online property lending tool, Lendlord, has shared his expertise with the publication Property Reporter on what banks and other lenders most commonly…

Many of us will be familiar with the 12 days of Christmas and the many promises made in the tune – who wouldn’t want 10 lords a-leaping over the festive period? Realistically the gifts that are given in the song probably won’t be on many people’s lists to Father Christmas this year, but we thought…

From April next year, the pension lifetime allowance will rise by £5,800 to £1,078,900, allowing individuals to save more money without paying tax. The lifetime allowance (LTA) is the maximum amount of pension savings a person can build up without a tax charge. It is currently £1,073,100 but will increase by 0.5 per cent in…

Research by the Institute for Fiscal Studies (IFS) has found that the Coronavirus pandemic has changed the retirement plans of one in eight older workers. The latest study is based on a survey from the English Longitudinal Study of Ageing (ELSA), which covered 10,000 people aged 50 and over. It found that 13 per cent…