Living costs soared by 5.1% in the 12 months to November 2021 to reach their highest level since September 2011. The main rate of inflation, as measured by the Consumer Prices Index, increased 0.9% from the 4.2% recorded in the 12 months to October 2021. Forecasts...
Savers will benefit from new rules outlined by the Department for Work and Pensions, which will introduce a threshold at which pension providers won't be able to charge a flat fee. The rules mean pension savings invested in the default funds of auto-enrolment schemes...
The Bank of England's Monetary Policy Committee (MPC) has resisted calls to increase interest rates from 0.1%. The MPC voted by a majority of 7-2 to maintain interest rates at the all time-low seen since the pandemic began, the same split as last month. With rising...
Salary sacrifice arrangements could help lessen employees' additional tax bills from the rise in National Insurance contributions (NICs) from April 2022, according to a report. From April 2022, NICs will rise by 1.25% for employees, employers and the self-employed, to...
More than one in three over-60s would use their full new state pension entitlement to contribute towards care costs, according to a report. Canada Life polled 642 people aged 60 or above and found that 37% would use their state pension to pay for long-term care. The...
