There is just over a month left to check and fill any gaps in National Insurance (NI) records going back to 2006 to boost State Pension entitlement. As a minimum of 35 years of NI is needed to receive the full State Pension payment, anyone who thinks that they may have any gaps in their records should check their entitlement now so they can consider filling these before 5 April.
With the end of the tax year fast approaching, there is still time for individuals to take full advantage of their £20,000 ISA allowance.
Following a review, the new Pensions Minister, Torsten Bell has confirmed auto-enrolment (AE) thresholds will be maintained at the current levels* for 2025/26.
National Parent Mental Health Day – on 30th January – serves as a powerful reminder of the unique challenges faced by working parents.
The temporary increase in Stamp Duty Land Tax (SDLT) thresholds is set to expire on 31 March 2025, meaning transactions completed after this date will be subject to the higher Stamp Duty rates.
In the current environment, it has become difficult for a lot of people to save as much as they would like. With this in mind, WEALTH at work, a leading financial wellbeing and retirement specialist, has prepared these tips as the basis for strengthening your finances.
“Planning how to pay for retirement is one of the biggest financial decisions people make. It is important to understand all the options, make informed decisions, and avoid making expensive mistakes with their hard earned savings.”
As 2024 draws to a close it is important for people to reset their finances and goals for the year ahead. Factors that impact your finances could have changed significantly over the previous year, so it’s always a good idea to regularly review.
“Managing money during the festive season can be challenging, but careful planning could make it possible to enjoy the holidays without getting into debt.” says Jonathan Watts Lay, Director, WEALTH at work, a leading financial wellbeing and retirement specialist.
According to WEALTH at work’s research of over 2,000 workers, the biggest financial concerns for the year include not having enough savings for unexpected costs (40%), not being able to save enough for the future (38%), not being able to pay basic living costs such as rent, mortgage payments, energy bills, food etc. (34%) and being in debt (29%).