According to new research* from WEALTH at work of over 2,000 working adults with a defined contribution workplace pension, nearly half (49%) said they were unaware of what their pension is invested in.
More than one in five UK workers (22%) have had to borrow money from family and friends in the last year because of money worries, and a fifth have taken on debt (20%)
As announced in The Spring Budget, National Insurance (NI) is reducing from 10% to 8% from April 2024.
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.
With the end of the tax year fast approaching, there is still time to take full advantage of your £20,000 ISA allowance.
It’s now more important than ever to commit to organising your financial affairs.
WEALTH at work, a leading financial wellbeing and retirement specialist, has run financial education workshops for staff in hundreds of organisations.
The current economic environment is causing disruption to the retirement plans of many.
Managing your money during the festive season can be challenging, but some careful planning could mean you are able to enjoy the holidays without getting into debt.
The total value of lost pension pots has grown from £19.4 billion in 2018 to £26.6 billion in 2022. There are 2.8 million lost pension pots sitting unclaimed because they’ve been simply lost or forgotten about.
Research by WEALTH at work found that 83% of employees are concerned that the cost of-living crisis will mean they will have to work longer before retiring and 33% think they won’t ever be able to afford to retire at all.