Number One In Scotland!
"Only 28% of under 35s and 35% of those aged 35 to 54 think the State Pension will still be around when they reach retirement." https://www.financialreporter.co.uk/later-life/only-a-third-of-under-55s-expect-state-pension-to-exist-when-they-retire.html read more
"It takes 22 years for a typical saver to build a pension pot of £82,000 - the average amount lost to scams in 2018, research from the FCA and The Pensions Regulator shows." https://www.financialreporter.co.uk/later-life/a-quarter-at-risk-of-losing-22-years-worth-of-pension-savings.html read more
"Royal London suggests that savers should think twice before raiding their pension as not only would they have to pay income tax on any pension withdrawal; they would also incur costs such as stamp duty. These taxes can bite huge chunks out of the initial sum meaning people may need to radically rethink what type of property they can afford." https://www.financialreporter.co.uk/retirement/why-funding-a-buy-to-let-investment-with-a-pension-pot-could-be-a-costly-mistake.html read more
"In a survey at this week's Financial Reporter Later Life Lending Roadshow, 49% of respondents said that less people will plan to fund their retirement with a buy-to-let property due to recent regulatory changes in the market such as stamp duty increases and cuts to mortgage interest tax relief." https://www.financialreporter.co.uk/later-life/advisers-predict-fall-in-pension-pot-landlords.html read more
A quick survey. Please click on the link and participate in our survey. https://www.facebook.com/159847780696622/posts/2289466111068101/ Do you believe you will get a state pension when you get old? read more