Search Results.

£31.1 Billion in Lost Pensions – Guidance for Savers on Tracking and Consolidation

The issue of lost pensions in the UK is escalating rapidly. Research reveals that the total value of unclaimed pension pots has surged from £19.4 billion in 2018 to £31.1 billion in 2024. Currently, there are 3.3 million pension pots classified as lost.

Read more →

Inheritance Tax on pensions set to change: Could it mean an 87% tax charge for you?

Individuals are being urged to prepare for significant changes to the way pensions are to be treated under Inheritance Tax (IHT).

Read more →

A new era for pensions: legislative and regulatory shifts.

The UK pensions landscape is entering a period of major reform, with new legislation and regulatory initiatives aimed at improving outcomes for savers.

Read more →

The future of financial wellbeing provision.

New research launched today amongst 223 companies representing 1.3 million employees has revealed that more than half of employers (51%) plan to make changes to their financial wellbeing offerings in the next two years.

Read more →

It is crucial people are empowered to understand how to make the most of their pension savings for later life.

43% working-age people (equivalent to 14.6 million) are under-saving for retirement, according to a recent report by the Department for Work and Pensions. In addition, research from WEALTH at work found that in the last year, almost a quarter of UK employees (23%) have had to borrow money from family and friends because of money worries, and almost a fifth have taken on debt (18%).

Read more →

How ‘Save As You Earn’ share plan savers can avoid an unnecessary tax bill.

Many companies in the UK operate a Save As You Earn (SAYE) share plan often known as Sharesave, which provides employees with a tax efficient way to invest in their company’s shares.

Read more →

Key things to understand if your workplace offers share plans.

Share plans play an integral part in any reward and benefits strategy. They are designed to encourage longer term saving which can result in greater financial wellbeing. Jonathan Watts-Lay, Director, WEALTH at work answers some questions on the key things to understand if your workplace offers share plans.

Read more →

navigating retirement: the pension schemes bill, default traps, guidance and advice.

The journey to retirement, once a relatively straightforward path, has become increasingly complex, particularly since the advent of pension freedoms in 2015. While these freedoms offer unprecedented flexibility, they also introduce challenges, especially concerning how individuals manage their accumulated savings at the point of retirement.

Read more →

New research reveals increasing concerns over retirement affordability alongside a general lack of pensions understanding.

The number of working people who believe they will never be able to afford to retire is on the rise according to research by WEALTH at work.

Read more →