The Department for Work and Pensions (DWP) has confirmed that State Pension payments will increase by 3.1% in line with the Consumer Price Index (CPI) from April 11, 2022.
26.01.2022 - 07:57 / dailyrecord.co.uk
Planning for your retirement can never start too early, especially after the UK workforce experienced an unprecedented period of uncertainty during 18-months of lockdown which saw 11.7 million employees out on furlough leave, at a cost of £70 billion.
However, now that the economy and most industry sectors are finding their financial feet again at the start of 2022, a recent survey of 1,000 people carried out by Opinium on behalf of Hargreaves Lansdown found that over one-third (34%) of people aged 45-54 have no plan in place for their remaining working years.
This compares to roughly a quarter of 35-to-44-year-olds and 25-34-year-olds who had no plan for the time between age 50 and retirement.
Some 42 per cent of those in the 45-54 age group said they planned to continue in their current job and work full-time. A further 10 per cent said they would stay in the same role but move to part-time hours - only five per cent said they planned to stop work completely.
Helen Morrissey, senior pensions and retirement analyst at Hargreaves Lansdown: “These findings point to a worrying lack of planning among those closest to retirement on how they plan to spend their remaining working years. The pandemic may well have played a part in this with the economic upheaval potentially causing chaos for people’s retirement planning with many older workers retiring early after being made redundant."
She continued: "There’s also the chance that the investment market volatility we saw earlier in the pandemic has had an impact on people’s pensions causing them to put off their plans for retirement a while longer.
“Easing into retirement by working part time is often a better way of managing such a huge change from a financial and emotional
The Department for Work and Pensions (DWP) has confirmed that State Pension payments will increase by 3.1% in line with the Consumer Price Index (CPI) from April 11, 2022.
luxury California home is reported to have been overtaken by a foul smell. The Sussexes' neighbours have been left "disgusted" by a stench across their house in Los Angeles. Harry and Meghan, aged 37 and 40 respectively, moved to the United States from United Kingdom two years ago.
US comedian Bob Saget’s death last month stemmed from an accidental blow to the head, his family have revealed. The Full House star was found dead on January 9 in a Florida hotel room.
LONDON -- Novels by Damon Galgut and Colm Toibin are among eight books contending for Britain’s Rathbones Folio Prize for literature.Galgut’s Booker Prize-winning South African story “The Promise” and Toibin’s novel about Thomas Mann, “The Magician,” were on the shortlist announced Wednesday for the multi-genre 30,000 pound ($41,000) prize.They are up against four other works of fiction: Natasha Brown’s debut novel “Assembly;” Claire Keegan’s “Small Things Like These;” Gwendoline Riley’s “My Phantoms;” and Sunjeev Sahota’s “China Room.”Contenders also include Selima Hill’s poetry collection “Men Who Feed Pigeons” and “Albert and the Whale,” Philip Hoare’s nonfiction book about the artist Albrecht Dürer.The winner, chosen by a jury of three other writers, will be announced on March 23.Founded in 2013 to rival the prestigious Booker Prize, the Folio is open to fiction, nonfiction and poetry from anywhere in the world published in Britain.
From April, State Pension will increase by £700 for all Brits.
The full list of Oscar nominations has been revealed for 2022.
CINCINNATI, Ohio (AP) — British rock band The Who will play their first concert in the Cincinnati area in over four decades, after 11 people died in a pre-show stampede in 1979. The Who will take the stage at the TQL Stadium on May 15, WCPO-TV reported Monday.The band’s return was originally planned for April 2020 at the BB&T Arena in Kentucky, but had to be postponed because of the coronavirus pandemic.
CINCINNATI, Ohio -- British rock band The Who will play their first concert in the Cincinnati area in over four decades, after 11 people died in a pre-show stampede in 1979.The Who will take the stage at the TQL Stadium on May 15, WCPO-TV reported Monday. The band’s return was originally planned for April 2020 at the BB&T Arena in Kentucky, but had to be postponed because of the coronavirus pandemic.Long haunted by the tragedy, The Who has for years supported a memorial scholarship effort in a Cincinnati suburb where three of the victims went to school.“We’re now playing in an even larger venue, which obviously will raise more revenue," for the scholarship, lead singer Roger Daltrey told the station.
The age at which people can retire and claim Sate Pension is rising again.
Personal Independence Payment (PIP) is a tax-free, non-means tested benefit for people over the age of 16 who have a physical or mental disability and need help taking part in everyday life, or have difficulty getting around outside the home.
Dua Lipa has today launched her “global style, arts and culture newsletter” called Service95.The free platform was announced last November and will be released weekly to subscribers – you can sign up here. Talking about the venture, Lipa said: “I find huge joy in telling people what I’ve learned about in any given city and love finding connection in our shared experiences.
The UK Government has confirmed that State Pension and benefits delivered by the Department for Work and Pensions (DWP) including Universal Credit, Personal Independence Payment (PIP) and Jobseeker's Allowance (JSA) will increase by 3.1 per cent next year.
Millions of people in the UK claim benefits which include Universal Credit, PIP, Housing Benefit, State Pension and Employment and Support Allowance.
State Pension is set to rise for millions of women this year.
Anitta delivered a live performance of her recent single ‘Boys Don’t Cry’ on US TV last night – check out the video below.The Brazilian singer appeared as the musical guest on The Tonight Show Starring Jimmy Fallon yesterday (January 31) ahead of releasing her fifth studio album, ‘Girl From Rio’, which will follow 2019’s ‘Kisses’. A release date for the record is not yet known.Performing with her live band, Anitta treated viewers to an electrifying rendition of ‘Boys Don’t Cry’ as dramatic visuals played out behind her.Speaking in an interview ahead of taking to the stage, Anitta told Fallon that the track was inspired by “the rock vibe” she was a fan of as a teenager.
Nearly a quarter (24%) of older people believe they will be forced to choose between heating their home and the food they buy if their energy bills increase substantially in April.
Selling Sunset star Vanessa Villela has announced her engagement to her beau Tom Fraud.The Netflix star, 44, who joined The Oppenheim Group in 2021 for series four, took to Instagram to share with her 741,00 followers her magical engagement to her photographer beau Tom who she met last year. Tom got down on one knee in front of the Griffiths Observatory in Los Angeles, California, while the Hollywood Sign could be seen in the distance. Vanessa penned a gushing tribute to her new fiancé and revealed: "One year ago I met the man of my dreams the one makes my heart skip every time, the man that makes me better in every single way, the man that I respect, adore, admire, and love with all my heart." But what do we know about Tom? Let's take a look...