Newsletter January 2019
1 in 4 do not know their state pension age
Almost a quarter of people aged between 50 and 64 do not know when they will be able to receive the state pension, research from Age UK finds.
YouGov polled 1,040 adults approaching retirement on behalf of the charity, with 24% of those in the dark about recent changes to the state pension age.
Talk to us about the state pension. http://www.handefs.co.uk/our-services/pensions
Government reveals plans for pension dashboards
The Government has confirmed its plan to introduce multiple pension dashboards, but stopped short of confirming when the state pension will be included.
Following a lengthy consultation, the Department for Work and Pensions (DWP) confirmed its intention to roll out the first dashboard sometime in 2019.
Get in touch with Herts & Essex Financial Services to plan your retirement. http://www.handefs.co.uk/our-services/pensions
Most adults have not got around to writing a will
More than half of adults in the UK do not have a will to provide for any beneficiaries or causes close to their hearts should they die.
Royal London found that 54% of 2,006 adults polled had not got round to writing a will, while 59% of those with children either do not have a will or have one that is out of date.
Talk to us about planning your estate. http://www.handefs.co.uk/our-services/estate-planning
OTS calls for digital inheritance tax system
The Office for Tax Simplification (OTS) has urged the Government to implement a digital system for inheritance tax, following complaints the current form-filling system is too complex.
On average, there are around 570,000 deaths in the UK every year, although inheritance tax is due on less than 5% of estates.
Get in touch with Herts & Essex Financial Services to discuss planning your estate. http://www.handefs.co.uk/our-services/estate-planning
source: PracticeWeb January 2019
Herts & Essex Financial Services
Bancroft, Hitchin Tel: 01462 458863