Last week the Treasury Committee launched a call for evidence on the Lifetime ISA, a type of tax-free savings account that helps people save for a house purchase as well as a pension.
yet this varies significantly depending on age and pension type. For 25 to 34-year-olds, it’s £9,300, but for 55 to 64-year-olds it rises to £107,300. The chart below shows the size of the ...
Chancellor Rachel Reeves is looking to free up billions of pounds from the UK’s £1.2tn defined benefit pension system in her latest attempt to kick-start growth. The government is preparing to allow ...