Retirement

The UK, Northern Ireland and US have come to agreement on the qualification of certain UK pension and retirement arrangements under a treaty for the avoidance of a Double Taxation regarding Taxes on Income, signed in July 2001.

There is a seven-year gap between the age at which people want to retire and the year at which they will actually retire, new research indicates.

The confusion related to pensions is stopping individuals from saving for their future, new research reveals.

The Annuity Bureau warns the removal of the statutory requirement to increase pensions in payment, along with a longer life expectancy may leave new retirees exposed to the dangers of inflation.

Industry firms are still uncertain how they will proceed with their A-Day plans because the Inland Revenue has yet to issue all the regulations that will govern the new pension simplification regime, new research indicates.

Scottish Equitable believes the Government's aim to encourage flexibility in retirement after A-day will lead to an influx in the self-investment market.

The Department for Work and Pensions (DWP) has released pension and benefit rates for 2005-06, revealing an increase in the full basic state pension from £79.60 to £82.05.

New figures released by the Department for Work and Pensions indicate the average weekly net income for all pensioners is £246 for the period 2003/4.

Only half the key 45-54 age group is contributing towards a pension, suggests new research from Mintel.

A pensions expert is warning industry members not to jump the gun by concentrating solely on A-Day in 2006, as there are other changes affect pensions advice before then.