Chancellor Rishi Sunak delivered a Budget to ensure the UK economy bounces back following the coronavirus (COVID-19) pandemic. The Chancellor announced that total departmental spending will grow by £150 billion per year in cash terms by 2024/25, marking the largest real term increase in overall departmental spending for any Parliament …
Pensions experts say a minimum of £10,900 a year needed to retire
A single person will need post-tax annual income of £10,900 for a minimum standard of living in retirement, according to the Pensions and Lifetime Savings Association (PLSA). The minimum retirement living standard covers a typical retiree’s basic needs plus enough for some social activities, such as a week of holiday …