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Workplace savings in numbers

By Marianne27 April 2015

  • 50% of the UK female population is now saving adequately for retirement, representing a 10 percentage point rise year on year (Scottish Widows Women and retirement report, November 2014
  • 3 December 2014: The date when individual savings account (Isa) tax advantages were extended to partners from April 2015, as announced in the Autumn Statement 2014 (December 2014)
  • £15,240: The amount Isa allowances increased to from April 2015, as announced in the Autumn Statement 2014 (December 2014)
  • 19% of people in the UK have no savings (The Savings report 2014, Scottish Widows, March 2015)
  • 8.6%: The percentage that Asda’s 2014 sharesave plan take-up increased by year on year
  • £10m: The amount that more than 1,000 Whitbread employees will share following the maturity of the organisation’s three-year and five-year sharesave schemes on 2 February 2015
  • 75% of 30- to 49-year-olds and 81% of 18- to 29-year-olds do not understand pensions (Helping hands research, Barnett Waddingham, December 2014)
  • 15% of employees said they feel confident about general investment planning (UK Employee benefits trends survey, MetLife UK, January 2015)
  • 40% believe they are saving enough for retirement either into pensions or alternatives such as Isas or property (Portus Consulting, January 2015)
  • £1m: The amount that the pensions lifetime allowance will be reduced to from 6 April 2016, as announced in the Budget 2015
  • £10,800: The amount that personal tax allowance will be increased to from April 2016. It will further increase to £11,000 from April 2017, as announced in the Budget 2015
  • £19.5m: The amount of extra funding pension guidance service Pension Wise will receive from the Treasury in 2015–16

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