- Moneymagpie: New article! Find out how to make money collecting Bakelite here... http://t.co/dbbaFmYKzd #makemoney #collecting #bakelite #cash #collect (22nd May 2013 - 13:09)
- Moneymagpie: Read our new Rip-off Britain column about the latest job scams here... http://t.co/2ugcqyV5Ke #scam #column #jobs (22nd May 2013 - 13:05)
- Jasmine: @colinshelbourn Ha, just got your tweet. I thought the same and put myself straight to bed! (22nd May 2013 - 12:27)
- Moneymagpie: More job scams: I’ve been hearing about yet more scam job posts on internet sites (particularly sites like Cra... http://t.co/Z4XzyaSqLQ (22nd May 2013 - 10:23)
- Moneymagpie: How to live on half your salary in 5 easy steps http://t.co/JtK4c4LXUJ #savemoney #save #salary #stepbystep #bills (22nd May 2013 - 10:05)
- Moneymagpie: New article! More job scams - http://t.co/aaqt0salyY (22nd May 2013 - 07:41)
- Jasmine: RT @garwboy: I thought Dan Brown's new book had a tighter narrative but obscene product placement. Turns out I was reading Argos catalogue (21st May 2013 - 23:32)
- Jasmine: @Don03462790 Thanks for the RT! (21st May 2013 - 23:26)
- Jasmine: @FaizAhmedChohan Thanks for the RT! (21st May 2013 - 23:26)
- Moneymagpie: New article! Make money collecting Bakelite - http://t.co/3meXENPSbk (21st May 2013 - 17:42)
- Moneymagpie: Find out 50 ways to #savemoney by being green here... http://t.co/ndHKaMazAI #environment #greenliving #recycle #green (21st May 2013 - 16:17)
- Jasmine: @NeilMullarkey Thanks for RT! (21st May 2013 - 14:46)
- Moneymagpie: Find out how to invest when you don’t know anything here... http://t.co/u3IvK0pnkH #invest #savemoney #makemoney #investing #finance #guide (21st May 2013 - 14:20)
- Moneymagpie: #COMPETITION: #Win a Samsung Galaxy S3! Competition closes on Wednesday 22 May, so hurry and get your entry in now! http://t.co/uzp0P0UB1l (21st May 2013 - 14:18)
- Jasmine: Fab, the Moneymagpie newsletter is out (after a hiaitus last week!) http://t.co/qTdtYhcHOU (21st May 2013 - 14:08)
- Jasmine: @priteshpatel9 Yes, and expectations are higher when pp are paying. Not so bad when it was paid for by the govt! (21st May 2013 - 14:01)
- Jasmine: @patrickphilpott true! (21st May 2013 - 14:01)
- Moneymagpie: Find out 5 easy ways to make money in your lunch hour here... http://t.co/vdIO8uiEp0 #makemoney #lunch #ideas #food (21st May 2013 - 12:07)
- Moneymagpie: Can I resell airline and train tickets?: If you want to sell a plane ticket that you suddenly don’t need you m... http://t.co/cCQnqX5MCi (21st May 2013 - 10:20)
- Moneymagpie: Want to know what does a good travel insurance policy look like? Find out here... http://t.co/GNbOcvWw5q #savemoney #travel #insurance (21st May 2013 - 10:11)
- Moneymagpie: So you think you’ve done a bad interview?…: …and you’re not getting the job. Well I bet you weren’t as bad as ... http://t.co/DsL7jOzSJJ (21st May 2013 - 09:09)
- Jasmine: Almost one in three first year students at UK universities say their courses are not good value (21st May 2013 - 08:54)
- Moneymagpie: New article! So you think you've done a bad interview?... - http://t.co/BN6Kp6AteU (21st May 2013 - 08:01)
- Moneymagpie: Get your wardrobe sorted for the summer: It’s that time of year when I’m agonising over whether to switch my w... http://t.co/L0RvqxtcLU (21st May 2013 - 07:56)
- Moneymagpie: New article! Get your wardrobe sorted for the summer - http://t.co/3n7oAip3bR (21st May 2013 - 07:55)
- Jasmine: No! Justin Beiber's 'Baby' is biggest-selling (inc downloads, streaming etc) record of all time. aaaaaaaaaaaaagh! (20th May 2013 - 17:57)
- Jasmine: @Poorlybee :) x #havingarickastleymomentkeepittoyourself (20th May 2013 - 17:53)
- Jasmine: @ESTargetParking you certainly will :) (20th May 2013 - 17:52)
- Jasmine: @brtoon yup, that's what I always say about it #lottery (20th May 2013 - 17:52)
- Jasmine: @Poorlybee lol! :) (20th May 2013 - 16:15)
- Moneymagpie: Read our 14 magic ways to get rich in 2013 here...http://t.co/LDoqIpjlyt #makemoney #getrich #money #magic #cash (20th May 2013 - 16:09)
- Moneymagpie: New tax credits scam to watch out for: Do you receive tax credits? If so you must be on the alert for scam ema... http://t.co/Xv03WexRaV (20th May 2013 - 15:52)
- Jasmine: @Poorlybee thanks for RT! x (20th May 2013 - 15:48)
- Moneymagpie: New article! New tax credits scam to watch out for - http://t.co/jUNHTnWYtS (20th May 2013 - 15:46)
- Jasmine: RT @Moneymagpie: 31 brilliant #money making and money #saving #ideas. One for every day of this month. http://t.co/86JJF8klDJ … (20th May 2013 - 15:17)
- Jasmine: @brtoon oh dear! Well, I hope you win something some time (20th May 2013 - 14:31)
- Moneymagpie: Find out our 12 ways to feed your family for less here... http://t.co/fcljLIETAM #savemoney #family #food #tips #advice #save #money (20th May 2013 - 14:13)
- Jasmine: How awful. Lottery ticket sales hit an all time high of £6.9billion last year. (20th May 2013 - 12:54)
- Jasmine: There will be more mobile subscriptions than people in the world by the end of next year, a/c UN (20th May 2013 - 12:37)
- Jasmine: Is this tweet masquerading as a Twitter opinion poll actually a shameless attempt to get more followers? RT: Yes Favourite: No (20th May 2013 - 12:33)
Women need help with retirement savings
July 13, 2012
There’s more and more in the news about pensions at the moment and it’s going to get to a crescendo in the Autumn. Be prepared!
The latest info I’ve had is from YouGov saying that women are badly served when it comes to pensions and that half of them are saving less than £100 a month for their future.
This is nowhere near enough!
They say there are a few reasons for this:
- Confusion, lack of confidence and lower levels of investment combine to ensure British women can expect to have less money to live on in retirement than men.
- As a result, more than half of women (53%) say they worry about how they will afford to live in their retirement.
- Only 39% of women, compared to over half of men (56%), think their retirement plans will allow them to have a comfortable lifestyle when they retire.
- However, this worry doesn’t necessarily translate into action: a quarter (24%) of women aged 40-54 haven’t even started thinking about saving for retirement – compared to just 16% of men in the same age group.
The government is aware of this, though, and has been for quite a few years, which is why they’ve come up with a new pension scheme called NEST.
I’m pleased to hear about NEST because it’s plugging a gap, particularly for women, as it takes into account the fact that women regularly have to take time out to bring up children or care for relatives. Here are some of the key features of the new NEST account:
- NEST is an easy-to-use, low-cost occupational pension scheme available to all employers to help them meet their new duties under automatic enrolment.
- NEST can also be used for self-employed people or single-person directors.
- NEST has a public service obligation to accept any employer who wants to use the scheme to meet their duties, large or small, as a sole scheme or alongside other provision.
- NEST is not-for-profit and has a legal duty to act in the interests of its members.
- An individual’s membership of NEST can travel with them throughout their working life. This also means that employers do not need to manage ongoing administration of people’s pensions if they leave a company.
- Contributions can come from:
- You or someone paying in for you – regular contributions or one-off contributions of at least £10 are allowed
- Your employer – your employer can make regular contributions
- The government through tax relief
Also,NEST has an annual contribution limit which means the most that can be contributed to your pot in a single year is £4,400. (This is the annual contribution limit for the 2012/13 tax year. This figure will be adjusted every year in line with average earnings.)
It’s also very cheap to run which is REALLY good for the long-term growth of your fund.
So keep an eye out for NEST. It’s coming soon and if you’re working, or not working, I suggest you take one out. I’m certainly going to.