Pension pot: Rising life expectancy puts pressure on savings | Personal Finance | Finance

While rising life expectancy is a good thing, nobody wants to spend their final years scraping by on what the state provides but that is the fate many now face. People in their 50s and 60s dramatically underestimate their chances of living to age 75 or 85, according to research from the Institute of Fiscal Studies. The result is that they save too little money for their retirement, or spend too freely in the years after they stop working. Tom Selby, senior analyst at AJ Bell, said the figures echoed…

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Car market dries up as drivers prefer NOT to buy DIESEL cars | Personal Finance | Finance

Just 13 per cent of drivers say they are now likely to buy diesel, according to a new report from Close Brothers Motor Finance, with sales particularly sluggish in the new car market. Car dealers have also reported a shift in attitudes with almost half saying their customers are shunning diesel because of a combination of the emissions scandal, this month’s tax hike on diesel motors and fear of future government crackdowns on high-polluting cars. From April 1, new diesel cars started costing between £15 and £520 more in Vehicle…

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Buy-to-let market attracts NEW INVESTORS despite the glory days being over | Personal Finance | Finance

GETTY HOME TRUTH: BTL taxes are rising However, it continues to attract new investors who took out 5,200 buy-to-let (BTL) purchase mortgages in February, according to new figures from UK Finance. Director of mortgages Jackie Bennett said this is a drop of 8.8 per cent in a year but landlords have not abandoned the market: “The buy-to-let market continues to operate at stable but subdued levels.” If you are wondering whether BTL might still provide a steady income for your retirement, Rob Bence, co-founder of landlord portal The Property Hub,…

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Investment world can wreak havoc if the bubble bursts | Personal Finance | Finance

GETTY The investment world is one that can go dangerously wrong, should the bubble burst So which of these is likely to pop first? AGE OF TROUBLE We have been living in an age of bubbles for the last two decades, as central bankers have repeatedly cut interest rates to support the stock market after disasters such as the dot.com crash and financial crisis. AJ Bell investment director Russ Mould said tech, mining and oil stocks, property, global bonds, crypto- currencies such as bitcoin, and even art, wine and vintage…

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How to protect against car theft | Personal Finance | Finance

CAR CRIME After falling for years, car theft is rising again as criminals crack new high-tech locking devices, including immobilisers and alarms. Many are exploiting vulnerabilities in keyless entry systems by using pairs of radio transmitters to capture fob signals. Police-recorded motor vehicle thefts across England and Wales peaked at 306,947 in 2002/03, steadily declining to a low of 74,168 in 2012/13, largely because of improved anti-theft security. However, thefts have since leaped by a hefty 20 per cent in 2016/17 to hit a six-year high of 91,433. Car crime…

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New tax year 2018: When does the new tax year start and end in 2018 for the UK? | Personal Finance | Finance

In the UK, the tax year starts anew every April, unlike many other countries where it begins on January 1 or New Year’s Day. The rules are dictated by the Government-run HM Revenue and Customs (HMRC) to help it calculate how income tax is collected.  When does the new tax year 2018/19 start and end? The UK tax year runs from April 6 until April 5. This has been observed for around 150 years, since Britain began using the Gregorian calendar system of accounting. How does the tax year affect me? If…

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