Seven ages of retirement planning

Research provides insight into the different ages at which people move from one financial phase to another. The division of human life into a series of ages appears to have been a common theme among writers and philosophers through the ages. Indeed, the idea is famously explored in a monologue from Shakespeare’s As You Like It, which compares the world to a stage and catalogues the seven stages of a man's life. Whilst society has advanced somewhat since those words were first put to paper, a similar division can be used to look at the milestones at which people today start to move from one financial ‘age’ to the other. The insurer Aviva asked over-50s who had been proactive in saving for retirement to recall when they started doing so1.  From this it constructed the seven ages of retirement planning (see table below). Starting out Just over a quarter of those questioned said...
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20% of landlords plan on selling up

The National Landlords Association’s (NLA) latest research shows that 20% of its members plan to reduce the number of properties in their portfolio in the next year – the highest level of intended property sales in 10 years.The NLA believes this is due to recent tax changes, and has created a series of videos to assess and explain the impact of these changes on landlords and tenants.The four videos contain research, conducted by Capital Economics for the NLA, which shows that landlords and tenants will pay more than their fair share in tax as a result of changes made by the Government to curb buy-to-let activity in the private rented sector (PRS). These include: The withdrawal of mortgage interest relief for higher and additional rate tax payers A three per cent surcharge on purchases of additional property The banning of upfront letting fees for tenants. The first video, ‘Taxing homes’,...
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