Pension 'lifestyling' could cost workers £163,000

A typical middle earner could end up with £163,000 less in their pension pot due to 'lifestyling', warns Murphy Wealth. The strategy shifts savings from shares to bonds and cash before retirement, potentially sacrificing growth.

2.1m pensioners face savings tax 'bombshell'

A Freedom of Information request shows 2.1 million people aged 65 and over are expected to face Income Tax on savings interest in 2026/27, up from 517,000 in 2022/23, with total liability forecast at £3.34 billion.

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