What’s your take on the recent news that the State Pension is going to increase to 68? Do you think even 68 is optimistic and that the reality is that sooner rather than later we could be looking at a State Pension age of 70? And what does that mean for today’s students, about to leave college and university. At…
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Theresa talks money – Part 2.
In the second of our conversations with BBC Scotland’s Theresa Talbot we find out a bit more about what she does with her money at the moment and we set her some tasks to complete. She also talks pineapples and notebooks, although were still not really sure why!
Read MoreAre the new ISAs worth it?
Part of the problem revolves round confusion about when the money built up in the LISA can actually be used. When it was introduced the Chancellor said that it could be used either at retirement or when first time buyers purchase their first house. Of course if you can’t use it until you have actually completed on your house purchase then it can’t be used to help with your deposit – something that George Osborne seemed to suggest was central to its introduction when he announced plans for the LISA at his last budget.
Read MorePensions – how the Chancellor fudged the changes
The Government, in particular George Osborne who was Chancellor at the time, made it all sound really attractive when he stood up on Budget day and announced the changes. ‘It’s you money, you should be able to do what you like with it’ was what he seemed to be saying and while, within limits, that’s the case what the Chancellor didn’t explain very well
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