Since the government introduced pension auto-enrolment in 2012, millions more workers have started saving for their retirement. Now, the government has confirmed plans to extend auto-enrolment to encourage a savings boost. The changes could have implications for both employees and business owners.

Following a review of auto-enrolment the government has revealed key reforms forecast to increase pension contributions by £2 billion a year.

Key auto-enrolment changes to be aware of

The minimum age of auto-enrolment will fall from 22 to 18
Youn...

• With inflation remaining stubbornly high the Bank of England has once again chosen to raise the Base Rates, this time by 0.25% to 5.25%.
• The Bank of England has opted for a 0.25% Base Rate rise.
• The Bank of England has raised the Base Rate to 5.25%.
• The Bank of England raised the Base Rate by 0.25% to 5.25%, the 14th rise since December 2021 when the Base Rate was just 0.1%.
• Both secured and unsecured borrowing can be affected by the interest rate rise. Review your budget to see if you can cut back on non-essentials or even overpay any...