Carry forward allowance overlooked by advisers in retirement planning

clock • 4 min read

Economists have noted British households' propensity to accumulate ‘excess savings' during the pandemic with a mixture of academic satisfaction and quiet admiration, says Christine Hallett, CEO of Milton Keynes-based Options For Your Tomorrow. A study by AA Financial Services found that 85% of British adults spent considerably less during lockdown. Our monthly fuel bills fell by an average of £49; we saved £57 by not venturing out to the pub or a restaurant and pocketed a further £53 by avoiding the high street and spending online instead. On average, households found themselves more tha...

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