Disability insurance (DI) is a type of insurance that insures the earned income of the beneficiary, especially if one gets a disability which results in their failure to complete the core functions of their work. Employees who have paid the Federal Insurance Contributions Act (FICA) tax can make use of the Social Security disability income insurance. For example if one … [Read more...]
A Guide to Pension Contributions and Types
An increasing number of people are putting money towards their pension — which is good news. Data from True Potential Investor shows that the proportion of people contributing nothing into pension pots dropped from 39% in Q2 2016 to 35% in Q3. It’s clear young people’s attitudes are changing too; Q3 2016 saw the number of 24-34 year olds making no pension contributions falling … [Read more...]
Pensions Map Infographic: How Much is the UK Saving?
The UK media has been filled with headlines about pensions this year but how well are people really preparing for their retirement? Financial services and technology organisation, True Potential, has put together the pension map infographic below. Take 5 minutes to browse the piece for yourself and uncover which areas of the UK are saving the most towards their pension … [Read more...]