NEW: Early retirement is increasingly concentrated amongst the wealthy, while poorer people are more likely to stop working due to ill health. THREAD on Jonathan Cribb’s new report on who gets to retire and when for the Pensions Review, in partnership with abrdn Financial Fairness Trust: [1/9]

This quote from OBR "The reduction in 2027-28 pre-measures borrowing relative to our March forecast is therefore mainly a reflection of a £19.1 billion erosion in the real value of departmental spending."

What difference would it make to cut inheritance tax? Andrew O'Brien for Demos (supported by abrdn Financial Fairness Trust) writes that it's not the silver bullet politicians might think in ConservativeHome Read more: conservativehome.com/2023/12/11/and…

"fewer Scottish households have money in savings to cope with financial shocks; around three-in-ten have no savings at all". abrdn Financial Fairness Trust CEO Mubin Haq writing in The Scotsman today on our latest research with Personal Finance Research Centre Read more: scotsman.com/news/opinion/c…

.Gordon Brown cites new analysis by Donald Hirsch for abrdn Financial Fairness Trust to discuss just how threadbare working-age social security has become 👇

The shortfalls in social security are stark. A decade ago a single adult would need to spend 73% of their benefits to cover just food and energy. Now it doesn’t even cover those basics. New analysis abrdn Financial Fairness Trust Donald Hirsch financialfairness.org.uk/en/our-work/pu…

Having access to a small financial cushion could be a game changer for the financial resilience of many families

Check out this excellent thread from the brilliant Molly Broome in which she explains how we can help people save more for emergencies & pensions at the same time (and why we need to) 👇

Our new report out today by ⁦Donald Hirsch⁩ finds that there is a 1 in 3 chance that someone earning a middle income today could fall to the poorest 40% next year. There’s a 1 in 10 chance they’d fall to the poorest 20%. ⁦abrdn Financial Fairness Trust⁩ theguardian.com/business/2024/…

Come work with us!

✅Are you a fan of robust policy research? ❤️Are you passionate about improving living standards? ⭐️Would you benefit from a really good pension scheme (who wouldn’t?!) If the above sounds like you, you have one week left to apply for our Research Manager role 👇

Most savers never hit the existing tax relief limits in ISAs, so the new British ISA is most likely to benefit the richest households.

New research highlighting the intense volatility in Universal Credit payments for those in work, creating high levels of financial insecurity. In-depth review of household finances by IPR supported by abrdn Financial Fairness Trust financialfairness.org.uk/en/media-centr…

Beautiful campaign from a wonderful group!

Interesting new proposal from Conservatives, offering a triple-lock plus to ensure those only receiving the state pension are not subject to income tax. The number paying this has risen considerably - new briefing from Institute for Fiscal Studies supported by abrdn Financial Fairness Trust ifs.org.uk/articles/new-t…

How has income growth fared over the last 35 years? It was amongst the best and now ranks really low compared to our peers - though not as bad as Greece! Latest analysis on living standards from Institute for Fiscal Studies supported by abrdn Financial Fairness Trust financialfairness.org.uk/en/media-centr…

Do voters really want lower taxes at all costs? My answer- it’s complicated- but mostly no!

This is so important in the debate on taxes. Yes UK taxes are high historically - but lower than many others including Germany, France, Italy, Spain, Belgium

Twice as many people said they would pay more tax to fund public service spending, than said they would rather have a tax cut & see public service funding fall.

Dogs are great and so are exercising your democratic rights #dogsatpollingstations Also, looking for a way to fill the time until the polls close? Why not read my blog? 👇