Busan International Film Festival has announced the 30 projects selected for this year’s Asian Project Market (APM), including new projects from leading Asian filmmakers such as Japan’s Koji Fukada, Indonesia’s Makbul Mubarak and India’s Rima Das.
26.07.2023 - 13:30 / dailyrecord.co.uk
New analysis by Standard Life, part of Phoenix Group, using the MoneyHelper annuity tool, has calculated the pension pot needed to secure a ‘minimum’, ‘moderate’ and ‘comfortable’ standard of living in retirement. Retirees who want to achieve a minimum living standard in retirement, which includes enough for the basics and one week’s holiday in the UK a year but no car, require an annual income of £12,800.
However, that figure only applies if the person is receiving full New State Pension payments, which are worth £10,600 over the 2023/24 financial year, and an additional annual income of £2,200. In order to buy an RPI linked annuity - which is a guaranteed income for life - they would need to have amassed around £50,000 in retirement savings at current rates.
People looking to retire earlier than the State Pension age, which is currently 66 and rising to 67 between 2026 and 2028, will need to bridge the gap in full amount from any private pension pot or additional savings.
Meanwhile, for amoderate retirement standard of living, which allows for a car and one foreign holiday a year, the PLSA calculates an income of £23,300 per year is needed. Again, assuming a full New State Pension is received, a retiree would need an annuity which provides £12,700 a year and would therefore currently need to save around £285,000 to secure this.
For a comfortable living standard in retirement, pensioners would need to amass a pot of around £530,000. This would incorporate the full New State Pension plus an additional £37,300 each year.
Dean Butler, Managing Director for Retail Direct at Standard Life, said: “Thinking about the amount of money you need to retire can be daunting, but having a savings target in mind gives you something
Busan International Film Festival has announced the 30 projects selected for this year’s Asian Project Market (APM), including new projects from leading Asian filmmakers such as Japan’s Koji Fukada, Indonesia’s Makbul Mubarak and India’s Rima Das.
Greenpeace activists have said they have scaled Rishi Sunak’s mansion in protest against his new drilling “frenzy”.
Jamie Webster has shared details of a huge gig at Sefton Park, and announced a new album ‘10 For The People’.The two new announcements come following the singer-songwriter’s recent slot at this year’s Glastonbury and TRNSMT festivals, and two outdoor shows in Liverpool, which saw him play to a crowd of 24,000 people.Now, the 29-year-old has announced yet another Liverpool date – a mammoth appearance at the city’s Sefton Park. The gig is set to take place on July 12, 2024 and will follow on from his previously announced run of 2023 UK tour dates.Set to kick off in November with two dates at Glasgow’s O2 Academy (9 and 11), Webster will then make stops in Bristol, Sheffield, and London, before playing two sold-out back-to-back shows at the O2 Victoria Warehouse in Manchester on November 17 and 18.
Karol G has announced details of a surprise new album ‘Mañana Será Bonito (Bichota Season)’, set for release later this month.The Colombian singer first revealed the news on social media – sharing a new teaser on her Instagram page. In the 30-second clip, the pink-haired singer, whose real name is Carolina Giraldo Navarro, draws her album artwork using grains of black and pink salt.
State Pension provides essential financial support every four weeks for 12.6million people across Great Britain, including around one million living in Scotland. This regular payment of up to £203.85 per week for the full, New State Pension or £156.20 per week for the old Basic State Pension (Category A or B) is available for those who have reached the UK Government’s eligible retirement age, which increased to 66 for both men and women in October 2020.
Harry Styles played to five million people over the course of his mammoth ‘Love On Tour’, with the dates raising $6.5million for charity.The two-year trek saw the soloist and former One Direction singer play 173 gigs in total, per a press release. He performed a record-breaking 18 nights at the Kia Forum in Inglewood, California, and smashed the attendance record for London’s Wembley Stadium.Additionally, Styles played 20 sold-out concerts at Madison Square Garden in New York City and delivered a pair of headline sets at Coachella 2022.The ‘Love On Tour’ began in North America on September 4, 2021.
Neighbours fans can officially get excited as the iconic soap's return date has finally been revealed for its big Amazon comeback.The Aussie soap was axed last summer, after 37 years, with fans devastated at the news, however, it was later announced that it would be making a return to our screens as production company Fremantle signed onto the project with Amazon Freevee. Fan favourites, including Stefan Dennis as Paul Robinson, Alan Fletcher as Karl Kennedy, Jackie Woodburne as Susan Kennedy and Ryan Moloney as Toadie Rebecchi, are all set to return.
The latest figures from the Department for Work and Pensions (DWP) show at the end of November 2022, there were 410,637 people across Great Britain receiving Attendance Allowance support for arthritis, making it the most-claimed for health condition by people over State Pension age. Nearly 37,000 older people in Scotland are receiving either £68.10 or £101.75 each week in extra financial support along with more than 1,100 living abroad.
The Department for Work and Pensions (DWP) now estimates that 165,000 older people have been underpaid their State Pension by £1.2billion due to historical errors affecting mostly married women, widows and those aged over 80. It also estimates that 210,000 people may have been underpaid a further £1.3billion due to historical issues relating to Home Responsibilities Protection (HRP).
Medical professionals have warned of seven symptoms that come with a cancer that is notoriously "difficult to treat”. Pancreatic cancer is a cancer that's found anywhere in the pancreas, an organ in the top part of your tummy.
phone hacking case against the publication’s parent publisher, News Group Newspapers, on Thursday.Justice Timothy Fancourt has also discharged Harry’s claim that there is a “secret agreement” between Buckingham Palace and the media.However, the court is allowing Harry, 38, to take the Sun to trial over what he alleges were illegal practices to obtain information against him.The case is set to hit the UK’s High Court in January 2024.The Sun is part of NewsCorp, which is the parent company of The New York Post.According to the Associated Press, the judge said that the Invictus Games founder was aware of the phone hacking issue earlier and should have brought it up sooner to the court.News Group Newspapers asserted that the suit should be canceled because the allegations had been made after the six-year window for bringing them was over.“There is no evidence currently before me that the Duke knew before the (deadline to file a suit) that NGN had done anything other than hack his mobile phone (at the News of the World),” Fancourt said.
State Pension is a contributions-based benefit that provides essential financial support for 12.6 million older people across Great Britain, including more than one million living in Scotland. Of that overall total, more than 1.4million people are also receiving additional support through Attendance Allowance.
UK State Pensions for people living overseas in retirement only increase in-line with the annual uprating - the Triple Lock guarantee - where there is a legal requirement to do so. An example of this is where there is a reciprocal agreement between the UK and the country of residence.
Love Island has delivered its fair share of shockers and plot twists over the years. However, the latest season is no exception, with fans buzzing about the hidden connection between two contestants, Jess Harding and Sammy Root.The on-off couple, who recently took their relationship to the next level, have never explicitly mentioned knowing each other before the villa.
State Pension currently provides a regular income for 12.6 million older people across Great Britain, including more than one million living in Scotland. The payment is delivered by the Department for Work and Pensions (DWP) to those who have reached the UK Government’s eligible retirement age, which is now 66 for both men and women, and have paid at least 10 years' worth of National Insurance contributions.
More than 1.4 million people over State Pension age are receiving regular financial support for a health condition through Attendance Allowance, including 127,399 living in Scotland. The benefit is worth either £68.10 or £101.75 each week and is designed to help older people with additional daily living expenses stay in their own home for longer.
In August 2022 there were more than 17,000 care homes registered across the UK, consisting of private care homes, voluntary care homes and public care homes run by local authorities and the NHS. The figures show that there are a total of 1,025 in Scotland, 14,535 in England, 1,024 in Wales and 405 in Northern Ireland.
The latest statistics from the Department for Work and Pensions (DWP) show that State Pension currently provides regular financial support for 12.6million older people across the country, including nearly one million retirees living in Scotland. This payment is available for those who have reached the UK Government’s eligible retirement age, which is currently 66 for both men and women, and have paid at least 10 years' worth of National Insurance Contributions.
A new online petition is calling on the UK Government to create a ‘living’ State Pension paid to people in retirement at the same rate as the National Living Wage for those aged over 23. The proposal would see some 12.6 million pensioners receive £343 each week, or just under £19,000 each year.
The UK Government recently announced that taxpayers now have until April 5, 2025 to fill gaps in their National Insurance (NI) record from April 2006 that may increase their State Pension - an extension of nearly two years on the July 31 deadline.