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Women ‘worse off from divorce’

Women are missing out on more than £5 billion a year in pension payments after going through a divorce.

Scottish Widows' Women and Retirement report, which consulted 10,314 adults, found 48% of women have no clue what happens to their pension when a marriage ends in divorce.

40% of divorced women said their retirement prospects declined as a result of the split, while 10% were relying solely on the state pension to provide post-retirement income.

Almost a quarter (24%) of women said they are unable to make any contribution towards their retirement savings following the break-up of their marriage.

Catherine Stewart, retirement expert at Scottish Widows, said:

"Generally speaking, women's retirement prospects are worse than men's.

"The persistent gender pay gap, maternity leave and career breaks can all hold back women's earning potential and this often impacts pension savings.

"Relationship breakdowns can leave people really vulnerable but, quite simply, they're also throwing significant sums of money down the drain."

Talk to us about your retirement planning.

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Easy Accountancy offers a low cost, fixed fee accountancy package with all clients receiving their own dedicated, friendly, approachable accountant.

All of our accountants specialise in providing accountancy services to the self-employed, freelancers, sole traders, small to medium sized limited companies and private individuals. All accountants are employees of Easy Accountancy and we never outsource or offshore work.

Our low cost, all-inclusive fixed-fee accountancy service includes unlimited access to your own dedicated accountant throughout the year and covers all your business and personal tax affairs needs.

All our accountancy services include:
  - Unlimited access to your accountant
  - Ongoing advice on how to manage your business
  - Proactive tax advice throughout the year
  - Updates and reminders so you'll never miss a deadline
  - Free bookkeeping software

As a sole trader our fees start at just £60 + VAT a month, for this you receive the above plus:
  - Completion of your Self-Assessment tax return
  - Advice on how much Income Tax to pay
  - Guidance on National Insurance contributions

As a limited company our fixed fee packages are bespoke to your needs, however typically you’ll receive the above, plus:
  - Completion of your year end accounts*
  - Completion and submission of your annual return Companies House
  - The director/s Self Assessment tax return
  - Payroll bureau
  - Dividends and corporation tax computations

We’ve saved our clients up to half on their accountancy bills – if you’d like a quote, click on the quote me button to the right of this page. Alternatively, call us on 01442 275767 or email newbusiness@easyaccountancy.co.uk.

*If you would like us to complete your company year end accounts we simply ask that you have been a client of Easy Accountancy for one year or have made 12 monthly payments.