Home > News > Debt advice

More than 4 million fear they`ll be made redundant Consumers took on more mortgage debt in July Debts called in by parents Teenagers `scared of debt` Rising household costs could pressure people in debt Pensions debt may impact workers` retirement funds Welsh young adults `at highest risk of debt problems` Over 50s can`t afford to enjoy retirement because of debts Budget: tackling the nation`s debt Short-term debt: `no need for price control` The cost of clearing debt Education debt Tackling the national debt Number of mortgage deals on offer exceeds 3,000 Almost 5 million take on debt to pay household bills OECD: household debt more than 120% of disposable income Petrol price falls help people in debt Amount of mortgage debt taken on at lowest level in ten years Northern Ireland sees significant IVA rise Overdraft debt `becoming more expensive`

Maternity leave `stops retirement saving`

13/11/2007

Many women who take time out to go on maternity leave do not think about the effect that time off will have on their retirement savings, a financial expert has claimed.

As such, many women do not start saving properly for their retirement until their mid-30s, forcing many to seek debt advice when they reach retirement age, AJS Wealth Management warned.

While the majority of women who take a career break say they will start saving for later life as soon as the go back to work, there is a significant proportion who do not plan for retirement, which leads to requests for debt advice at a later date, Anna Sofat, director of AJS Wealth Management, said.

Ms Sofat added: "Initially, I think [women] don`t even think about the long term - they think: `I`ll go back to work in a year, or two years and pick it up again - it`s not the end of the world`."

According to research from Scottish Widows, 41 per cent of women earning more than £10,000 a year currently save into a pension compared with 54 per cent of men.

More than 4 million fear they`ll be made redundant 16/12/2010 - According to R3`s quarterly personal debt tracker, more than 4 Consumers took on more mortgage debt in July 26/08/2010 - Consumers took on £2bn more mortgage debt than they repaid Debts called in by parents 26/08/2010 - According to research, `the bank of Mum and Dad` is Teenagers `scared of debt` 19/08/2010 - Nearly two thirds of teenagers are `scared` of debt, according