News

Commenting on the announcement by a Treasury Minister that the Government will amend Budget measures to ensure that so-called "granny flats" will not be hit by a stamp duty rise intended for people buying second homes, Saga's director of communications Paul Green commented:

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• Stay in a waterfront hotel
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• One million over 50s are ‘second lifers’ – those who have second family later in life
• One in eight over 50s still have a mortgage
• Second-lifers have an average mortgage debt of more than £80,000
• One in 17 over 50s had their last child when they were 41 years or older

• Nearly one in five still to make their mind up
• Nine out of ten over 50s plan to vote in the Referendum

• Properties sold for more than £325,000 have doubled since 2009
• 94% of properties sold in East Central London are over the inheritance tax ‘nil-rate band
• Just one in 10 individuals can correctly identify the IHT threshold for a single person, and a mere 4% for married couples and civil partners
• New ‘main residence’ allowance, introduced in April 2017, will benefit homeowners

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• One in six over 50s going on holiday this year will hire a car
• People can now add hire car excess waiver insurance (HCEW) to their Saga Travel policy

• Seven nights from £471
• Free bar up to 12 hours a day
• Choice of regional flight departures

Fairytale castles, chocolate-box views and Eddie the Eagle movie magic!

Saga's latest inflation report shows that annual Consumer Price (CPI) inflation stood at 0.3% in February, unchanged from the previous month. Inflation therefore remains substantially below the Bank of England’s central target of 2.0%.

• Roofs and heating are among the most common things that need repairing
• Around 66,000 over 50s will take out a loan to fix central heating
• 120,000 people in their 50s may use pension freedoms to pay for home repairs

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