Quit bad habits to make savings, research suggests
20/12/2011
Topic: Insurance & protection
Savers aiming to improve the value of their retirement pots can increase their disposable income by quitting bad habits, research released today (December 20th) has suggested.
By deciding to hand in the ashtray and stub out cigarettes for good, savers can add as much as £240 to their retirement pots on life insurance savings alone, a study by MoneySupermarket.com has shown.
The site also recommended paying home insurance annually to save £16, while taking out fully comprehensive car insurance over third-party cover could add £97 to the value of a pension pot.
MoneySupermarket.com Insurance Expert Peter Harrison said: “With the cost of Christmas undoubtedly making a dent in people’s wallets, many will be looking for ways to reign in their outgoings in the New Year.”
He added that families could save as much as £1,100 in 2012 if they take necessary steps to reducing their insurance premiums, such as through healthier lifestyle choices.
Yesterday, figures from the Office for National Statistics showed lower-income families were paying the most on alcohol and tobacco duties as a proportion of their disposable income.
Posted by David Shuker
By deciding to hand in the ashtray and stub out cigarettes for good, savers can add as much as £240 to their retirement pots on life insurance savings alone, a study by MoneySupermarket.com has shown.
The site also recommended paying home insurance annually to save £16, while taking out fully comprehensive car insurance over third-party cover could add £97 to the value of a pension pot.
MoneySupermarket.com Insurance Expert Peter Harrison said: “With the cost of Christmas undoubtedly making a dent in people’s wallets, many will be looking for ways to reign in their outgoings in the New Year.”
He added that families could save as much as £1,100 in 2012 if they take necessary steps to reducing their insurance premiums, such as through healthier lifestyle choices.
Yesterday, figures from the Office for National Statistics showed lower-income families were paying the most on alcohol and tobacco duties as a proportion of their disposable income.
Posted by David Shuker
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