NEW: Four big decisions for the 2025 Spending Review @beeboileau.bsky.social, @maxwarner.bsky.social and @benzaranko.bsky.social explain why tough choices will be unavoidable at the upcoming Spending Review in our new briefing:

EVENT: A look ahead to the 2025 Spending Review Join us at 11am on Monday 2 June for analysis of the key choices at next month's Spending Review, with speakers @beeboileau.bsky.social and @instituteforgovernment.org.uk's @stuarthoddinott.bsky.social. Sign up here: ifs.org.uk/events/look-...

New blog from @theifs.bsky.social suggesting that women who worked longer (because of higher state pension age) generally benefited from lower levels of cognitive decline. Those who did more physical jobs also benefited in terms of physical health, but the opposite was true for more sedentary jobs:

NEW: On average, working helps women in their 60s maintain cognitive function and delay the onset of physical disability. Not all types of work are beneficial, however. James Banks, Jonathan Cribb, Carl Emmerson and @david-sturrock.bsky.social summarise their new research:

NEW:The government continues to increase the state pension age. Next year it’ll start going up from 66 to 67. Some people choose to - or need to - work longer as a result. Does it run down their health? Or can work keep you young? We investigated for women whose pension age rose in the 2010s… 1/

Looking forward to speaking at this event tomorrow morning on the challenges faced by people managing their pension wealth in retirement. Do come along for some discussion of what one Nobel Prize-winning economist called 'the nastiest, hardest problem in finance' (!)

NEW @theifs.bsky.social report: Employees Pakistani and Bangladeshi background are around twice as likely to opt out of workplace pensions as other employees 1/

EVENT: Ethnicity gaps in pension participation Thurs 23 Jan 2025 | 2pm – 3pm | Online We present new findings on ethnic gaps in pension participation rates, with Taha Choukhmane, Athina Vlachantoni, @laurenceobrien.bsky.social and Carl Emmerson. Sign up here: ifs.org.uk/events/ethni...

Lots of UK #housing news to digest at a time when nearly one in five 25-34 year olds are living in their parental home; notably, growing reliance on ‘the hotel of mum and dad’ is associated with ‘increased reported experience of ill health’ in this age cohort.

NEW: 18% of UK 25-34-year-olds are living with their parents, up more than a third since 2006. @beeboileau.bsky.social, @david-sturrock.bsky.social and Isabel Atkinson's new report the ‘Hotel of Mum and Dad’ looks at who lives with parents, why and the implications for their savings. [THREAD: 1/9]

Around 1 in 5 people aged 25-34 live with a parent. This is up from less than 1 in 8 in the mid-2000s. The “Hotel of Mum and Dad” has become more popular but why? And who is benefitting from or giving intergenerational support in this way? Our new @theifs.bsky.social report takes a deep dive. 1/

Had fun chatting about inheritance tax and the budget for the Financial Fairness Podcast. Listen here: www.financialfairness.org.uk/en-gb/what-w...

Provocative read from @tom-clark.bsky.social referencing some of our @theifs.bsky.social findings. Key for a government aiming to expand opportunity to keep wealth in mind: Wealth transfers are a growing part of lifetime income and high house prices will shape who lives and works where.

🗺️🏡Check out our maps of how house price growth and building varied across areas of England since 1996.

Trying to bring some clarity on the various numbers flying around about inheritance tax and farms with @bbc5live.bsky.social today. HMRC and DEFRA figure are not inconsistent with each other. They measure different things: estates vs farm businesses

On @theifs.bsky.social podcast this week, Helen Miller, Paul Johnson and I discuss all things inheritance tax in the Budget! ifs.org.uk/articles/inh...

Budget IHT changes: - pensions brought into estates - business and agricultural assets: no IHT on first £1m of assets (combined) - 50% relief for agricultural and business assets above this £1m threshold ie 20% IHT where previously could be none - 50% relief for AIM Now we wait for the doc..

Budget IHT changes: - pensions brought into estates - business and agricultural assets: no IHT on first £1m of assets (combined) - 50% relief for agricultural and business assets above this £1m threshold ie 20% IHT where previously could be none - 50% relief for AIM Now we wait for the doc..

EVENT: Autumn Budget 2024: IFS analysis IFS researchers will present their initial response to Rachel Reeves' first Budget. Thursday 31 October | 10:30am - 12pm | Online Sign-up here: