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Financial Planning

Pandemic triggers shift to saving

People thinking more about their spending and financial priorities

The coronavirus (COVID-19) pandemic has lead to more people re-thinking how they spend and manage their money, with more than half (51%) now prioritising saving for an unexpected event or loss of income, research published suggests[1].

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Financial Planning

Financial planning for new parents

How to prepare your family’s finances

Becoming a parent for the first time is exciting, unpredictable, and of course, a little daunting. For some new parents it can also be overwhelming. Suddenly, you are not only responsible for your self, but another person who depends on you for everything. It also forces you to address financial issues you may not have had to focus on in the past.
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Pensions

What can I do with my pension?

Deciding how you want to start taking money

Due to the changes introduced by the government in April 2015, when you reach the age of 55 (subject to change) you now have more flexibility than ever when it comes to taking money from your pension pot.
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Retirement

State pension

How this fits in to overall pensions received

You don’t automatically receive your state pension, you have to claim it. You have the option to either claim your state pension or delay it by deferring claiming your pension income that you are due.
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Financial Planning

Financial resilience once you have stopped working

Who is well placed to cope with life events?

Part of being financially capable is being financially resilient. This means that we are faced with the challenge of working out how much to save to maintain our standard of living when we have stopped earning.
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News

6.4 million ‘accidental savers’

Pandemic has seen bank balances increase and debts such as credit card balances reduce

Figures for the entire economy conceal a great deal of variation in terms of the impact COVID-19 has had on household finances. Whilst millions of people have undoubtedly suffered considerably, a significant minority have found their financial position strengthened, with income largely unchanged and spending reduced.
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Financial Planning

Are you financially prepared for a baby?

Focusing on your baby and their financial future

Becoming a parent for the first time is exciting, unpredictable, and of course, a little daunting. For some new parents it can also be overwhelming. Suddenly, you are not only responsible for your self, but another person who depends on you for everything. It also forces you to address financial issues you may not have had to focus on in the past.
Categories
Financial Planning

Drawing a bigger state pension

How healthy you are and what tax rate are you currently paying?

You don’t automatically receive your state pension, you have to claim it. You have the option to either claim your state pension or delay it by deferring claiming your pension income that you are due.
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Financial Planning

Build your own financial plan

Vision without action is merely a dream 

Having a financial plan in place early on can make it easier to manage your money further down the line.