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Financial Planning

Healthy pension pot

Ways to maximise the value of your retirement savings

If you’re aiming to build a healthy pension pot to fund your retirement, there are a few key mistakes you’ll want to avoid. These can set you back and make it harder to reach your goals.

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Financial Planning

Cost of living crisis

Signs of more economically active people over the age of 50

Older people in the UK are increasingly returning to work, according to new research[1]. The cost of living crisis is now affecting many pensioners drastically. The research also found that the proportion of older people who are self-employed has more than doubled over the same period.

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Financial Planning

Start saving early and often

What kind of lifestyle do you want to maintain?

How much you’ll need to retire depends on a number of factors, including how long you expect to live in retirement and what kind of lifestyle you want to maintain.

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Financial Planning

Cash may not be king

If you’ve been saving into a defined contribution pension (sometimes called ‘money purchase’) during your working life, from age 55 (age 57 in 2028) you need to decide what to do with the money you’ve saved towards your pension when you eventually decide to retire.

Categories
Financial Planning

Accumulating a nest egg

Why saving enough for retirement is challenging for many people

One of the biggest financial challenges people face is saving enough money for retirement. There are a number of factors that can make this difficult, such as low income, high living costs and unexpected expenses.