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Financial Planning

A crucial decade: financial planning in your 50s

Maximising your earnings or laying down a robust financial plan

As you sail into your 50s, it becomes pivotal to consider your financial strategy. Life has likely found a steady rhythm by now. Children have probably taken flight, becoming financially self-sufficient, and the idea of reducing work hours or even retiring completely starts to surface.

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Financial Planning

Decoding auto-enrolment

Good news on the horizon for future retirees

For employees, auto-enrolment is a crucial component to consider in their retirement strategy. Understanding auto-enrolment becomes critical as we increasingly understand the need for adequate retirement preparation. Historically, while some companies offered their employees the chance to contribute to a pension fund for retirement preparation, others did not.
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Financial Planning

Strategies to minimise retirement tax

Many pensioners may face a lurking tax risk as the State Pension grows

Many pensioners may face a potential tax pitfall as the State Pension escalates and Income Tax bands remain fixed. Pensioners are set to see a substantial increase in their income next year. The State Pension is projected to rise by 8.5% in April 2024, following a 10.1% increase in April 2023[1].
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Financial Planning

How much will I need to live on in retirement?

Planning for your life after work to ensure a financially secure future

Retirement planning is an important step to ensure a financially secure future. When calculating how much you’ll need to live on in retirement, there are various factors to consider. Everyone’s circumstances are different.

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Financial Planning

How to reduce the impact of inflation on retirement income

During periods of economic uncertainty, it’s advisable to reassess your retirement plan

Living on a fixed income such as a pension during high inflation can be challenging. As costs rise, your monthly income remains the same, potentially causing your pension pot to deplete faster than anticipated and impacting your retirement standard.

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Financial Planning

Preparing the next generation to engage with their finances

How to help with money management and financial literacy 

Passing on the benefit of your experience to your children or grandchildren is crucial for their future success. However, financial planning can be complex, and even the most knowledgeable individuals may need help.

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Financial Planning

Key traits for successful wealth-building

Developing an investment strategy tailored to your goals 

Committing to a financial plan is crucial for building wealth and achieving long-term financial goals. When you have a plan, you are more likely to stay focused on your objectives and take the necessary steps to reach them.