Considering making contributions ahead of the tax year end?
Investing for the future is vital if you want to enjoy a financially secure retirement, and it requires you to look at the big picture. Although pensions can be complicated, we will help you get to grips with the rules if you are considering making contributions ahead of the tax year end. Here are our top pension tax tips. Continue reading “Looking at the big retirement picture”
Building up your nest egg is more discipline than difficult
For today’s retirees, retirement has changed almost beyond recognition since their parents’ day. Building a retirement fund requires saving enough money to pay your bills and continue living comfortably when you are no longer drawing an income. Continue reading “Plan for the life you want”
Treasury enjoying a tax bonanza from pension withdrawals
Following changes introduced in April 2015, you now have more choice and flexibility than ever before over how and when you can take money from your pension pot. Continue reading “Pension unlocking”
Move to equalise male and female pension ages
Women will now start to qualify for the State Pension at the same age as men, currently set at 65. The move to equalise male and female pension ages began 25 years ago and has been gradually phased in. Your State Pension age is the earliest age you can start receiving your State Pension. It may be different to the age you can get a workplace or personal pension. Continue reading “State Pension”
Looming pensions saving crisis on the horizon
The number of people running their own businesses has soared since the financial crisis, with a significant number being set up by someone aged over 50. But an unhealthy number of self-employed workers in the UK do not currently save into a pension. Continue reading “Self-employed finances”
Job prospects, savings, safety nets and life expectancy
Rising housing costs, soaring student debt and low wage inflation have left many millennials with stretched budgets. They may get regularly mocked as Generation Snowflake obsessed with spending on luxuries, but new research[1] shows they are focused on saving for retirement and want more support. Continue reading “Generational finances”
Tax aspects require careful planning after recent government changes
Pensions have the reputation of being confusing, but they needn’t be. Private pensions are usually used by people who don’t have access to a workplace pension scheme, but you can also have one if you are employed or not working. They work in much the same way as workplace pension schemes, but you, rather than an employer, are responsible for choosing the provider and setting up your plan. Continue reading “Funding your golden years”
Taking responsibility for funding our own retirement
Although each generation will likely face different challenges and opportunities, achieving retirement readiness will require actions common to us all. Continue reading “Pension freedoms”
Why sorting out your pension may not be the biggest priority
What is likely to be a divorcing couple’s most valuable asset? The family home will spring to most people’s minds first. But the value of a pension could well be the biggest single asset in the relationship. Continue reading “Relationship breakdowns”
The greatest strains on physical and mental health
There is an increasing trend of people working for longer and delaying their retirement, with some staying in work out of financial necessity. Continue reading “Work pressures”