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.
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.
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.
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.
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.
If you have ever changed jobs, moved homes or had a company you worked for change ownership or close down, then you know how easy it is to lose touch with your pension savings provider. This can happen for a variety of reasons, but it often means that your savings are no longer as secure as they could be.
Continue reading “Combining multiple pension pots into one single pot” →
People planning for retirement should think hard about what they want to do when they eventually stop work. It is helpful to have a good idea of the lifestyle you want, how much it will cost and how you are going to pay for it.
Your pension is one of your most valuable assets, and for many it offers financial security throughout retirement and the rest of their lives. But, like anything valuable, your pension can become the target for illegal activities, scams or inappropriate and high-risk investments
One of the most difficult decisions you’ll ever have to make is when to retire. It’s a personal choice that depends on many factors, both financial and non-financial. There’s no single right answer, but there are some key things to consider that can help you decide if retirement is the right choice for you.
Continue reading “Is retirement the right choice for you?” →