How to stay within the limit to avoid a tax charge
If you’ve been diligently saving into a pension throughout your working life, you should be entitled to feel confident about your retirement. But, unfortunately, the best savers sometimes find themselves inadvertently breaching their pension lifetime allowance (LTA) and being charged an additional tax that erodes their savings. Continue reading “Pension lifetime allowance”
Plan for a better tomorrow, today
Responsible investment is a catch-all term to broadly describe funds that invest to make a positive change, either to the environment or for society. Within this umbrella term there are four broad investment approaches: ethical exclusion; responsible practice; sustainable solutions; and impact funds. Continue reading “Sustainability matters”
Impact on people opting for early retirement as a result of the pandemic
An increasing number of people have been forced into early retirement due to the economic impact of the coronavirus (COVID-19), with many worried about how they’ll make ends meet in the future. Because of the pandemic, we are currently in a challenging economic period. The global economy has taken over ten years to recover from the shock of the last financial crisis. Continue reading “Will your pension run out early?”
What can you do with your pension pot?
When the time comes to access your pension, you’ll need to choose which method you use to do so, with options including: buying an annuity, taking income through (flexi-access) drawdown, withdrawing lump sums or a combination of all of them. Continue reading “Retirement options”
Planning to achieve your retirement goals sooner
Age change to when people can start taking pension savings
The government has confirmed that it plans to increase the minimum pension age at which benefits under registered pension schemes can generally be accessed, without a tax penalty, from age 55 to age 57 commencing 6 April 2028. Continue reading “Minimum pension age to increase”
Happy young couple taking financial advice at home
No two individuals share the same goals or ambitions. Each person is unique, with their own needs, targets and budgets. So when it comes to managing your money, building wealth, securing your future and, above all else, drawing up an effective plan for fulfilling your investment objectives, professional financial advice should be tailored to your unique specific needs. Continue reading “Time to look at the ‘big picture’?”
Portrait of a middle-aged couple sitting on a rock at the beach. They are wearing sweaters and jean, the man has grey hair
According to The International Longevity Centre UK (ILCUK) report, a substantial proportion of Generation Xers (those born between 1965 and 1980) in the UK face financial difficulty in retirement, with one in three expected to face significant disadvantages.[1]. Continue reading “Generation Xers chronically under-saving”
Multi-generation family having fun together outdoors
As the coronavirus (COVID-19) pandemic continues into a second year, we’re learning more and more about its financial impact. While many individuals and families are struggling up and down the country, there is a particular strain placed on the parents of adult children. Continue reading “Funding your child’s future lifestyle!”
Elderly couple in love. Senior husband and wife hugging and bonding with true emotions
Imagine you’re retiring today. Have you thought about how you’re going to financially support yourself, and potentially your family too, with your current pension savings? The run up to your retirement may feel overwhelming, but this is an important time for you and your savings. Continue reading “The Golden Years?”
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