Is it time to give your pension a spring clean?

The start of the new tax year can serve as a useful prompt to refresh your finances and take a look at your pension. Are your plans on track for your retirement? Here are a few steps you can take. PLAN AHEAD FOR A BRIGHT FUTURE One of the most important things you can do … Continue reading “Is it time to give your pension a spring clean?”

Hurrah! Pension Tax Relief unchanged

Although there had been much speculation, the Chancellor stopped short of major pension changes in his 2018 Budget speech, leaving pension tax relief unchanged. Other than the raising of the Lifetime Allowance in line with the Consumer Prices Index to £1,055,000 for the 2019-20 tax year, the rules surrounding pensions will stay the same. AN … Continue reading “Hurrah! Pension Tax Relief unchanged”

Will your pension be affected by a no-deal Brexit?

What will happen to pensions when we leave the EU? With the possibility of a no-deal Brexit, there is even more uncertainty over retirement funds. We look at how your pension could be affected – whether you have dreams of retiring abroad or staying in post-Brexit Britain. As we near 29 March 2019 – the Brexit … Continue reading “Will your pension be affected by a no-deal Brexit?”

If you’re self-employed, make 2019 the year you sort out your pension

Being your own boss has risen in popularity over the last few years. There are now around 4.8m self-employed workers in the UK1, representing around 15% of today’s workforce. Whilst being your own boss comes with lots of benefits, it does mean that you have to be responsible for your own pension arrangements and can’t … Continue reading “If you’re self-employed, make 2019 the year you sort out your pension”

Does your money need a New Year workout?

We can all be guilty of letting our finances go, especially over the Christmas season. So now is a good time to take a long look at the state of your wealth and review the plans you have in place for the future. Regard us as your personal trainer, here to help you get your … Continue reading “Does your money need a New Year workout?”

How to avoid running out of pension savings

Are you spending your pension too fast? Brits aged 55 and over may be at risk of spending their pension pots too soon, a new government survey has warned. The latest report1 by Pension Wise in particular highlights the difference in spending between those who have sought their guidance and those who haven’t. In the … Continue reading “How to avoid running out of pension savings”

Early Retirement? It may soon be a thing of the past!

According to analysis by Aviva1, the number of people retiring before they reach age 65 is set to continue decreasing rapidly. The insurer calculates that by 2035 almost no one will be able to afford to retire early. Higher life expectancy, the demise of final salary pensions and a rising state pension age are contributing … Continue reading “Early Retirement? It may soon be a thing of the past!”

Don’t let jargon put you off saving for your retirement

One reason for the lack of pensions awareness could be the system’s perceived complexity. Just getting to grips with the financial jargon associated with pensions can be a hurdle for many people looking to plan for their retirement. If you’re feeling perplexed by pensions, here we explain a few commonly-used terms. DEFINED BENEFIT PENSION A … Continue reading “Don’t let jargon put you off saving for your retirement”

Keep up the good work – the prevalence of the part-time pensioner

We know demographics are changing. We’re living longer, quite alarmingly; the population of England is set to rise by around nine million by 20391, with almost two thirds of that increase occurring in the pension age bracket. Not so long ago, many people’s lives fell into three distinct stages – education, career and retirement. The … Continue reading “Keep up the good work – the prevalence of the part-time pensioner”

Plan today for the retirement you deserve

You may feel that retirement planning isn’t the most riveting topic, but the sooner you engage with the concept, the sooner you’ll be able to put plans in motion to secure your financial future. If you are disengaged from thinking about your retirement, you aren’t alone as a recent study1 reveals. In the UK, 45 … Continue reading “Plan today for the retirement you deserve”