CHANGE TO THE STATE PENSION TRIPLE LOCK
Pensioners ‘deeply disappointed’, particularly women and self-employed The earnings benchmark of the State Pension triple lock will be temporarily set aside for next year. The Department for Work and Pensions (DWP) confirmed on 7 September that the State Pension triple lock rule will not be applied for the 2022/23 financial year over concerns of the […]
PANDEMIC TRIGGERS SHIFT TO SAVING
People thinking more about their spending and financial priorities The coronavirus (COVID-19) pandemic has lead to more people re- thinking how they spend and manage their money, with more than half (51%) now prioritising saving for an unexpected event or loss of income, research published suggests. A third (32%) are setting aside money. This reflects […]
Preparing for the unexpected
Protection should be a core part of your financial plan When you think of financial planning, pensions and savings will spring to mind. But, whilst often overlooked, protection should be a core part of your financial plan. If you are worried illness or injury could leave you without enough to pay bills, there are solutions […]
INFLATION MATTERS
Guarding against rising inflation eating away at your investments Understanding inflation is an important factor when it comes to investing and your financial success. If you don’t factor inflation in when deciding where to put your money – whether that’s savings accounts or investing – you could and your wealth shrinks over the years. As […]
D E C I D I N G W H E N TO RETIRE
Looking at different sources to estimate how much income you’ll have When deciding when to retire, the most important thing to consider is making sure you have enough money to live comfortably.Imagine you’re retiring today. Will you be able to “nancially support yourself, and potentially your family too, with your current pension savings?The run-up to […]
Retirement plans being put in jeopardy
Pandemic threatens pushing over-50s into pension poverty The number of those over 55 dipping into their pension early has increased this year, as some have struggled to pay for essentials during the pandemic. More than half (53%) of people in their 50s fear running out of money in retirement, as they have been the most […]
What’s happening with inflation?
Easing of lockdowns boosts consumer confidence and unleashes pent-up demand Understanding inflation is an important factor when it comes to your financial success. If you don’t factor inflation in when deciding where to put your money – whether that’s savings accounts or investing – you could find your wealth shrinks over the years. The current […]
HOW TO TRACE MULTIPLE OLD PENSION POTS
With the disappearance of the job-for-life and with more people moving jobs several times throughout their working life and accruing multiple pension pots along the way, it can be all too easy to lose track of the pension funds built up. Over time, pension schemes close, merge or become renamed, Changed job? Moved house? It’s […]
TOP PENSION TIPS IF YOU’RE ABOUT TO RETIRE
Understanding your options and putting a plan in place We spend our working lives building towards retirement. Choices we make today will have a big impact on the quality of our lives later on. If you only have a handful of years to go until you reach your retirement, it has never been more important […]
Making inheritance gifts from surplus income
Are you making use of this useful and much under-utilised exemption? If you want to make inheritance gifts from surplus or excess income, there is a useful and much under-utilised exemption that allows gifts over and above the value of £3,000 per annum to be made without these gifts forming part of your estate if […]