Using your inheritance effectively
Posted on July 3, 2023 by admin - Uncategorized
Monthly Archives: July 2023
The importance of understanding tax-free pension withdrawals
Posted on July 3, 2023 by admin - Uncategorized
Many over 55s are unaware that they can access 25% of their pension pot tax-free
A surprising 43% of individuals over 55 need to be made aware that they can withdraw 25% of their pension pot tax-free, according to recent research[1]. Knowledge could lead to better decision-making when it comes to accessing pension savings.
The Gender Pension Gap issue
Posted on July 3, 2023 by admin - Uncategorized
73% of women make only minimum pension contributions, compared to 58% of men
A significant difference in pension contributions between men and women has been revealed from a recent study[1], highlighting that women are more likely to pay the minimum required amount into their pensions under auto-enrolment.
Saving for retirement
Posted on July 3, 2023 by admin - Uncategorized
A decade-by-decade guide
Planning for retirement is essential to ensure you have the financial security to enjoy your golden years. As retirement can be a long way off, it’s essential to start saving for retirement as early as possible.
Bonds vs equities
Posted on July 3, 2023 by admin - Uncategorized
Where should income-seekers turn?
UK income-seekers often face the dilemma of choosing between bonds and equities for their investments. Both asset classes have their unique advantages and risks.
Should I delay my retirement?
Posted on July 3, 2023 by admin - Uncategorized
Delaying retirement could boost your chances of a secure financial future
With the persistently high inflation rate, it’s crucial for individuals nearing retirement to evaluate the impact of escalating living expenses. Adjusting or postponing retirement plans may provide enhanced financial stability in their golden years.
Investing mistakes to avoid
Posted on July 3, 2023 by admin - Uncategorized
Errors can have long-lasting consequences, setting you back financially
As individuals, we all have diverse visions for our future – some may be considering the forthcoming five years, while others may be focused on the next two decades. Regardless of your aspirations, ensuring that your investments are well-positioned and diligently contribute toward achieving your desired outcome is crucial. Ultimately, making the most suitable choice for you and your objectives matters most.
Hidden impact of inflation on savings
Posted on July 3, 2023 by admin - Uncategorized
A closer look at a financial understanding among Britons
A recent study has revealed that over half of the British population may not fully comprehend the hidden impact of inflation on their savings and buying power[1]. The research explored participants’ understanding of basic financial principles, including inflation, compound interest, risk and return, and the significance of life stages in financial planning.
Adjusting your investment portfolio with age
Posted on July 3, 2023 by admin - Uncategorized
Is your asset allocation aligned with your risk tolerance?
Your retirement portfolio serves as crucial financial support for an enjoyable retirement. Retirees with substantial portfolios may enjoy living off returns without touching the principal. However, those with smaller portfolios will likely need to access their funds eventually.
Tax relief matters
Posted on July 3, 2023 by admin - Uncategorized