Have you considered tidying up your arrangements? It would appear we are now increasingly becoming a ‘consolidation nation’, with many people combining their different contracts and services to make them easier to manage. It’s a growing trend, and new innovations are coming into the market all the time to tempt consumers. The recent launch of… Continue reading Pension decluttering
Category: Retirement
The nation’s favourite overseas retirement destinations
Over 6 million UK adults plan to move abroad in later life An even split In total, over 6 million UK adults are planning to retire abroad, with an even split between Europe and the rest of the world. Of the estimated 3.2 million UK adults planning to retire in Europe, Spain is the most… Continue reading The nation’s favourite overseas retirement destinations
State Pension reform
Over half of the UK population unaware of government plans Over half of the UK population are unaware of government plans to reform the State Pension and the impact that will have on them, according to recent research[1]. Among the 55 to 64-year-old age group, 32% are unaware of the changes due to come into… Continue reading State Pension reform
One of life’s unpleasant facts
Protecting your assets to give your family lasting benefits in an uncertain world Inheritance Tax (IHT) in the UK is a subject that was once something that only affected very wealthy people. It may be one of life’s unpleasant facts but today it affects more people than ever, partly due to the rise in the… Continue reading One of life’s unpleasant facts
‘Midlife crisis’
Baby boomers are some of the least prepared for retirement A recent survey has revealed the concerning fact that 40% of baby boomers, those aged 55 to 74, have not started to save specifically for retirement yet, despite two-thirds of respondents understanding the State Pension will not be sufficient. The BlackRock Global Investor Pulse survey… Continue reading ‘Midlife crisis’
Self-Invested Personal Pensions
TAKING MORE CONTROL OVER YOUR PENSION FUND INVESTMENT DECISIONS If appropriate to your particular situation, a Self-Invested Personal Pension (SIPP) could be another option to consider if you require the flexibility to choose where your pension money is invested. SIPPs are now also open to people of lower incomes – not just those with commercial… Continue reading Self-Invested Personal Pensions
Trusts
Helping you control and protect your assets One of the most effective ways you can manage your estate planning is through setting up a trust. The structures into which you can transfer your assets can have lasting consequences for you and your family, so it is important that you obtain professional advice as the right… Continue reading Trusts
Saving for a rainy day
Fewer people are putting money away despite improvements to the economy T he gap between the fortunes of savers and non-savers continues to widen, and research supports these findings[1]. ‘Habitual savers’ continue to put away more for a rainy day, but the total number of people saving has fallen, and, despite improvements to the economy,… Continue reading Saving for a rainy day
Paying Inheritance Tax
Estimating how much liability you could leave behind for your loved ones Usually the ‘executor’ of the Will or the ‘administrator’ of the estate pays Inheritance Tax using funds from the estate. An executor is a person named in the Will to deal with the estate – there can be more than one. An administrator… Continue reading Paying Inheritance Tax
Do you have enough money to retire comfortably?
New data shows consumer confidence improving but worry is still strife Data recently released by Aviva shows that over half (55%) of UK consumers worry that they will not have enough money to provide an adequate standard of living when they retire, with 18% of consumers saying they do not hold any form of savings… Continue reading Do you have enough money to retire comfortably?
