What Does Inflation Mean For Modern Retirees?
Retirees have traditionally hated inflation. It often has a brutal effect on fixed incomes such as the State Pension and annuities. Pension freedom may have helped to take the edge of this somewhat. Even so, inflation is likely to have to remain a concern for retirees for many years to come. Here are some of […]
Are you approaching retirement?
If you are nearing retirement, you may have been particularly worried about the impact of recent market volatility on your pension assets and perhaps you are reassessing your retirement plans. There are several things to consider if you are planning to retire, which will depend very much on your own circumstances. Since pensions freedoms were […]
Should You Prioritise Property Or Your Pension?
Both pensions and property can be good ways of financing your retirement. It is, however, important to think carefully about which you prioritise. Here is a quick guide to what you need to know. The basics of pensions. In the UK, public-sector employees may still have defined-benefits pensions. These are often called final-salary pensions as […]
How To Keep Your Pension Pot Safe
If you’re in employment, saving into a pension can be a lot like paying tax. The money comes out of your paycheque before it reaches you. You don’t have to do anything. In principle, you don’t even have to think about it. In practice, however, you should think carefully about it. With that in mind, […]
Can your pension pot sustain your retirement?
Working out how long your pension pot will need to last – as life expectancy rises – is worth thinking about sooner than later. The lockdown caused many people to reassess their lifestyles, which for some meant choosing early retirement. But what retirees have found is that pension pots are not matching the period of […]
Should You Consolidate Your Pensions?
The modern pensions landscape is something of a contradiction. On the one hand, pensions are often linked to employment. On the other hand, people will often have several employers over their working life. This can lead to them having multiple pensions. It, therefore, raises the question of whether or not it’s best to consolidate them. […]
What You Need To Know About Protecting Your Pension
With great freedom comes great responsibility. With pensions freedoms comes the responsibility to protect your pension from scammers, (as well as the effects of inflation and potentially ending up in the wrong hands after your death). Here is a quick guide to what you need to know. The danger of pensions scams Up until 2015, […]
How Will Millennials Fund Retirement?
National Insurance contributions do not pay for your state pension. They are simply contributions to government coffers to be spent as the government sees fit. Under current rules, those contributions do entitle you to a state pension (eventually). Those rules can, however, be changed as can anything related to a state pension. Here we look […]
Retirement For The Self-Employed
Time famously waits for nobody. Growing up may be optional but growing old is a reality. This means that everybody has to plan for it. If you’re a paid employee, the chances are that your retirement arrangements will be linked to your job. If, however, you’re self-employed, you’re on your own. Here are some self-employed […]
Covering the cost of the ageing process
Growing up is optional but growing older is mandatory for as long as you live. Ageing disgracefully can be a lot of fun but it’s important to realise that your post-work years can now stretch on for decades. You need to think about what the ageing process could mean for you in practical terms, especially […]
