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 […]
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 […]
When Can You Retire?
Over recent years, the state pension has made the headlines fairly regularly. One of the reasons for this is the increase in state pension age. Now, the government is proposing to increase the age at which people can access private pensions. Depending on your position, this may be a big deal or a moot point. […]
How To Avoid Being A Poverty-Stricken Pensioner
If you’re on a defined-benefits (“final-salary”) pension, then you’re probably either already drawing it or in the public sector. For most people, defined-contributions (money purchase) pensions are the only option available now. That means the onus is on you to maximize your returns so that they literally fund the rest of your life. Here are […]
Making the Most of Your ISA Allowance
The COVID19 pandemic has highlighted the importance of having both cash savings and insurance (for all the complaints about the latter). At the same time, it’s still important to prepare for the future, especially your retirement. Your ISA allowance could be used for both purposes, but that may not be a good idea. Here’s what […]
COVID-19 affects retirement plans for over three million
Recent research shows 1 in 10 UK adults with a pension (and not yet retired) have reduced or stopped pension contributions because of Covid-19. 1 in 10 UK adults have reduced or stopped pension contributions 1 in 4 workers are worried about paying for everyday essentials 1 in 5 workers are worried about keeping up […]
2020 The story so far
Little did we know, as we entered a new decade, what was in store for the global economy in 2020. Around the globe, the Covid-19 pandemic has inflicted a huge human cost. The response, and the measures to reduce the spread of the virus have inevitably had a significant impact on global economic activity. A […]
How Personal Pensions Work
[et_pb_section fb_built=”1″ admin_label=”section” _builder_version=”4.16″ custom_padding=”0px|||||” global_colors_info=”{}”][et_pb_row admin_label=”row” _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text admin_label=”Text” _builder_version=”4.21.0″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” use_border_color=”off” border_color=”#ffffff” border_style=”solid” global_colors_info=”{}”] The basic idea behind personal pensions is fairly simple. You pay in money throughout your working life. This is invested by your pension provider (or by you directly in […]
