£21,000 a year is the minimum needed for a comfortable retirement

October 14,2021 - Steve Collier

£21,000 a year is the minimum needed for a comfortable retirement How much income do we need in retirement? It’s a question that can be difficult to answer, but new research tells us that we need at least £21,000 a year as a single person to live a moderate lifestyle, rising to £35,000 if we are living as a couple. More of us are saving in a workplace pension than

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New Health and Social Care Tax Reforms

September 09,2021 - Neil Haley

New Health and Social Care Tax Reforms A new health and social care tax has been introduced across the UK to pay for reforms to the care sector and NHS funding in England. Much of the revenue initially will be devoted to cutting waiting lists in the NHS, with social care receiving just £5.3bn of the £36bn expected to be raised over the next three years. Longer term, the money

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How much income do I need to be able retire? Well, how much do you spend?

August 19,2021 - Paul Hubbert

How much income do I need to be able retire? Well, how much do you spend? When approaching retirement age, we often see a shift in how people approach money. There is a period of time when retirement is on the horizon, but there can be uncertainty about how much income pension savings will provide and a lack of clarity on how that money will be taken. It is often

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Olympic Gold Wins for Team GB: Planning Leads to Success

July 29,2021 - Paul Fazackerley

Olympic Gold Wins for Team GB: Planning Leads to Success Team GB has celebrated the success of several Olympic medal wins this week. The television coverage of the games has caught the hearts of the nation, and interviews with athletes and their families have given us all a glimpse of just how much work and planning goes into preparing for these events. But behind the medalists stands a retinue of

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How to get an investment portfolio designed and balanced for your future.

July 08,2021 - John Woolhouse

How to get an investment portfolio designed and balanced for your future. When you are investing money, you want to know that the funds your financial adviser selects are going to meet your need for growth or income. You also want to be absolutely sure that your money is invested in line with your attitude and tolerance towards taking investment risk. When a financial adviser has lots of clients, you

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How to improve your pension income as you approach retirement

July 01,2021 - Paul Hubbert

How to improve your pension income as you approach retirement If you are approaching retirement and you are disappointed with the amount of pension income you’re forecast to receive, there are steps you can take now to boost your retirement income. This applies both to your State Pension entitlement as well as to any personal or workplace pension savings you have. There are two main actions you can make to

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Saving into a pension for a grandchild or godchild.

June 10,2021 - Paul Fazackerley

Saving into a pension for a grandchild or godchild. Locking money away until your child is in their 50s may seem a strange idea when there are so many expenses for a child that may be more urgent. Driving lessons, university fees and buying a home are all financial hurdles that will come first. The advantage of being a grandparent or godparent is that you are able to provide the

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We answer your questions on… Lifetime ISA

June 03,2021 - Kevin Dunn

We answer your questions on… Lifetime ISA: use it to save for a house deposit and get a 25% government cash bonus A Lifetime ISA (Individual Savings Account) is a great way to help you save a deposit for your first home or to save for later in life. It offers a better way to save over other saving schemes or ISAs because with a Lifetime ISA the government will

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Your retirement savings may not be enough: here are 5 reasons why.

May 06,2021 - Paul Hubbert

Your retirement savings may not be enough: here are 5 reasons why. Many people come to us with a clear idea of how they plan to spend their retirement. Having the financial security to be able to finish work and enjoy a comfortable lifestyle is often the ultimate goal. How we save and plan for the future financially can be based on the experiences we have learnt from our parents.

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Taking tax-free cash from your pension at 55: It should be a last resort.

April 01,2021 - Steve Collier

Taking tax-free cash from your pension at 55: It should be a last resort. Covid has brought financial challenges for many people. Some have faced significant loses either with redundancy or damage to their business. Many people have been forced to make changes, to take jobs they may not have previously considered and to adjust to significant lifestyle changes. When people are financially vulnerable, there comes an unstoppable flow of

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