First of all, putting a retirement plan in place is key. The saying, “We don’t plan to fail, but we fail to plan”, has never been truer. If you are in your late fifties/early sixties and starting to think about retirement, there is certainly a lot to think about! So where do you start? [...]
Many people perceive pensions to be overcomplicated. However, the basic principle is a simple one. First of all, it is worth understanding the benefits of saving into a pension scheme and not just relying on the State Pension. The State Pension will provide you with a foundation, but for most of us, it may [...]
If you are in your fifties or early sixties now is a good time to start thinking about what your retirement income might look like. With our busy lives, it is always easy to put these reviews off as you may feel that retirement is still a long way off and there is little [...]
When undertaking a financial planning review with our clients our financial planners often talk about different asset classes. So what do they mean? Below is a brief overview of what these asset classes do. Some asset classes are better for income while others come into their own when you are looking for capital growth. [...]
Many financial planners fear that people are paying more tax than they need to because they do not fully understand the rules around withdrawing money from their pension. Firstly, when "pension freedoms" came into force back in April 2015, one of the key changes was the introduction of what is known as "Flexible-Access Drawdown". [...]
When was the last time you sat down with a financial planner to review your objectives and your attitude to risk? Hence your circumstances may have changed and you may be taking more risk and seeing more volatility than you need. Our investment philosophy and process is shown in more detail on our website. [...]
Whether it’s called Estate Duty, Capital Transfer Tax or now Inheritance Tax (IHT) death duties have been around for centuries. The purpose of these taxes has always been the same. To raise revenue for the Chancellor. Initially, the tax was aimed at only the very rich but over the years the bar has lowered [...]
It is only natural that after being with someone for a while that your finances become entwined. You will be surprised by how many financial products and agreements you will share with your ex-partner. These agreements may be in the form of a mortgage, credit card, car loan or even everyday utility bills. You [...]
Getting remarried in later life can impact your financial plans. By contrast, younger people are now less likely to marry, while marriage rates for men over the age of 60 and women over the age of 50 are increasing. These figures show that people are also choosing to cohabit either as a forerunner to [...]
Living well into and past your 90’s is a real possibility today. Life expectancy is certainly getting longer for both men and women. For some this sounds exciting, for others it’s a worry about how they will afford to live. Whichever way you look at it, it certainly complicates things, especially your finances. That's [...]
