PHASED RETIREMENT
PRE-RETIREES STARTING THEIR PLANS BUT WILL RISING LIVING COSTS HALT THEIR PLANS? Retiring early is a dream for many people and it is achievable for people who have been able to plan, save into a pension over a long period and taken financial advice to help them plan their finances. However, it can become a […]
DON’T MISS THE ISA DEADLINE
USE YOUR TAX-EFFICIENT ALLOWANCE OR LOSE IT FOREVER! Time is running out to take advantage of this year’s Individual Savings Account (ISA) allowances. You get one ISA allowance per tax year. So use it or lose it soon, when the tax year ends on 5 April. Any unused ISA allowance will not be rolled over […]
CHANCELLOR RETAINS STATE PENSION TRIPLE LOCK
STATE PENSION IS SET FOR A RECORD-BREAKING INCREASE FROM APRIL 2023 If you’re currently receiving or have been looking into the State Pension, then you’ve probably heard of the ‘triple lock’. But what is it? The triple lock was introduced in 2010. Its purpose is to make sure that the State Pension doesn’t lose value […]
MILLENNIALS WILLING TO FORGO INHERITANCE
HARDER TO SUPPORT BIGGER FINANCIAL COMMITMENTS OF OLDER GENERATION PARENTS Many people want to do what they can to ensure they maximise the amount they leave to their family and minimise Inheritance Tax, but working out how much you can afford to give away during your lifetime isn’t easy. With finances being stretched in all […]
INCREASING FINANCIAL SUPPORT FOR MILLENNIALS
COST OF LIVING CRISIS DRIVES EARLY INHERITANCE GIFTING The rising cost of living is cutting into even the most resilient saving pots and salaries, forcing many to re-consider their financial priorities, whatever their generation or income. Those millennials now turning 40 are facing very different challenges to when their parents were the same age; however, […]
SHRINKING SAFETY NETS
MORE PEOPLE SET TO DIP INTO EMERGENCY FUNDS Having money set aside can help to provide protection against any abrupt financial changes. A new report has identified one in four working households with savings (28%) have started dipping into them to meet rising living costs. A further 30% anticipate they will need to do so […]
COST OF LIVING CRISIS
Signs of more economically active people over the age of 50 Older people in the UK are increasingly returning to work, according to new research.The cost of living crisis is now affecting many pensioners drastically. The research also found that the proportion of older people who are self-employed has more than doubled over the same […]
RELUCTANT TO RETURN
MILLIONS WANT TO STICK WITH LOCKDOWN LIFESTYLE CHANGES The COVID-19 pandemic has been incredibly difficult for everyone and made a huge impact on the lives, personal finances and jobs of millions of people. The restrictions introduced during the pandemic were forced on the nation and it was assumed that once they ended, people would quickly […]
PREPARING YOUR FINANCES FOR RETIREMENT
COULD MARKET VOLATILITY AND INFLATION MEAN YOU HAVE TO DELAY RETIREMENT? It’s never too early to start planning for retirement. But if you’re nearing retirement, it’s especially important to have a plan in place in case market volatility or inflation impacts your desired retirement timeline. Some people assume that they will be able to retire […]
SPOTTING AN INVESTMENT SCAM
HOW SCAMMERS ARE GETTING MORE CONVINCING Around half of UK adults (51%) have or know someone who has received a suspicious communication in the last 12 months, according to new research. This equates to 27 million people across the UK. Most of these cases can be described as ‘phishing scams’ (51%), when a fraudster attempts […]