Unlocking pension choices
Understanding your pension options from age 55 Since the pivotal year of 2015, a variety of options have been granted to both personal and workplace pension savers. This heightened level of flexibility, however, doesn’t alter the fundamental purpose of pension savings to support your retirement years financially.
Heightened demand for annuities
Selecting the most suitable type and securing the best possible deal As we navigate life’s journey, retirement presents both a dream and a challenge. It’s the stage where we finally enjoy the fruits of our labour, a time for relaxation, exploration and personal growth. But the question that often looms is how can we ensure […]
Environmentally beneficial investments
Sustainable retirement savings options Over recent years, our comprehension of the climate crisis has significantly transformed. Countries and organisations are becoming increasingly ambitious with their net zero targets, while many individuals are making lifestyle alterations to reduce their household carbon emissions. However, some remain oblivious that pensions represent one of our most potent tools for […]
De-risking pension savings
Protecting assets from market volatility in the lead-up to retirement For many individuals, their pension investments are allocated to funds. These could be funds selected by their pension provider or ones they’ve chosen independently. Traditionally, retirement planning has centred around investing in shares-based funds during one’s younger years. As retirement approaches, the strategy typically shifts […]
Postponing retirement
Financial stability is the primary motivation for many to continue working Recent studies indicate that approximately half (49%) of non-retired Britons plan to extend their working lives beyond the age at which they’ll receive their State Pension[1], equivalent to approximately 19.2 million individuals[2].
When you retire, the investment dynamics change
Investing after retirement is quite distinct from accumulating wealth during your working years After a lifetime of hard work, you’ve successfully built a substantial and comfortable retirement account. Congratulations are in order. You’ve officially entered the golden years of retirement! Now, it’s time to enjoy the fruits of your labour, provided you’ve laid the groundwork […]
Living to the ripe old age of 100
Life expectancy significantly influences the size of the pension pot you will need Living to the ripe old age of 100 could require an additional £260,000 in pension wealth to ensure a comfortable retirement, compared to someone living until the current average life expectancy, according to the Office for National Statistics (ONS)[1].
Steps to take to get ready to retire successfully
Paving the way for a financially secure and enjoyable post-working life Identifying what will bring you tranquillity and satisfaction in your retirement is a crucial first step. However, understanding the financial pathway that leads to this goal is equally important.
Time to kickstart your retirement plans?
How to get your retirement plans in motion Retirement signifies a well-deserved achievement, a significant turning point in life. It should be a period of anticipation and joy, an opportunity to indulge in activities that bring happiness and contentment. Currently, retirement is marked by increased flexibility in accessing your pension savings. While this offers many […]
National Insurance Contributions (NICs)
Significant reforms and rates cut for millions of workers National Insurance is a cornerstone of the welfare and benefits system. As a citizen, your contributions will likely play a significant role in funding state provisions such as pensions, maternity leave, and bereavement support. If you’re over 16, under the state pension age, and either employed […]