If you’re in your late 30s or early 40s, retirement might still feel like a distant concern. After all, with the pressures of mortgages, raising children, and day-to-day expenses, planning for your later years can easily slip down the priority list. However, Pension Awareness Week 2024 is here to remind you that now is the…
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Almost a quarter (23%) of women in their 20s (aged 22-29 years) would be frustrated if they couldn’t retire by the age of 60, according to new research[1]. Despite this, 10% of this group have opted out of their employer’s pension scheme, further risking their chances of retiring when they plan to. Additionally, 35% don’t…
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According to research [1], almost a third of UK adults who have checked their tax code (31%) have found that they have been on the wrong one at some point. Additionally, one in six (15%) UK adults do not know if they are on the right tax code. The findings also reveal that nearly a…
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How you invest in your 50s could significantly impact your quality of life in retirement. While there is still time to increase your retirement savings, a seemingly simple mistake could derail your plans. This is where obtaining professional financial advice becomes crucial. With retirement now in sight, as you approach this milestone, ensuring your money…
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Around one in five grandparents over the age of 50 in the UK provide childcare help for their grandchildren, but thousands may be missing out on a valuable scheme that could increase their State Pension entitlement[1]. Soaring childcare costs mean many parents turn to grandparents to look after their children when they return to work….
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Recent developments have seen the government introduce a Lifetime Provider model for workplace pensions, a move that has sparked considerable interest and debate. Findings from a recent survey reveal a striking preference among employees for their employers to take the lead in selecting their workplace pension provider. A significant 69% of respondents favour this approach,…
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In the world of investing, where numbers and market analyses typically dominate, a crucial element often remains veiled in the backdrop – our behaviour. Behavioural investing emerges as a pivotal field, merging the realms of finance and psychology to scrutinise how our emotions, cognitive biases, backgrounds and world views intricately influence our investment decisions. It…
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As we embark on the new tax year, it presents an opportune moment to review your pension savings strategy, setting a solid foundation for future financial stability. Early attention to your private pension at the onset of the fiscal year is not just about cultivating beneficial saving habits; it’s also about ensuring you fully exploit…
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Individual Savings Accounts (ISAs) offer a versatile and tax-efficient way to save for the future, whether for yourself, your children or grandchildren. Now that we have entered the new financial year, on 6 April 2024, significant changes to ISAs have been introduced. Since 6 April, savers and investors have had a more flexible approach to…
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Finding an employer with a healthy attitude towards their employees shouldn’t be difficult. There’s a growing archive of studies showing that a valued workforce is more productive and loyal to inform those who are not philanthropic in nature that their staff ought to be a priority. And it is true at this time of low…
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