Year: 2020

Investing during retirement

Investing during retirement

Why it’s important not to view your portfolio with an element of finality Retirement is a major accomplishment for most people. You’ve worked hard all of your working life to save and prepare for your retirement, and now you’ve finally retired. So how should you approach investing now that you’re no longer earning a salary? When it comes to investing during retirement, with the right strategy, you can help make sure your retirement savings last. …

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Planning to leave a family legacy?

Planning to leave a family legacy?

Impact of coronavirus (COVID-19) on Will making We are living in extraordinary times right now, in the grip of a global coronavirus (COVID-19) pandemic. Many people are concerned to ensure that their affairs are in order and that they have made a Will, which is one of the most important legal documents you can create in life. It is always sensible to have a valid Will in place to ensure that your estate is divided …

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Delaying retirement

Delaying retirement

Pandemic forcing a widespread rethink of retirement plans The coronavirus (COVID-19) pandemic crisis has thrown some of the nation’s retirement plans up in the air. As a result, a number of people over 50 and in work are set to delay their retirement (15%) by an average of three years, or keep working indefinitely (26%) as a direct result of COVID-19, according to new research[1]. The pandemic is forcing a widespread rethink of retirement plans. …

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Rewritten retirement rules

Rewritten retirement rules

Looking to discover what you can do with your pension pot? In 2015, the retirement rules were rewritten. The rules, which came into effect from 6 April 2015, have changed the way people take money out of their pensions, with new freedoms and options available to anyone over the age of 55. Pension freedom tax rules allow members of defined contribution pension schemes to access their pension savings early, provided they have reached the required …

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Take it to the max

Take it to the max

How to make the most of the various pension allowances Saving into a pension is one of the most tax-efficient ways to save for your retirement. Not only do pensions enable you to grow your retirement savings largely free of tax, but they also provide tax relief on the contributions you make. There are various pension allowances that you need to be aware of and understand how to make the most of. These limit the …

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Help to Buy scheme

Help to Buy scheme

Homes deadline extended to ensure customers do not miss out Thousands of families can still benefit from the current Help to Buy scheme despite delays in building their new homes due to coronavirus. The deadline for the homes to have been finished in order to comply with the equity loan scheme has been extended to ensure customers do not miss out if there has been a delay in construction due to the pandemic. During lockdown, …

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No-desire to retire generation

No-desire to retire generation

Why working and retirement are no longer binary terms Giving up the 9-to-5 doesn’t necessarily mean stopping work. Many people are now considering staggered or flexible working. It can suit some individuals who have caring responsibilities or health issues, or those thinking about retiring in the next few years. When you picture yourself in your golden years, are you sitting on a beach, hitting the golf course or working behind a desk? For many people …

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10 tips to achieving your financial goals

10 tips to achieving your financial goals

Time to diagnose your money situation with a financial health check? Even if you have a solid financial plan in place, it still needs to be updated regularly to ensure it reflects any life changes. But what should your priorities focus on now? Is it time to turn your attention to your pension, your ISA, your mortgage, or something else? Should you be thinking about investing more for your children’s education or putting an estate …

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Setting up a new life

Setting up a new life

One of the freedoms of retirement is getting to choose where to live What makes a good place to retire? It’s one of the most basic questions people ask themselves when they start planning for retirement. It’s also one of the most crucial questions and one that, surprisingly, many people don’t give a lot of thought to. If there was one perfect spot to match the needs of every retiree, deciding where to retire would …

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Divest or engage?

Divest or engage?

ESG matters are increasingly important in both retirement and investment planning Environmental, social and corporate governance issues are increasingly in the news, with some high-profile companies facing public scrutiny, corporate action or litigation. In a world where doing good means a better, more sustainable future, environmental, social and governance (ESG) factors have become an essential measure for sustainability and ethics of a business. Pension schemes are an important part of the investment chain, and according …

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