Act now to Maximise your UK State Pension If you have gaps in your national insurance contributions, you can pay voluntary contributions to maximise your State Pension entitlement. You may be able to pay Class 2 contributions which are around 80% less expensive than Class 3 contributions, if you meet the following requirements: You have…
10 UK State Pension Mistakes People Make Despite the arrival of a new state pension, we still have the old one running alongside it, and the added complexity this brings. For many people, the state pension is the bedrock on which private pension provision is built. How to qualify, how much it will be and…
In a changing world, one of the areas where change is most evident is how we think of retirement. The traditional view of retirement is now an outdated concept with what retirement means being a very individual choice.
If you are coming up to retirement, consider these five factors that will help to organise your finances to meet your retirement goals.
It’s common practice to use government statistics when considering life expectancy. However, there is a danger in being led by averages and defaults. One approach to consider is to position the question in more relatable terms: ‘Might I live longer than expected and, if so, will my income last long enough?
Health issues aside, Covid-19 has wrecked the financial plans of many, probably you too. And if you dismiss this now, you could jeopardise your retirement plans irreversibly.
How will you fund your retirement? While the accepted wisdom is that we should be using our pensions to pay for our living costs in later life, the meteoric rise of house prices over the past few decades means that many people are turning to alternatives.
With a final salary pension, sometimes referred to as a Defined Benefit (DB) pension, your former employer will pay you a guaranteed fixed income from the day you retire until the day you die.
If you haven’t had an Audit of your UK pensions in the last 12 months, it is likely you would benefit from taking another look – why?
As we look on mainstream and social media, we see more and more articles, posts and adverts suggesting that your UK pension, if you have one, is in grave danger.