Tag: retirement

Protecting nest eggs

In his 2014 Budget, Chancellor George Osborne announced a set of radical pension reforms, some of which are already in effect. Others are due to come into force in April 2015, having been confirmed in…

We all know that we need to save for tomorrow, but it’s difficult to do something about it today. Understandably, financial planning is something we tend to ignore or put off, until something serious happens…

ISAs – or Individual Savings Accounts to give them their full name – are a tax-efficient way of holding cash, shares, bonds and collective investments such as unit funds. The 2013/14 ISA allowance lets you…

The mortgage market is on the move again. Gross mortgage lending increased to £17.6bn in October 2013, an increase of 37% from £12.9bn in October 2012. This figure is the highest since October 2008, when…

There has always been a strong argument in favour of saving for retirement via a company or personal pension, mainly due to the substantial tax-relief that that pensions attract, especially for higher-rate tax payers. However,…

Workplace pensions law has changed. In the biggest pension revolution since wartime prime minister David Lloyd George introduced state pensions, millions of workers are being automatically enrolled into a workplace pension by their employer. Once…

When you retire, your pension does not, in itself, provide an income to support you. In fact you have to make some key decisions about how to convert your pension ‘pot’ into an income stream;…

You may have seen articles in the national press about how people in retirement who are ‘asset rich’ but ‘cash poor’ - i.e. they own a valuable property but have a relatively low income -…