Personal finance

LTA

What to do if you hit your lifetime allowance (LTA)

As a nation, we are beginning to save more money for retirement. What with the government’s auto enrolment scheme, we are starting to put money into our pensions earlier than ever. But does this mean we are all running the risk of hitting our lifetime allowances? If so, what happens then? What is the current…
The Uk's attitude to Personal Debt

The UK’s attitude towards personal debt

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Debt. A word that we’re all familiar with. Most of us are likely to have some form of debt at least once in our lives. But a recent survey by KnowYourMoney has discovered millions of Brits are losing sleep over the four-letter word. What did the survey find out? In recent years, the level of…
Sequences of Returns Risk

Sequence of Returns Risk

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It might not sound like the most scintillating of topics, but understanding the impact that sequence of return risk can have on a Drawdown fund is important if you’re going to make the right decisions about your pension. To help explain it, we’d like to introduce Warren.  Lucky Warren retires at age 60. He has…
End of the tax year

What to do before the end of the tax year

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April will be here before we know it. And with it comes a new tax year. There’s just enough time between now and April 5th to take action to make sure your money is working as hard as possible for you. Here’s a handy checklist to work through: 1) Use up your ISA allowance An…
The importance of writing a will

Why is it important to have a will?

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We talk a lot about planning for your future. Whether we’re discussing pensions, highlighting the true cost of retirement or making sure you’re prepared for old age care. It’s an important thing to do. Today we are going to focus on another area: Why it’s important to have a will Writing a will is one…

Crowdfunding for funerals is on the rise

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It’s not something most of us like to think about. But we are all going to need a funeral one day. There is a worrying indication that, despite the inevitability of it, people are failing to plan how their funerals will be paid for. There has been a huge rise in the number of families…
True Cost of Retirement

What is the true cost of retirement?

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We spend all of our working life building up our pension pot. The question is; do we really know how much we need to save to fund our retirements? Last year investment managements firm, Schroders, carried out a survey of 22,000 investors over 30 countries. They wanted to discover more about the respondents’ expected finances…
Decumulation: Your Retirement Options

Decumulation: Your retirement options.

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As with a lot of things in finance, decumulation can be a bit complicated! At its most basic level, decumulation is the process of turning your pension savings into income to fund your retirement. Most people will have an idea of what they would like their retirement to look like. Whether you’re wanting to globe…
Milestones: Starting a Business

Milestones: Managing your finances when starting a new business

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There’s a definite sense that more and more individuals are shunning “real jobs” in favour of starting their own business. Whether your motivation is the need for a more flexible schedule, pursuing a dream, seeking a more balanced life, or disillusionment with the corporate world, you’re likely to be giving up a steady salary for…

What is a Care ISA?

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Growing old is inevitable. Planning for life after retirement is vital. As more of us are living for longer there is a good chance that you will need to factor in paying for your care in older age too. There is to be an estimated funding gap of £5.5billion in social care in 2020-2021. Which…
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