Consolidating Pensions

Workers nowadays have, on average, 11 jobs during their working lives.  So, it is not uncommon to have built up numerous pensions, which are easy to lose track of overtime. Some might be “Defined Benefit”, also known as Final Salary schemes, which promise a certain level of pension from retirement age, while others – increasingly…

Longevity Risk

One of the most fundamental risks in retirement is longevity, the risk of running out of money before running out of life.  Whilst there are a lot of benefits to living a long time, longevity undoubtedly increases financial risk.   So just how long will your retirement plan need to generate income?  Most people underestimate their life expectancy, often significantly.  A man who is 65 years…

ISA Allowance 2020/2021

Individual Savings Accounts (ISAs) offer the opportunity to invest up to £20,000 annually.  ISAs are a tax-efficient way of investing, with no liability to either Income Tax or Capital Gains Tax on the invested funds. Unlike pension allowances, the ISA allowance cannot be reclaimed from previous years.  Therefore, if you are intending to utilise this…