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
Before we begin any discussion, let us be quite clear – both property and pensions can deliver long-term growth, both can be used to fund retirement, and both can play an important role in savings. In the UK, property has long been seen as a good investment, with house prices beating inflation by 3% per
The bill for COVID is coming, make no mistake about it. Yet, in a clever game of political smoke and mirrors, Chancellor of the Exchequer Rishi Sunak served up some hope in the Budget, freezing personal and corporation tax bands rather than increasing tax rates as originally mooted. All seems to be well until you
The average age for a UK adult to become a parent is 29.8 years old. By this point, most people should have at least a basic understanding of how to look after their finances. They should be contributing to a pension. Some will be diligently saving into ISAs in the hope of becoming an “ISA
By the time you get to your 30’s, you are probably starting to realise where your career is going, and how things are going to pan out from a financial point of view. It’s a time where your parent’s words that you would never have as much money as you had in your 20’s suddenly has
The age that savers will be able to access their pensions will rise from 55 to 57 in 2028. The Government wants to delay the age savers can access their private pensions to keep it in line with the state pension age, which is also scheduled to rise to 67 in 2028. The logic behind
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