The Impact of The Lifetime Allowance

The Spring Budget announced that the Pension Life Time Allowance (LTA) would be frozen until at least April 2026 at £1,073,100.  Previously, the LTA increased at the target rate of 2.5% however last year due to the low inflationary environment, it only went up by 0.5%. A prolonged period with no inflationary increases will mean

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No desire to retire generation

Retirement might mean stopping the 9-to-5, but it does not have to mean giving up on work these days.  With many people gaining the taste for flexible working during the pandemic, the freedom to work how and when you like suits those who may have caring responsibilities or even health issues, whilst giving those considering

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Financial Planning in your 60’s

By the time you reach your 60s, you should already have covered the basics of financial planning: ISAs, Pensions, Wills and even Trust planning.  So, what are the next steps as you move towards the end of your working life and into retirement? For many people, actioning their financial plan can be a mentally difficult

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Lasting Power of Attorneys

Lasting Powers of Attorney (LPAs) allow you to appoint an individual to act as your legal representative in the event of declining mental health or injury. Whilst LPAs are vitally important documents and critical to your financial planning, it is estimated that less than 1% of the British public have one.  In contrast, 40% of

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Don’t rely on your assets if things go wrong

“Asset rich, but cash poor” – it is a problem that many face in retirement.  But exactly what does it mean?  Assets are wealth that you own, whereas cash is money that can be spent without selling anything first.  The last part of that definition is crucial and the reason why many people suffer a decrease in their standard of living when moving

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How much do I need for a comfortable retirement?

On average, in retirement, most households spend around £2,110 per month.  Many people overestimate how much they will need in retirement by assuming they will spend the same as they currently earn. This is because they fail to appreciate the reduction in expenses that comes as you get older.  The mortgage is often nearly paid,

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Foresight has it’s very own star!

We are very proud to announce that Ben Dyson, one of our Wealth Strategists, has become the Personal Finance Society’s youngest fellowship graduate in 2020. The Personal Finance Society is part of the Chartered Insurance Institute, the most prestigious recognised body for financial services professionals and Ben’s achievements place him right at the top of

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An Article of Little Interest

National Savings and Investments (NS&I) announced at the end of September that they would be drastically cutting their interest rates to as low as 0.01% per annum. This has left many cash savers scrambling to the private banks still offering accounts rates above 1%.  However, with the river of new money in the form of

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Investment Update – September 2020

Around the world, economies have re-opened with a degree of reservation. However, since August many countries have faced a resurgence in coronavirus cases, prompting concerns that a ‘second wave’ is already underway.  Several European countries have witnessed a spike in coronavirus cases including France, Spain, Belgium, and Luxembourg.  Even once ‘safe’ countries such as Denmark & Iceland have been

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