Pension recycling
Why it’s essential to consider your next steps and avoid falling foul of complex rules Every year, thousands of savers take advantage of pension freedom rules to withdraw tax-free lump sums from their pots. With speculation circulating before the Autumn Budget that these lump sums might be reduced or abolished, some savers are choosing to […]
Navigating investment risks in retirement
Financial challenges that could impact your income and lifestyle during your golden years Retirement signifies a fundamental shift from accumulating wealth to utilising it. After years of saving and investing, this new phase demands a different mindset, one focused on capital preservation, risk management, and sustainable income over many decades. Instead of pursuing maximum returns, […]
A third of UK adults have voluntarily increased pension contributions
Even small top-ups or one-off payments could accumulate to thousands in future retirement savings Nearly a third of adults in the UK are now contributing more than the minimum into their workplace pensions. Research shows that 31% of people have voluntarily increased their regular pension contributions, while one in ten have made additional one-off payments […]
How much do you need to retire comfortably in 2025?
Start planning now to secure your financial future If you hope to enjoy a comfortable retirement when you cease working, review your pension savings now, as the amount of money you may require could come as a shock. According to the latest data, a single person now needs a staggering £43,900 annually to sustain a […]
Why six in ten millennials are struggling to save for retirement
The financial balancing act millennials face Research indicates that the current life stage of millennials (those in their late 20s to early 40s) is significantly impacting their future retirement plans, as short-term financial priorities take precedence[1]. The study, which surveyed 4,000 UK adults, reveals that six in ten (59%) millennials are struggling to save for […]
Reassessing strategies to minimise Inheritance Tax liabilities
What crucial transformation is poised to reshape estate planning? Estate planning has always been pivotal in managing how wealth is passed on, but changes to pension rules from 6 April 2027 will reshape the landscape. Historically, pensions have served as both a source of retirement income and a tax-efficient tool for intergenerational wealth transfer.
Financial security remains a concern for retirees in the UK
Only 48% of mid-retirees are confident their private pension will last a lifetime A new report has revealed troubling insights into the financial confidence of retirees in the UK. Alarmingly, just under half (48%) of mid-retirees feel assured that their private pensions will sustain them throughout their lives. This leaves the remaining half grappling with […]
Growing trend among silver splitters
How property wealth enables a clean break for the over-50s Divorce among those over 50, often referred to as “silver splitters,” is on the rise. This trend introduces financial complexities that younger couples may not face, particularly regarding property wealth. Research indicates that one in 10 (11%) couples over the age of 50 rely on […]
Financial vulnerability post-divorce
The financial divide women face after separation Women’s incomes are often reduced by half following a divorce, leaving them financially vulnerable. New research indicates that 24% of women struggle to make ends meet, compared to just 16% of men. Nearly one in five (19%) find it challenging to cover essential expenses, a figure nearly double […]
Beyond the excitement of wedding bells
Why financial and legal matters matter before ‘I do’ Weddings are undeniably exciting occasions. They signify the union of two lives, the celebration of love surrounded by family and friends, and the symbolic beginning of a shared future. Nevertheless, alongside the romance and joy, weddings are also well-known for two other aspects: significant expenses and […]