Setting goals for retirement
Those who set tangible goals for the future could be £30,000 better off in retirement, according to new research. [Read more…] about How to boost your pension
Retirement
Who Will Care For You In Old Age?
Making provision in a way that meets your needs and wishes
AS A POPULATION WE ARE LIVING LONGER, AND WITH AN AGEING POPULATION THE NEED FOR CARE IS GROWING, WITH THE TIME SPENT IN CARE ALSO INCREASING. HOWEVER, A FIFTH OF THE UK (20%) HAVE NO IDEA WHO WILL LOOK AFTER THEM IF THEY HAVE CARE NEEDS IN OLD AGE, ACCORDING TO RESEARCH RELEASED FROM BUPA. NEARLY THREE QUARTERS (73%) THINK THEY WILL HAVE CARE NEEDS IN OLDER AGE, BUT ONLY AROUND HALF (51%) EXPECT THEIR FAMILY TO CARE FOR THEM. [Read more…] about Who Will Care For You In Old Age?
Pension Reforms: How the lifetime allowance reduction could impact on your retirement savings
How the lifetime allowance reduction could impact on your retirement savings
The Government has introduced comprehensive reforms to the pension rules over the previous few years. One important change, which may have been overlooked by some savers, is the reduction of the lifetime allowance that applies to pension savings. The lifetime allowance is the total amount you can hold within all your pensions without incurring an additional tax charge when you extract money from the pot. [Read more…] about Pension Reforms: How the lifetime allowance reduction could impact on your retirement savings