Legacy planning holds different meanings for different individuals. For some, it is about ensuring their loved ones are financially secure; for others, it involves safeguarding cherished possessions or supporting charitable causes. Central to this process is drafting a Will, a pivotal legal document that allows you to dictate the distribution of your money, property and possessions after your death.
Understanding your workplace pension options to navigate your next steps confidently
Redundancy can be challenging and stressful, often creating uncertainty about the future. However, it can also signal the beginning of a positive new chapter in your life. For many, this transition period offers a unique opportunity to reflect on personal and professional goals and consider new directions that might have previously seemed unattainable.
Essential key considerations and potential pitfalls you need to know
With interest rates much higher than they’ve been for many years, using your pension tax-free lump sum to pay off your mortgage might initially seem prudent. Reducing your monthly outgoings can be appealing, particularly if you’re approaching retirement and looking to streamline your financial commitments.
Why UK retirees are working seven years longer than planned
More than half (54%) of UK retirees foresee themselves working beyond their preferred retirement age, extending their careers by an average of seven years, according to a new report[1]. This concerning trend highlights a significant gap between the age at which people wish to retire and the financial realities dictated by their pension savings.
Becoming a UK expat can mark the start of an exciting chapter, but what about your pension?
In recent years, the rise in remote work, significantly accelerated by the global pandemic, has given many individuals the flexibility to work from virtually anywhere. Coupled with a mounting cost of living crisis, this newfound freedom has led many people to contemplate the prospect of moving abroad.
HMRC estimates that affected women could be owed an average of £5,000 each
Thousands of mothers who have missed out on their full State Pension entitlement due to calculation errors have begun receiving letters from HM Revenue & Customs (HMRC) to address this oversight.
Uncomfortable reality that we can’t predict what’s just around the corner
Life is unpredictable. We all acknowledge this truth but often push it to the back of our minds. Discussing unforeseen events is always challenging because it forces us to confront the uncomfortable reality that we can’t predict what’s just around the corner. However, preparing for the unexpected is crucial to maintaining financial stability and achieving long-term goals.
Investing comes with its share of risks, which can sometimes lead to partial or total loss of your savings. Assessing your financial situation and establishing safeguards before embarking on an investment journey is essential.
Enhance the financial security and efficiency of the payout for your beneficiaries
Navigating the complexities of financial planning can be daunting, yet ensuring your loved ones are financially secure is a priority that must be considered. One strategic approach to achieving this is writing your life insurance policy in an appropriate Trust.
In today’s unpredictable world, securing peace of mind through life insurance is a thoughtful and essential step. It provides a safety net for you and your loved ones, ensuring that financial protection is in place should the unexpected occur.
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