More people choosing semi-retirement
More people are choosing semi-retirement for a variety of reasons. Two in five over-55s plan to gradually phase out working life before State Pension age. Semi-retirement is an option to consider for individuals who may not be ready to fully retire, but still wish to reduce their work hours and gradually phase out working life. By choosing to semi-retire, you…
Early bird investors
Does the early bird get the ISA worm? If you’re an investor looking to maximise your Individual Savings Accounts (ISA) returns, it’s worth considering investing your ISA allowance as soon as possible each year, as soon as it becomes available on 6 April. Not only will this help ensure that your money is protected from taxes right off the bat,…
Ready to start investing for your grandchild’s future?
Future wealth Investing in the future of your grandchildren is a great way to help them prepare for their financial needs in life. By setting aside money now, you can provide them with added security and increased opportunities in the years to come. Investing for grandchildren can be used to help fund college tuition, make a down payment on their…
Insurance that works while you can’t
2.5 million Britons lose at least £23,126 a year due to long-term illness. Losing your job due to an illness or injury could have serious financial consequences for you and your family. Rent, mortgage payments and other living costs may no longer be covered, leading to a lifestyle that’s difficult to maintain. New data has revealed the true cost of…
Is it time to retire?
Planning your finances to be sustainable for the long term is key. There are signs and targets that can signal that you are prepared to retire, but it can be difficult to figure out when you are truly ready to retire. We may think of retirement as being centred around a particular age or monetary amount. When we get to…
What is cost averaging?
Cost averaging your investments Reducing the risk of investing in volatile markets Cost averaging, or pound cost averaging, is an investment approach that involves dividing up the total amount to be invested into equal amounts and investing these at regular intervals over a period of time. This strategy has become increasingly popular due to its ability to reduce the risk…
How do you make the right preparations for future generations?
Wealth succession Financial planning can be a daunting and uncomfortable conversation for many, but thankfully attitudes towards talking about money are changing. Wealth succession should be an integral part of your financial plan as early as possible – because the right preparation now can have positive long-term impacts on future generations. Despite the uncertain economic climate, families are doing their…
How professional financial advice benefits both you and your family
Goals don’t just happen, you have to plan for them When it comes to managing your finances, the wealth of resources now available can make it easy to try and go it alone. However, obtaining the right advice from a qualified professional financial adviser will ensure you are able to plan ahead by including expectations for items such as inflation,…
Is it time to get your retirement plans in motion?
Three in five Britons feel stressed about later life planning It’s only natural, in a world where most people are worried about things that are beyond their control – the rising cost of living, increasing inflation and interest rates that haven’t been seen for years – that you may also feel out of your depth when it comes to things…
Should I discuss Wills and Trusts with my family?
Time to talk Discussing Wills and trusts with adult children or dependents Wealth transfer has become an important issue for many families today. Individuals with assets of any size should prepare for their eventual transfer whilst making provision for any tax or legal consequences. But more than half of parents (57%) haven’t spoken to their adult children about their Will,…