How to boost your retirement income

We are all living longer and so it’s becoming more important than ever to make your retirement income go further. Here are some tips how to boost your income.

Minimise your tax bill

How you draw benefits from a pension can affect the amount of tax you pay, so it’s important to consider how you make any withdrawals.

October Market Commentary

Introduction Well, we’re still here. Despite the seemingly best efforts of the leaders of the United States and North Korea – the world is still turning. But September was a month of ‘another day, another North Korean rocket flying over Japan’ and it ended with Kim Jong-un threatening to explode a nuclear bomb over the…

The curse of long-term cash!

There is nothing wrong with holding wealth in the form of cash on a short-term basis. For many people capital stability is important and access to ready cash is part of prudent financial planning. But when short-term holdings of cash turn into a long-term investment we should be seriously concerned.

Large holdings of cash are vulnerable to bouts of unexpected inflation, like the 1970s, or long periods with interest rates well below the rate of inflation – like today.  

The Junior SIPP – a tax effective investment for your child

If you’re looking for a way to save on behalf of your children, it’s likely that you’ll think of opening either a children’s savings account or a junior individual savings account, usually known as a Junior ISA or JISA. Whilst these can offer competitive rates, as well as being opened in your child’s name, there…

September Market Commentary

Introduction It is hard to start this commentary anywhere other than North Korea – or maybe crouching in Japan as a North Korean missile passes overhead. At the beginning of the month, Kim Jong-un threatened to bomb Guam, the US territory in the Western Pacific, and by the end of the month air raid sirens…

Update on state pensions: essential reading for the under 50s

Recent changes announced by the government to the state pension will result in nearly six million people currently in their forties having to wait longer until they can retire. It’s a development which has raised concerns over the dependability of the state pension, which for many makes up the lion’s share of their retirement income…

Raising retirement age will not fill the ‘black hole’

Recent figures have suggested that the government will be forced to cut back on healthcare spending, raise taxes or increase borrowing to care for the UK’s ageing population, even if the retirement age was immediately raised to 75. An economic study has found that population growth slowing and the increase in cost for healthcare are…

How long would your savings last?

A recent survey has found that the typical working person in the UK has around a month’s worth of savings to be able to maintain their current lifestyle should their income stop without warning. The data collected from 2,000 people found that the average person’s savings would support them for 32 days. More worryingly, 26%…

How much should you really be saving for retirement?

Retirement should be the time in your life where you’re able to relax and enjoy the fruits of your labour throughout your working life. However, simply paying into your savings or a pension for when you retire might not allow you to do this if you’re not putting enough away. But what does “enough” look…

August Market Commentary

Introduction July got off to the best possible start when Janet Yellen, Chair of the US Federal Reserve, announced that there would be no more financial crises “in our lifetime.” Speaking on a trip to London, she said that the reforms of the banking system since the 2007 to 2009 crash had “minimised the risk…