Category: Retirement

As we say RIP to RPI: Here’s How It Will Affect Pensions

Author: Jon Doyle January 14, 2021 In Blog, Investments, Personal Finance, Retirement
Chancellor Rishi Sunak announced in his Autumn Spending Review that the retail prices index (RPI) will be effectively abolished in 2030. While this is later than was previously assumed, his predecessor having pushed for a faster change, the implications are […]

Born after 1970? This little known Pension change could impact your plans.

Author: Jon Doyle December 9, 2020 In Blog, Personal Finance, Retirement
From 2028, you won’t be able to access your Personal Pension until the age of 57. The government’s decision could affect your retirement plans and it’s important to review what it means for your future.

Should You Take A Tax-Free Lump Sum From Your Pension?

Author: Jon Doyle December 2, 2020 In Blog, Investments, Personal Finance, Retirement
Your 55th birthday, rising to 57 in 2028, often marks being able to access your pension for the first time. The opportunity to take a 25% lump sum tax-free is certainly attractive and can be too tempting to resist. But it’s not a decision to take lightly and it isn’t the right move for everyone.

5 Things To Check Before Cashing In A Final Salary Pension

Author: Jon Doyle October 23, 2020 In Blog, Personal Finance, Retirement
If you’re fortunate enough to have a Final Salary pension, you have options for creating a retirement income that suits your goals. But, if you’re tempted to transfer out of a scheme, it’s essential you understand what you’d be giving […]

Does Market Volatility Affect Your Pension Choices?

Author: Jon Doyle October 16, 2020 In Blog, Investments, Personal Finance, Retirement
If you’re retiring this year, you may be worried about what the market volatility caused by Covid-19 means for your options. The good news is that Pension Freedoms, introduced in 2015, means you can choose how and when you access […]

What Should You Check When Reviewing Your Pension?

Author: Jon Doyle September 25, 2020 In Blog, Personal Finance, Retirement
Have you reviewed your pension lately? Even though we make regular contributions to pensions, it’s not often something we think about until retirement is approaching. However, keeping track of progress during our working lives is important too.

Pension Annual Allowance…. are you a winner or a loser?

Author: Jon Doyle September 23, 2020 In Blog, Dental, Medical, Personal Finance, Retirement
Over the few years nothing has quite caused as much of a headache in the Pensions world as the Pension Annual Allowance. NHS doctors were one of the highly affected groups – some started turning down additional work to avoid being caught by the charge. This put additional pressure on the NHS and the government had to take action.

5 Incredibly Effective Ways To Reduce Your Tax Liability In Retirement

Author: Jon Doyle August 5, 2020 In Blog, Personal Finance, Retirement
When you planning for retirement, there are a lot of financial decisions that need to be made as you start accessing the savings and investments you’ve built up. It’s natural to have lots of questions about your financial security at […]

We’re talking about the 100 Year life

Author: Jon Doyle July 30, 2020 In Blog, Investments, Personal Finance, Retirement, Will and Estate Planning
When you think about your lifestyle goals and financial planning, how far ahead do you look? It wasn’t so long ago that planning to reach 80 meant you could be sure of financial security throughout your life. But now, it’s […]

Getting flexible about time

Author: Jon Doyle July 22, 2020 In Blog, Personal Finance, Retirement
There is a temptation in retirement planning to focus on a single moment in time, one transition, the day you leave the office for last time, and become retired. To do this would be a mistake. Not only has there been a 68% increase in the number of self-employed people over the age of 50 in the past 10 years but there is also a 25% chance of a 66-year-old male living to age 92 rising to age 94 for a female. Consequently, people are generally working longer but more importantly, they are working flexibly and phasing their way into full retirement.