Category: News

Successive cuts to the Lifetime Allowance (LTA) and a freeze means that more people than ever could face an unexpected tax bill when they access their pension. The LTA is the total amount a person can build up in pension benefits without incurring tax charges. Since it was introduced in the 2006/07 tax year, there

When planning for your retirement, have you considered if you’ll be providing financial support to loved ones? A survey conducted by Key suggests that a third of new retirees are providing vital cash injections to children, grandchildren, or other family members. If it’s something you’ve not considered, you could face a shortfall. On average, retirees

Financial protection is an important part of creating long-term security. Yet, it’s something that many people overlook. Appropriate financial protection can provide you or your family with an income or lump sum when you need it most. It can create a valuable safety net and help ensure you’re still able to meet financial commitments if

For many people, travelling abroad has been put on hold for the last two years. As pandemic restrictions continue to lift around the world, you may be planning a city break to explore a new culture and escape. Keep in mind that Covid-19 rules vary around the world. You should check what restrictions are in

This summer the Queen will celebrate an incredible 70 years on the throne. Since her reign began in 1952, the world has changed a lot – who in the 1950s would’ve thought it’d be normal to carry a computer in your pocket that lets you make calls, access the internet, and a whole lot more?

Investment funds often make up an important part of an investment portfolio and overall financial plan. If you’re not sure how they work or why they can complement your goals, find out here. When you think of investing, you may imagine investing in individual companies through purchasing stocks or shares. While this is possible and

As part of a long-term plan, you may be thinking about whether you could need some form of care later in life. While you may hope to rely on your family to provide the support you need, you should still consider how you’d pay for care services if you need to. According to charity Carers

Do you have a Lasting Power of Attorney (LPA) in place? If you don’t, it could leave you in a vulnerable position if you’re unable to make decisions for yourself, such as after an accident or illness. Losing the mental capacity or ability to make decisions for yourself is something no one likes to think

Figures suggest that workers nearing retirement could find they’re facing a significant income shortfall later in life. Understanding how your pension savings will add up before you retire is crucial for creating long-term financial wellbeing. According to a report from the Social Market Foundation, people approaching retirement are facing a pension shortfall of almost £250,000

The conflict in Ukraine is continuing to affect markets and economies around the world. According to a report from the Kiel Institute of the World Economy, the war led to global trade falling 2.8% between February and March. The effect has led to the International Monetary Fund (IMF) downgrading its global growth forecast too. In