Have you ever thought about writing a letter to yourself to describe your ideal future life, long-term life goals and the process of how to plan for them? Imagining what you want your life to be like in the long term when you retire can...
When do you plan to retire? Saving for your retirement is a lifelong undertaking – and if you want to enjoy a comfortable retirement, you can’t start planning soon enough. The more you contribute to a pension now, the better chance you’ll have of that...
There’s a fundamental lack of awareness and understanding around Inheritance Tax, especially when it comes to how Individual Savings Accounts (ISAs) are treated after death. Given that some people have been able to amass over a million pounds in their ISAs, it’s an area where...
When you are at the point of retiring, the new pension freedoms have opened up all sorts of alternative strategies to taking your pension benefits. The very concept of retirement is changing. ‘Phased retirement’ is becoming more common. The way we access our pension is now...
Income drawdown is a way of using your pension pot to provide you with a regular retirement income by reinvesting it in funds specifically designed and managed for this purpose. The income you receive will vary depending on the fund’s performance. However, worryingly a third of...
Many Brits are lacking a financial safety net to protect them from income shocks. It means they could be putting their home, possessions and lifestyle on the line, research suggests. Family finances are stretched, and many are choosing not to put money away for a rainy...
Applying for a mortgage can seem like a complicated process. However, it’s a necessary task; it’s the only way most people are going to be able to buy a house. Understanding what you can borrow can give you the confidence to start house hunting. With hard...
If you feel as though your finances are under pressure as you support both children and elderly parents, you’re likely to be part of the ‘Sandwich Generation’. Research has found that many of those aged between 40 and 60 are struggling with financial responsibilities. Despite being...
Investors are increasingly investing their money with sustainability concerns in mind, figures show. As October marks Good Money Week, we take a closer look at what ethical investing is and how the market’s growing. It’s predicted that the UK’s ethical investment market will grow by 173%...
Investing can seem like a daunting process. But getting to grips with investing can lead to greater financial security and growth. Whether you’re investing for the first time or expanding your portfolio, it’s important to understand how your objectives and situation should influence your decisions. Asking...
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