You have a steady income, you haven’t much debt, you control your spending and you don’t gamble. But are you still taking a huge risk? Becky Sugden, chartered financial planner at Gresham Wealth Management, reveals the invisible threat to your long-term financial security.
You've graduated! That's the hard part over with. Or is it only just beginning? The switch from higher education to the bottom of the career ladder can be a culture shock. Here are some tips to help you go from learner to earner.
Many people take out income protection or critical illness cover to safeguard their finances if they have to stop work due to illness. But a child’s serious illness can have an equally severe impact on your ability to work full-time. Would your insurance cover this too?
There’s no longer such a thing as ‘retirement age’ – you’re simply free to access most pensions from the age of 55. But what if you actually did want to retire at 55? We take a look at what you’d need to make that dream a reality.
A Parliamentary committee has proposed a ‘default investment pathway’ for people who don’t make active pension choices at retirement. But should the government being making it easier for people to ignore their most important retirement decisions?
A teenager wins a fortune with her first ever lottery scratch card, and must make a life-changing choice. But anyone saving up a pension pot may face a similarly big decision. What would YOU do?
Working as a contractor through your own limited company can be very rewarding, and not just financially. That said, it can sometimes be a bumpy ride. Carl Roberts, Chartered Financial Planner at RTS Financial Planning, looks at the main hazards and how to conquer them.
A potential scandal is brewing in the world of defined benefit pensions, which could see tens of thousands of pensioners asked to repay money received in error. There are suggestions that some individuals may be held liable for up to £50,000. Could this really happen, might you be affected – and what could you do about it?
Many people approaching retirement may be unwittingly naming an ex-spouse or ex-partner as their pension beneficiary upon their death. According to a Royal London study, out-of-date paperwork may put current partners at risk of missing out.
People who divorce may face an ongoing financial hit from it throughout their retirement, according to new research by Prudential. Younger divorcees and women especially are making potentially very costly mistakes by under-valuing their pensions.
For some time now the government has been promising an online ‘pensions dashboard’ that will let savers view and manage all their pension arrangements in one place. Meanwhile, private pension providers are competing to deliver a similar service to cover their own products. So who’ll win the battle of the dashboards?
If you have a large estate, or own more than one property, your family may lose a sizeable chunk of your legacy to inheritance tax. A financial adviser can help you minimise this loss – but how do they go about it? Alistair Fraser of Cockburn Lucas explains how he helped one client in this situation.
If you access your pension via a drawdown scheme, your provider may soon recommend an ‘upper limit’ on the income you take. The new measures are intended to protect pensioners against using up their savings too fast, as many are still in the dark as to the underlying risks of drawdown schemes.