retirement

How Much Income Will I Need in Retirement?

January 26, 2015 by TIna

Category: pensions & retirement & Uncategorized

Everyone’s idea of what income is needed to provide you with an ‘acceptable standard of living’ in retirement is different. In addition, no estimate remains the same for long as prices and the cost of living change year-on-year. However here, drawing upon published material from Standard Life and the Joseph Rowntree Foundation (JRF), we look at some estimates and invite you to look at how your hopes and expectations for quality ‘Golden Years’ in your retirement, stack up.

The New Pensioner Bonds

January 23, 2015 by TIna

Category: retirement & savings & Uncategorized

The Pensioner Bonds were a Budget promise from the Chancellor, following lobbying from charities. They argued that pensioners who had relied on the income generated from their life savings were particularly hard hit by more than five years of record low interest rates. The one-year bond will pay an annual interest rate of 2.8%, and the three-year bonds will pay 4%.

Tax Year End Approaches: 5 Things to do Before April

January 13, 2015 by TIna

Category: Investments & isas & retirement & savings & Uncategorized

The 5th April might seem a little way off yet, but the end of the tax year always seems to arrive faster than we think! For financial planning, the end of the tax year is important for a variety of reasons and so, before we hit the deadline, put some thought into the following five tips and maximise your saving opportunities before they disappear for good!

New ‘Pensioner Bonds’ ready for January launch

January 04, 2015 by TIna

Category: retirement & savings & Uncategorized

Originally announced during The Chancellor’s Budget speech in March 2014, January 2015 will finally see the launch of the new so-called ‘pensioner bonds’. The rates for the bonds, announced only recently, will see them leading the bond marketplace, with the one-year bond offering 2.80% gross/AER and the three-year bond promising 4.00% gross/AER.

Gender gap in pension savings narrow, as women benefit from Workplace Pension changes

January 03, 2015 by TIna

Category: retirement & Uncategorized

The number of women saving adequately for retirement has shifted from a record low to a four-year high in the last 12 months, according to Scottish Widows’ annual Women and Retirement Report. Half of the UK female population is now preparing adequately – the first increase recorded since 2011 – a leap of 10 percentage points from 40 to 50 in the past year following the significant changes in pensions regulations such as the introduction of automatic enrolment.

Report reveals vast disparity between the sexes retirement finances

December 08, 2014 by TIna

Category: pensions & retirement & Uncategorized

Recent research from MGM Advantage, the retirement income specialist, reveals alarming disparities between the retirement finances of men and women. Although, on average, people in retirement feel that they need an additional £130 per week on top of their current income to be financially comfortable, women’s financial position in retirement is already more austere than that of men and their outlook seems to be much more prudent.

How Much Income Will I Need in Retirement?

The New Pensioner Bonds

Tax Year End Approaches: 5 Things to do Before April

New ‘Pensioner Bonds’ ready for January launch

Gender gap in pension savings narrow, as women benefit from Workplace Pension changes

Report reveals vast disparity between the sexes retirement finances

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