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Category: Market commentary & Uncategorized
The great thing about writing this bulletin is that you make a note of something which looks hugely significant around the middle of the month and then something else comes along which makes it pale into insignificance. In this case the âhugely significantâ event was the fall in UK inflation â what came along was the Greek election result and victory for Syriza, the far-left coalition under Alexis Tsipras.
Category: pensions & retirement & savings & Uncategorized
The new pension rules, coming into effect this April, will enable those over 55 to take as much money as they like out of their Defined Contribution (DC) schemes, at lower tax rates.
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Category: retirement & Uncategorized
The answer very simply is that the State Pension alone is not enough! For most of us, the State Pension is the valuable foundation which underpins our retirement income. On its own, according to most cost of living figures, the state pension alone does not adequately provide for a reasonable standard of living in retirement. In fact, living on the basic state pension income alone would be defined by most measures as âliving in povertyâ.
Category: pensions & retirement & Uncategorized
Everyoneâs idea of what income is needed to provide you with an âacceptable standard of livingâ 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 âGolden Yearsâ in your retirement, stack up.
Category: savings & Uncategorized
For those of us with savings placed away in cash, it is not a great time for high interest returns. Most deposit accounts currently pay a very small rate of interest but there are still ways to build a savings nest egg and get a worthwhile return on your money.
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%.
