Later life is meant to be a time of relaxation and enjoyment, but living on a fixed income can sometimes make that challenging. However, with some careful planning and creativity, older people can live happily without spending much money. Here are some practical ways to save while still enjoying life to the fullest. 1. Cutting […]
As we age it can be hard to find a purpose in life. This means that boredom and lethargy can set in, which can have drastic effects on older people. Boredom can lead to depression and social isolation which in turn can affect all aspects of physical health. This is why it’s important for older […]
When you are coming up to retirement it is only natural that you will start to consider not only the change in your day to day life but also the change in your income and how this might affect you. For this reason many people think about the option to downsize their homes when they retire. Lets […]
Having a say in the type of care you receive in old age usually requires having the funds available to choose the most appropriate type of care for you. No one knows what the future will hold but one thing we can be sure is that if you have funds available you maximise your options. […]
When it comes to building a pension pot which can properly last you the main rule is, that the sooner you start the better. Starting your retirement pot as early as possible will give you the best chance of riding out the ups and downs of the pensions market. It will then ensure that you […]
Whether you are currently working or have worked in the past, one thing you will have seen on your payslip will have been National Insurance Contributions of NIC’s for short. They are a deduction that you pay from the age of 16 until the time that you reach State Pension age for as long as you are […]
The finance and pension markets are currently volatile, and most banks currently refuse to pass on interest rate rises to loyal customers. It is, therefore, unsurprising that people are thinking of turning to the investments market. They do so to try and make the most of their money and potentially boost their retirement. It has […]
Whether you’ve been offered an annuity or you’ve heard the word mentioned and would like to know more about whether one would be right for you, this basic explanation may help you decide. What is an annuity? An annuity is a written agreement between you and an insurance provider that allows you to accumulate funds […]
Whilst you may currently be saving for a pension or even have more than one pension, you could be considering the possibility of combining them. If, over the years, you have accumulated more than one pension from different jobs, it can prove difficult in keeping track of them and their performance. When looking at combining […]
Whilst you may not have even thought about a pension, let alone started saving for one, fear not, there’s still plenty of time. No-one knows what the future will hold but what we do know is, if you have sufficient funds available then your options for the future will be open-ended. Life in your 30’s […]