Saving for retirement is something we all know we should do. However, not everyone in today’s economy feels that they are able to put anything into savings exclusively for retirement. Most people in the UK workforce today rely totally on their pensions to provide for their expenses in later life.A recent report estimatesthat only about 32% of women and around 35% of men have a … [Read more...] about What You Can Do Today to Prepare for Your Future Cost of Living
A new study, from peer-to-peer lending platform Lending Works, has revealed that almost a quarter of UK adults believe they’ll never retire. Pensions are, of course, currently under scrutiny and the Government is facing a black-hole – as we live longer, and spend more time living on a state pension, the cost of pensions is ballooning. The Government has … [Read more...] about Do You Think You’ll Never Retire?
If you’re eligible for a Pension in 2016, it can seem daunting with all the on-going changes and regulations around it, it is hard to know fully what you are entitled to and how it all works. Maxim Wealth Management have put together a blog post with the latest news and on-goings from the state pension to reduce your confusion and help advise you on everything you need to … [Read more...] about Everything you need to know about your pension in 2016
The important question of when to start saving for retirement is one that many of us ask ourselves, always hoping that we haven’t left it ‘too late’. In a confusing time where income and interest rates are often low yet government advice is that we should all be saving in ISAs and private pensions, many people are left in a quandary, unsure of when and how to go about saving … [Read more...] about Retirement: When Should You Start Saving?
Retirement is a time for you to enjoy in comfort, having worked your entire life you want to be able to sit back, relax and not worry about things like money. Of course, in order to make this a realistic goal, you’re going to need to put plenty of thought in throughout the years before. Some people will simply have their state and workplace pensions, but others, perhaps people … [Read more...] about Constructing a Retirement Plan: The Basics