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One of the most important parts of retirement planning is to answer the question: “How much money do I need to retire?”. The answer to this question varies from person to person, as it largely depends on your current income and the lifestyle you want and expect to lead in retirement. Despite the introduction of
The stock market is beginning to show signs of life as measures introduced to help businesses amid the pandemic begin to take hold, but much is still uncertain. There’s no doubt that the pandemic has affected most people’s finances. From the Bank of England’s decision to reduce its rates, to the potential loss of earnings
The pandemic is having an impact on divorce rates, with lockdown causing a spike in the number of couples filing for divorce. According to recent figures from Co-op Legal Services, there has been a 42% rise in divorce inquiries between 23 March and mid-May, compared with the same period in 2019. Based on the latest
Rising house prices, poor wage growth and the increasing cost of education means younger generations face an uphill battle when it comes to their finances. Research shows that millennials are set to receive more money from relatives than ever before, and financial help from grandparents can make a real difference to younger people’s lives. “Grandparents
Retirement planning is one of the most important financial goals, and the stakes couldn’t be higher. For a successful and secure retirement, Granville Turner, Director at Company Formation Specialists, Turner Little, shares his five retirement planning mistakes to avoid: Don’t underestimate the value of a clear plan: Whilst retirement doesn’t necessarily mean stopping work completely,
Planning for your retirement can be a daunting, and often confusing experience, with people living longer than ever and pension pots needing to last for an average of 40 years. It’s never been more important to have a strategy in place that allows you to live out your retirement safe in the knowledge that you
Research has revealed that 27% of affluent individuals in the UK who are still working, believe they will have to put up with a lower standard of living when they are retired, with only 18% believing they will be better off. Following this, according to a survey by the National Employment Savings Trust (NEST), the
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