Do you spend more on your hair than your pension?

Posted by siteadmin on Monday 9th of October 2017

When it comes to keeping our tresses looking their best men spend £364 per year on cuts colour, shampoo, conditioner and styling products. Women spend more than double at £751 per year. With an average cut being £18.50 for men and £42.63 what can be done to save money on your new do?

Opt for a dry cut? – save on the cost of washing and drying
Check your options? - a senior stylist will cost more than a newly qualified or senior stylist
Go on a weekday? – Or try and get a cancellation gap. Some salons will offer a lower rate for those who can ...

The search for a reliable retirement income

Posted by siteadmin on Monday 24th of October 2016

The search for a reliable retirement income

 The April 2015 pensions changes scrapped compulsory annuities, giving pensioners greater choice over how to take their retirement income.

In principle, this historic change to UK pension legislation opened up a range of investment opportunities. With increased control of their pension, investors can seek to position their portfolios to deliver the income required, while retaining – and perhaps even growing – their invested capital.

Generating income in a low interest-rate environment

While the...

A year on from pension freedoms

Posted by siteadmin on Friday 15th of July 2016

n April 2015 the government introduced the most significant pension reforms for a generation.

The reforms give people who’ve worked and saved hard greater flexibility over how and when they access their pension savings and mean anyone reaching retirement age has been able to withdraw some, or all, of their pension (subject to tax on everything above the first 25% they take out).

Lamborghini sales unaffected

A year on and figures suggest over 230,000 people have accessed more than £4.3 billion from pension funds. The average withdrawal is ...

The pension gender gap

Posted by siteadmin on Saturday 6th of February 2016

AEGON’s latest annual retirement readiness survey highlights the challenges faced by homemakers when it comes to retirement and reinforces the importance of advice when it comes to financial planning.

The survey identifies homemakers as typically women, aged between 18 and 44, and are likely to be reliant on a partner or spouse for their income while they raise the children and keep the home.

Mind the gender gap

The role of women as homemakers impacts on their ability to earn, but even when they are in work, women are paid, on average, ar...

When Can I Retire?

Posted by siteadmin on Friday 9th of October 2015

“How much do I need for my retirement” is arguably one of the most serious questions facing a working-age adult. The answer ultimately depends on two questions. When do you want to retire and what kind of retirement do you want to have?

Planning Your Retirement

If you want to retire at 55 and spend the rest of your life cruising the world on your private yacht, you’re going to need a whole lot more money than if you want to retire at 75, downsize your house and spend the rest of your life writing, painting and gardening. Therefore step one...

Putting A Buy To Let Investment To Good Use

Posted by siteadmin on Tuesday 6th of October 2015

For many of us, financial uncertainty seems to be a key feature of life; saving and investing for the future in a time of low interest rates has become immensely challenging.

Many people who have accumulated savings, inherited money or wound up with a significant sum to invest, look instead to the buy to let property market in order provide for their futures.

In this blog post we will explore the best ways of ensuring that buy to let properties can provide for you and your family in retirement.

The golden years

In the decade between 1997...

Save Like The Young Ones

Posted by siteadmin on Friday 2nd of October 2015

Saving for a rainy day is what lets you buy an umbrella to keep you dry until the rain passes. Alternatively you may be saving with a specific goal in mind, for example to buy a house. Like many aspects of life, your saving needs and habits may change as time goes by.

If you are on the younger side, you may be looking at paying for your wedding, putting together a deposit on a house or planning for the costs of having children. If you are on the older side, then you may already have passed the bulk of life’s financial milestones. Instead yo...

Get To Grips With Your Pension Lifetime Allowance

Posted by siteadmin on Tuesday 15th of September 2015

As the song goes “I got bills, I gotta pay, so I'm gon' work, work, work every day.” At some point however, people may want or need to give up going to work every day. Even younger people need to think about how they will pay their bills if they are unable to work for any reason.

If you are intending to give up work permanently, it is absolutely crucial to plan ahead. One option is to save into a pension. If you choose this route, it is important to understand your annual and lifetime allowances. It's also important to be clear on what will...

10 Things To Do To Get Your Finances Ship Shape

Posted by siteadmin on Friday 14th of August 2015

As spring moves into summer, people can start to think about their physical shape and how good they look in their holiday clothes. How about also taking a few minutes to look at your financial shape? Making sure you’ve ticked off all the boxes in this 10-step check-list will help keep them looking good too.

  • Make a Will

If you have any assets at all and there is anybody in life you love more than the Inland Revenue, make a will. Even if you are young and single with no dependants, make a will. If you do die unexpectedly, it can make lif...

Tips For A Cautious Investor

Posted by siteadmin on Tuesday 28th of July 2015

With interest rates offering little to get savers excited, now may be a good time to look at other options.

If you are a first time investor, you may be feeling nervous about taking the plunge. That’s fine; there are a range of low risk investments to help you take your first steps into investing.

Here are some tips to get you started.

You’ll Still Need Some Cash (So Make It Work As Hard As It Can)

Having cash to hand acts as a buffer against life’s ups and downs. How much cash you need to keep depends on your situation. Some people like...