Do you have a Pension Pot of £260,000? You may face falling living standards in retirement if you don’t
Royal London has recently published a report showing that to maintain a good standard of living in retirement you need a pension pot of £260,000. Together with the state pension, this would give you a pension of £28,000 per year, the UK’s current average wage. This is based on a scenario with no mortgage. If […]
Will the New South African Tax Bracket Impact your Wealth Management Plans?
Following the recent South African budget address given by Finance Minister Pravin Gordhan, it is clear that higher earners will be affected. The new tax laws which come into effect on the 1st March 2017, see a 45% tax bracket introduced if you earn more than R 1,500 001. This will push up your personal […]
To Top-up your National Insurance Contributions or not to Top-up National Insurance Contributions that is the Question
With the new state pension dependent on the amount of years you have paid National Insurance (NI) contributions, the question that is increasingly asked is “should I top my NI contributions to increase my state pensions?” With this in mind the aim of this post is to help you answer that question. Before we do […]
WASPI Take Objection to Planned State Pension Change for Women
Women Against State Pension Inequality (WASPI) has taken objection to proposed state pension changes for women. The thrust of their argument is that the changes are happening too fast, and which is unfair on women born after 1951. A WASPI spokesperson said that government “must make fair transitional arrangements for all women born on or […]
Nearly One in Seven Retirees will rely on State Pension for Income in 2015
Use an Award Winning Financial Planner for a Better Retirement According to work from Prudential, almost one in seven retirees this year will rely on the state pension for income. The current state pension of £115.95 per week and only generates an annual income of £6,000. This is £3,500 short of the Joseph Rowntree Foundation’s […]