While the State Pension may not be your main source of income in retirement, it’s often an important one. If you’re not on track to receive the full amount, there might be things you could do to boost it. For 2023/24, the full new State Pension is £203.85 a week, adding up to around £10,600 a year. However, your National …
A combination of frozen tax thresholds and rising inflation mean an increasing number of retirees need to consider tax. Read on to find out what you need to know about Income Tax in retirement and how you could manage your tax liability. According to the Independent, in 2023/24, 8.5 million over-65s are paying Income Tax – that’s around a 10% …
Investing in property and securing the right mortgage arrangement can be a significant and, at times, complex commitment in achieving your financial goals. Corporations, individuals, and first-time buyers alike can encounter challenges in navigating the property market, property financing options, and mortgage planning. To make well-informed decisions and find the optimal solutions tailored to your unique needs, expert guidance is …
As life expectancies continue to rise and the cost of living increases, planning for retirement through effective pension schemes has become more crucial than ever. Pensions are the cornerstone of financial stability in retirement. Ensuring a steady income flow that allows you to maintain your desired lifestyle and achieve long-term financial wellbeing. TPD Wealth Management, a Stockport-based financial planning firm …
The UK investment market has experienced a rollercoaster ride in recent years, marked by challenges such as political upheaval, Brexit uncertainty, and the ongoing global pandemic. These factors have inevitably increased market volatility and potential risks and opportunities for investors. In this rapidly evolving landscape, staying informed and abreast of the latest updates is essential to make sound investment decisions, …
Retirement – a well-deserved period of relaxation and fulfilment after a lifetime of hard work and responsibility – is a vital milestone in an individual’s financial journey. However, achieving a comfortable retirement requires careful planning, strategic decision-making, and consistent progress monitoring to ensure long-term financial well-being. As life expectancies increase and retirement periods extend, the significance of a well-crafted, personalised …
In today’s fast-paced and increasingly digital world, investment scams have become distressingly common, targeting individuals of all ages and backgrounds. However, a recent study by the Financial Conduct Authority (FCA) has found that a staggering 26% of investment scam victims are under the age of 30, reflecting a concerning trend of young people falling prey to opportunistic fraudsters. This alarming …
Data from economies around the world indicate business output and confidence could be slowing. Read on to find out what influenced the investment market in July 2023. Despite some data suggesting there could be a downturn in some areas, the International Monetary Fund (IMF) has lifted its global growth forecast for 2023. The organisation now expects the global economy to …
Participants of a trial in England are set to receive an income every month without having to work. It’s the first time universal basic income (UBI) will be provided in England, and advocates argue it could be the future. The idea of providing citizens with UBI has been slowly gaining traction in the last couple of decades. Read on to …
Applying for a mortgage can be stressful. You might worry a lender will reject your application and the effect it could have on your plans. A better understanding of what lenders are considering when making a decision may be useful and could reduce anxiety. Even if you’ve been through the mortgage process before, rising interest rates could mean you feel …
