The start of a new year is a great time to review your finances – whether it’s your savings and investments, mortgages or insurance policies. Higher interest rates and the rapid increase in the cost of living are likely to be affecting many areas of your finances. The start of the year is the perfect [...]
In his 2021 Budget, the Chancellor announced a five-year freeze on the lifetime pension allowance. What does this mean for you and your retirement fund? What is the lifetime pension allowance? The lifetime pension allowance sets a limit on how much you can save in your pension before you start paying tax on anything over [...]
Workers who start contributing to their pension in their twenties are likely to save themselves hundreds of pounds a month in their thirties, analysis shows. A single person who wants to retire at 55 on a £13,000 annual income would need to save £496 a month from the age of 25, according to wealth manager [...]