Six questions to ask yourself for a secure financial future
Thinking about the perfect time to retire is a very individual decision. For some people the right time is determined by reaching a certain age, while others work towards reaching a certain amount of pension and savings as the trigger to move into the ‘golden years’. But whatever the prompt, planning your finances to be […]
What sort of retirement lifestyle will you be able to afford?
Inflation can affect your retirement savings depending on what you do with that money. Leaving your money in a bank account with low interest is a risk, as your money will not outgrow the rate of inflation. That’s why it’s important to have an understanding of how inflation could be impacting your retirement plans and […]
Taxing times – Time for a tax health check?
With the current tax year having begun on 6 April 2022, the clock is ticking and it is important to utilise all the tax reliefs and allowances available to you before 5 April 2023 in order to minimise any potential liabilities. Personal tax planning should be at the top of your agenda as the end […]
Chancellor retains State Pension triple lock
State Pension is set for a record-breaking increase from April 2023 If you’re currently receiving or have been looking into the State Pension, then you’ve probably heard of the ‘triple lock’. But what is it? The triple lock was introduced in 2010. Its purpose is to make sure that the State Pension doesn’t lose value […]
Deadline approaches for state pension NI top-ups
An extended government scheme which allows consumers to fill historic gaps in their National Insurance record, comes to an end in less than three months. Under normal rules, people can fill in gaps in their National Insurance record for a period of six years and after that point, the year becomes a permanent gap and […]
Give a gift with a difference this Christmas
The cost-of-living crisis is bringing financial matters into sharp focus. So with the festive season approaching, Fairstone independent financial adviser Rachel Storey looks at gifting your children or grandchildren something different this Christmas. The majority of parents want to give their children the best start in life and what better way than financially investing in […]
Gender pensions gap – Women’s pensions 50% of their male counterparts
Women left with half the pension pot, no matter the job. Fairstone chartered financial planner Sandra Corkhill discusses the gender pension gap and steps you can take to help reduce it. Being a volunteer for the PFS, I help to teach financial literacy in colleges and universities. Client case studies are used to teach good […]
Multiple Pension Pots? It May Be Time To Consider Consolidation
The employment landscape has evolved significantly over the last few decades and changing jobs multiple times before retirement is now very much the norm. Over time, it is easy to lose touch with pension savings providers as we change jobs, move home and the companies we have worked for change ownership or close down. All […]
Steps to build future income and fund the retirement you want
Deciding what to do with your pension is a big decision. And making the wrong decision could end up costing you dearly through either an unwanted tax bill or even worse, eventually running out of money in retirement! Likewise, avoiding making decisions could cost you a lot as well. Many people may be looking at […]
Lost pensions increased by £7bn in four years
Consumers are being advised to join a treasure hunt with a difference as latest figures show that the value of lost pensions pots has increased by £7bn in four years. The call from wealth management house Fairstone coincides with National Pension Tracing Day on October 30, which sheds the spotlight on the growing issue of […]