Work pressures

Work pressures

The greatest strains on physical and mental health

There is an increasing trend for people to work for longer and delay their retirement, with some staying in work out of financial necessity. But one of the primary concerns people have about working beyond their 50s is the impact this could have on their health, or whether any health concerns might prevent them from working.

Generation Still Taxed

Generation Still Taxed

Numbers nearly double in the last two decades

Finding the right vehicle for your retirement planning is essential, especially with so much choice on offer, frequent rule changes and distinct tax benefits to consider.

The number of taxpaying pensioners has nearly doubled over the last two decades – and with talk of pensioners also being required to pay National Insurance on any earnings or even pensions, the older population may start thinking of themselves as ‘Generation still taxed’.

Detailed figures

Looking to the future

Looking to the future

Taking the steps now to prepare yourself for retirement

With increasing numbers of people working past traditional retirement ages[1], stopping work can seem a long way off, especially for younger people. But it’s the dream of an early retirement that keeps many people going through the daily work grind.

Should I stay, or should I go now?

Should I stay, or should I go now?

Key aspects that influence retirement decisions

Whatever you want to do when you retire, the better prepared you are, the more rewarding it will be. It’s important to assess the key aspects that will influence your retirement, as the decisions you  make can have a real impact on your savings. There are some important considerations to think about.

Timing

Cash may not be king

Cash may not be king

Pension savers risk a significant tax bill

For most people over the age of 55, it is now possible to cash in or unlock all of your pension. How you take these benefits will depend on the type of scheme you have and how you want to take benefits. But concerns have been raised that some savers may risk running out of cash if they siphon too much out of their pension pots.

Seize the day – today

Seize the day – today

Make your vision a reality

Exactly how much you’ll need for a comfortable retirement will depend largely on your cost of living and lifestyle choices. For many people, retirement is about sun-soaked holidays, leisurely rounds of golf and that boat they’ve always coveted.

Averting a later-life financial crisis

Eyes wide shut

Eyes wide shut

Do you know the value of your pension savings?

With people living longer than ever before, we all need to save more. But because there’s always something more urgent to pay or save for, it’s something that many of us rarely think about.

Driving towards the next phase of your life

Retirement wealth

Retirement wealth

What’s the right answer for you?

The first increase in minimum automatic enrolment (ae) workplace pension contributions came into effect on 6 April[1]. According to research from Scottish widows, however, one in five Britons (20%) – amounting to more than ten million people – say they’ll work until they’re physically unable to, while one in 20 (6%) – another three million people – say they expect to work until they die.

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