Money Minder UK

Recent News

Will I have enough money through retirement?

Will I have enough money through retirement?

Tuesday, 12 November 2019 -

              Mismatch between retirement expectations and actual reality

          Retirement is a chance to do more of what you enjoy. When it comes to planning for your retirement, you need to think about what you’d like your life to be like. There is no set retirement age in the UK any longer, so you can carry on working as long as you like (or as long as you need to).

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Lasting the distance

Lasting the distance

Thursday, 07 November 2019 -

              The early retirement dream lives on, but at what cost?

   Whether you choose or need early retirement, having a plan can give your money the best chance of lasting the distance. Whether lifestyle preferences or circumstances beyond your control are behind your decision to retire early, you’ll need to make a plan to help your retirement savings last, while still enjoying your favourite comforts in life. 

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Unlocked pension savings

Unlocked pension savings

Tuesday, 05 November 2019 -

              Critical gap in consumer awareness

          Drawdown allows most pension holders to withdraw a tax-free lump sum and reinvest the remainder as an income. But hundreds of thousands of DIY drawdown investors are unaware they can scale back or stop their withdrawals, putting them in danger of draining their retirement savings too rapidly, according to new research[1]

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Lost pensions

Lost pensions

Thursday, 31 October 2019 -

              Make sure your pension savings don’t get left behind

        The employment landscape has evolved significantly over the last few decades, and changing jobs multiple times before retirement is now very much the norm. Even if you have not had that many jobs, you may still have a number of different pensions to keep track of.

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Pension scammers: spot the warning signs

Pension scammers: spot the warning signs

Tuesday, 29 October 2019 -

             Don’t lose your life savings or be persuaded to invest in high-risk schemes

        Don’t let scammers enjoy your hard-earned pension proceeds. Anyone can be the victim of a pension scam, no matter how savvy they think they are. It’s important that everyone can spot the warning signs. 

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Saving adequately for the future

Saving adequately for the future

Thursday, 24 October 2019 -

              How much should you try to save to have a comfortable retirement?

          The number of people saving enough for a comfortable retirement has hit its highest ever level, with almost three in five Britons (59%) now saving adequately for the future[1]. This is a significant improvement from the 55% proportion recorded 12 months ago, suggesting this April’s auto-enrolment step-up had an immediate positive impact on saving habits.

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Cashing out

Cashing out

Tuesday, 22 October 2019 -

            Pension changes brought a whole new range of options to consider

          Unadvised retirees who are now able to dip into their pension are having to return to work to cope with juggling their finances, according to a new report[1]. Pension freedoms have given individuals control over how to spend their retirement savings, but a number of unintended consequences have emerged. Since rules governing how pensions can be taken were dramatically relaxed in 2015, more than a million over-55s have gone on a freedom-fuelled spending spree.

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Retirement resilience

Retirement resilience

Thursday, 17 October 2019 -

       Taking the reins and having more control over your pension pot.

        Saving for retirement is one of our greatest financial priorities, especially as life expectancy is growing and retirements are likely to last longer. It may be the case that you’d prefer to take the reins and have more control over your pension pot. For appropriate investors, one option to consider is a Self-Invested Personal Pension (SIPP).

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Not ready to give up working and retire?

Not ready to give up working and retire?

Tuesday, 15 October 2019 -

Almost half of UK employees expect to work beyond the age of 65

        When you picture yourself in your golden years, are you sitting on a beach, hitting the golf course or working behind a desk? Not ready to give up working and retire? For those who find adjusting to retirement difficult, the transition can be made smoother by working. For many, working provides more than a salary. It provides happiness and purpose, and staying in the working world can provide many lifestyle benefits in addition to financial gains.

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What you need to know

What you need to know

Thursday, 10 October 2019 -

Winners and losers under the new State Pension.

       The figures for people qualifying for the full new State Pension following its introduction in April 2016 reveal almost two in five pensioners (365,290 people, or 38% of claimants) receive less than £150 a week, while a further 314,290 people (33% of claimants) receive more than £150 a week[1]

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What's important to you?

What's important to you?

Tuesday, 08 October 2019 -

Reaching those milestones starts with setting clear financial goals.

        We all have dreams for the future, and many of those dreams require money and planning to make them become a reality. Reaching those milestones starts with setting clear financial goals. Making decisions with a clear endpoint in mind can make it easier to achieve financial security and allow you to enjoy your life to the full, so we’ve put together this brief rundown to help you get closer to your goals today.

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Inheritance Tax

Inheritance Tax

Thursday, 03 October 2019 -

No longer something that only affects the very wealthy.

Inheritance Tax is no longer something that only affects the very wealthy, but the good news is that there are ways to limit the amount of Inheritance Tax your family may potentially face.

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Building a diverse portfolio

Building a diverse portfolio

Tuesday, 01 October 2019 -

Time, patience and making informed decisions

Making sense of today’s market headwinds and building a diverse portfolio should be key priorities for all investors. Whether you have a lump sum to invest or want to invest regularly each month, it’s important to know your money is working hard for you.

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Money's too tight to mention

Money's too tight to mention

Thursday, 26 September 2019 -

Don’t let inflation reduce the value of your investment returns.

      Inflation can have a significant impact on our finances in a number of ways. But what exactly does it mean? And what impact could it have on our savings and investments? It’s important to understand how inflation works, as well as the effects it has on our financial planning. As the American economist Milton Friedman remarked, ‘Inflation is taxation without legislation.’

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Life after work

Life after work

Tuesday, 24 September 2019 -

Planning for the retirement you deserve.

    Over time, with life expectancy and the cost of living rising, it could mean that some retirees are at risk of running out of pension income in later life. So what can you do to make sure that you have a big enough pension to meet your needs for the whole of your retirement?

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Lifetime Allowance

Lifetime Allowance

Thursday, 19 September 2019 -

Breach may impact on more than a million workers.

 An estimated 1.25 million people are set to breach the current Lifetime Allowance (LTA) £1.03m lifetime limit for pension tax relief over the course of their working life, according to new research published[1].

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Pension freedoms

Pension freedoms

Tuesday, 17 September 2019 -

Over one million UK savers embrace relaxation of rules.

 The Government’s announcement on the relaxation of pension rules changed the investment landscape and pension freedoms show no sign of losing their popularity.

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Please be aware these articles are for general information purposes only and correct at time of printing. We will not accept responsibility for any errors made or actions taken by any readers that have acted on the information contained. Answers given are for guidance only and specific advice should be taken before acting on any of the suggestions made. All information is based on our understanding of current tax practices, which are subject to change. Always remember when investing, past performance is not necessarily a guide to future performance and the value of some investment units can fall as well as rise.