Money Minder UK

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Improving your retirement income

Improving your retirement income

Tuesday, 16 July 2019 -

Looking forward to having more time to explore faraway places?

      Retirement is a time for you to do the things you’ve always wanted to do. Perhaps you’re looking forward to having more time to explore faraway places. Or maybe you dream of simply waking up each day and doing whatever takes your fancy. However you see your future, it helps to start planning for it as soon as possible.

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Breaking up is hard to do

Breaking up is hard to do

Thursday, 11 July 2019 -

How much money will you will need to live on later in life?

      Divorce is undoubtedly one of the most difficult subjects to talk about. When relationships come to an end, there are so many things to consider – children, home and support are naturally the first things you would focus on. In fact, when you begin the process of separating a shared life, the sheer number of things to deal with can seem very daunting. And the cost of divorce can have a lasting impact on your plans for later in life.

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Spring into action

Spring into action

Tuesday, 09 July 2019 -

Taking a closer look at what you’re spending as a family can help make significant savings.

     It will not be too long before spring is finally upon us, and those winter months (even though we’ve had a really mild winter) will start to become a distant memory. But with spring comes a new tax year – the 2019/20 tax year is just around the corner.

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Financial freedom

Financial freedom

Thursday, 04 July 2019 -

Experiencing a golden age without money worries.

      Saving enough during our working life will not just give us freedom to manage our finances more flexibly, but it will also help us to secure a more comfortable lifestyle in retirement. Even though the baby boomers (the generation born between 1946 and 1964) are better off than any other generation, according to a new report[1], one in three (33%) people nearing retirement in this age demographic still don’t feel confident they’ll have enough funds to live on[2].

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The time is now

The time is now

Tuesday, 02 July 2019 -

A much needed boost to the nation’s savings.

     A million more women in their 20s could be saving adequately for retirement if they were able to access emergency cash from their pension, according to new research[1]. The latest Women & Retirement report highlights that the current lack of flexibility in pensions is a barrier to saving and that introducing the ability to access funds for unexpected bills could provide a much-needed boost to the nation’s savings.

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Double whammy

Double whammy

Thursday, 27 June 2019 -

New social phenomenon – the ‘sandwich generation’.

      In recent years, a growing realisation has formed that we’re in the middle of a new social phenomenon – the ‘sandwich generation’. The term ‘sandwich generation’ is often used to refer to those who care for both sick, disabled or older relatives and dependent children. 

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To downsize, or not to downsize?

To downsize, or not to downsize?

Tuesday, 25 June 2019 -

Planning your next move for a comfortable retirement.

      It can be a daunting prospect to think about selling the family home, but it is a decision that many decide is the right choice for them once the children have long moved out and the upkeep seems too onerous. However, people don’t often consider the impact this could have on their retirement, according to new research[1].

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Retirement income

Retirement income

Thursday, 20 June 2019 -

Plan to enjoy the kind of lifestyle you want in later life.

     ‘Will I be able to afford the retirement lifestyle I want?’ is a question that many people ask but struggle to figure out. There are many ways to assess your likely income in retirement and work out how much you need to put away now to enjoy the kind of lifestyle you want in later life. This is why more and more people, where appropriate, are turning to private pensions as a tax-effective way to build or enhance their retirement income.

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Safeguarding your wealth for future generations

Safeguarding your wealth for future generations

Tuesday, 18 June 2019 -

Steps to mitigate against Inheritance Tax.

   Unforeseen life events and circumstances can potentially impact your finances in a number of ways. We can help you to safeguard your wealth for future generations. But for many of us, there can be a remarkable gap between our intentions and our actions.

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Millennials get real with the numbers

Millennials get real with the numbers

Thursday, 13 June 2019 -

Making sacrifices for home ownership over retirement.

     Millennials are chasing the home ownership dream at the potential cost of a lower income in retirement, new research[1] shows. Over a third (35%) of millennials say they prioritise saving for a deposit on a home instead of their retirement. Nearly a fifth (19%) say buying a house is the main reason they don’t save more into their pension, while 10% say student debt stops them saving into a pension. One in 11 (9%) admits that frequently changing jobs affects their ability to make regular pension contributions.

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Wealth protection

Wealth protection

Tuesday, 11 June 2019 -

Planning your legacy.

      Unforeseen life events and circumstances can potentially impact your finances in a number of ways. Believe it or not, you have an estate. In fact, nearly everyone does.

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No pain, no gain

No pain, no gain

Thursday, 06 June 2019 -

Planning to get where you want to be.

       Successful saving and investing is arguably a lot like exercise – no pain, no gain. As is the case when undertaking a new fitness regime, if you properly commit yourself and stick to it, the eventual outcomes can be very rewarding.

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Retirement options

Retirement options

Tuesday, 04 June 2019 -

Greater responsibility on individuals to plan for financial security in old age.

   Deciding what to do with your pension pot is one of the most important decisions you will ever make for your future. The ‘pension freedom’ changes of April 2015 represented a complete shake-up of the UK’s pensions system, giving people much more control over their pension savings than before.

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Your ISA, your future

Your ISA, your future

Thursday, 30 May 2019 -

Time to reimagine how to invest more tax-efficiently?

Each tax year, from the age of 16 we are each given an annual Individual Savings Account (ISA) allowance. The ISA limit for 2018/19 is £20,000, and anyone wishing to utilise their allowance should do so before the deadline at midnight on Friday 5 April 2019.

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Smart Plans

Smart Plans

Thursday, 23 May 2019 -

Living a less complicated life!

For anyone enjoying their retirement years and living a less complicated life, it can be easy to assume that you no longer require professional financial advice. Some people may believe that since they have reached their 60s and ‘retired’, the hard work is over.

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Trust in your investments

Trust in your investments

Tuesday, 21 May 2019 -

Investing for income or growth, or both

Investment trusts are a well-established way of investing. Many investors prefer to invest in a fund rather than by picking individual stocks, shares or other assets. Funds allow you to diversify your portfolio easily, as well as giving you the chance to benefit from the expertise of fund managers.

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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.