Money Minder UK

Recent News

Cultivate the art of patience

Cultivate the art of patience

Thursday, 12 December 2019 -

Creating and maintaining the right investment strategy plays a vital role in securing your financial future. But we live in the era of the 24-hour news cycle. Human tendency is to prioritise negative over positive news content, and no one is immune from bad news. So as an investor, when you do get it, how do you process the information, deal with it and move on unscathed?

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Saving adequately for the future

Saving adequately for the future

Tuesday, 10 December 2019 -

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

          The good news is that 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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Financial support

Financial support

Thursday, 05 December 2019 -

              Looking after your lifestyle during a time of uncertainty

          Nobody wants to worry about how they’ll pay the bills if they become sick or injured and can’t work. But illness or injury can strike at any time and can lead to serious financial trouble. The latest government figures[1] report the dramatic increase in the likelihood of long-term sickness absence when we age, leading to an employment absence of four weeks or more.

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Taxing times ahead

Taxing times ahead

Tuesday, 03 December 2019 -

              Don’t be penalised by the tax system when you exercise your freedoms

          The ‘pension freedom’ reforms of 2015 were welcomed by consumers, as they vastly widened options available to most savers at retirement. Pension freedoms allow savers to have the flexibility on how and when to spend their money without being penalised by the tax system, but it is worrying that some individuals plan to withdraw more than the tax-free lump sum limit.

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Boosting investment returns

Boosting investment returns

Thursday, 28 November 2019 -

              Out of adversity comes opportunity

          Under new Prime Minister Boris Johnson, the Government has toughened its stance on a no-deal Brexit, which it has said is ‘now a very real prospect’. 23 June marked three years since the UK voted to leave the European Union.

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Pension shortfall exposure

Pension shortfall exposure

Tuesday, 26 November 2019 -

              Signs you are not financially ready to retire

          Those potentially most exposed to a pension shortfall are not people just entering the workforce, most of whom presume they will work until their 70s and will receive limited support from the state. Those most at risk of enduring a more frugal older age are those currently in their 40s and 50s who grew up assuming that the pensions system their parents enjoyed – generous income and retirement in their mid-60s – was the norm.

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Pensioner wealth

Pensioner wealth

Thursday, 21 November 2019 -

             Income gap between the wealthiest and poorest pensioners is growing

          The members of Britain’s baby boomer generation who are now entering retirement have been called ‘the richest generation in history’. But the income gap between the wealthiest and poorest pensioners is growing, with those in the top pension income band now having an average weekly income of almost £1,000.

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Economically active

Economically active

Tuesday, 19 November 2019 -

              Why longevity also brings with it some unique financial challenges

          Statistics clearly show that Britons are living longer. While a long life can be a good thing, longevity also brings with it some unique financial challenges. Our ageing population is drastically altering the economic landscape of the UK, the latest figures from the Office for National Statistics (ONS) have indicated.

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The future of work is coming

The future of work is coming

Thursday, 14 November 2019 -

              Tangible benefits older workers bring to the workplace

         The days of an employee turning 65, getting a gold watch or carriage clock and being ushered into a new world of golf, retirement communities and early-bird specials are rapidly disappearing. People are living longer, and organisations are shifting their attitudes toward older workers as a result. 

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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.

Read More »


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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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.