Future generations could be worse off than today’s retirees, a report finds

Workers in an open-plan office.

The current generation of pensioners is doing better financially than any before it. However, a report from the Institute for Fiscal Studies (IFS), warns future generations may not be as fortunate.  While retirement may seem like something you don’t need to think about until you reach the milestone, it’s more important than ever that younger […]

Want to retire early? Financial planning could make it a reality

Older couple cycling past a field.

Retiring early is an aspiration for many workers looking forward to greater freedom. If early retirement is something you’re dreaming about, a survey suggests financial planning could help you turn it into a reality and enjoy the next chapter of your life more. A Standard Life study found, on average, people receiving financial advice plan […]

Explained: How pension tax relief works and boosts your retirement savings

Workers in an open-plan office.

Tax relief could boost your pension and mean you have more financial freedom in retirement. Yet it’s something that you may overlook when reviewing your pension, as analysis suggests that some workers aren’t claiming their full entitlement.  In fact, according to a report in the Telegraph, higher- and additional-rate taxpayers could have missed out on […]

Revealed: The key to happiness in retirement is focusing on experiences

A retired couple hiking.

Retirement is a milestone that’s often greeted with celebration. But what do you need to do to be happy during your later years? Research has revealed that it’s experiences, rather than material items, that are important.  A survey from Royal London found that 72% of those aged over 55 favoured experiences over material possessions. From […]

6 essential steps to take if you’re retiring in 2023

A mature couple visiting an ancient amphitheatre.

If you’re retiring in 2023, congratulations! It’s an exciting milestone that you’re no doubt looking forward to. Here are six practical steps to take now to make sure you can retire with confidence and be financially secure.  1. Set a retirement date One of the important first steps is deciding exactly when you want to […]

Explained: The social care cap and what it means for you

A care worker serving an older man dinner.

Next year, Boris Johnson’s social care cap will be introduced. So, what is it and what does it mean for you? The social care cap limits how much an individual will pay for care during their lifetime. It will start in October 2023. The cap is £86,000, but it may not be as generous as […]

Why good retirement planning is about more than your pension and money

A mature couple enjoying the view of an ancient amphitheatre.

If you’re nearing retirement, you may be starting to think about planning the next stage of your life. What steps spring to mind? You may prioritise organising your pension, claiming your State Pension, or reviewing how much you have in a savings account. These steps are important for creating security, yet good retirement planning goes […]