Organising your finances and future after a separation

When you’re going through a relationship break-up, you experience conflicting emotions and a long list of tasks to work through. But while finances may not be a priority, it’s an area that needs to be organised as you plan for your future. In some cases, money isn’t something that’s focussed on during a separation. It’s understandable; it’s a time upheaval in your life and other areas, such as family and children, take priority. However, the financial aspect of a relationship breakdown is important. It can help you feel more in ...

Should you consider a SIPP when saving for retirement?

When it comes to saving for retirement, it can seem like there are endless options to choose between. One you may not have considered is a Self-invested Personal Pension (SIPP). While you typically sign up to a pension through your employer, a SIPP allows you to take more control over your savings as you plan for retirement. It’s essentially a pension wrapper that holds your investments until you’re ready to start withdrawing a retirement income. While a Workplace Pension is also usually invested, where the money is placed will be ...

The foreign retirement hotspots for Brits

Dreaming of spending your retirement somewhere other than the UK? It’s a dream thousands of Brits turn into a reality every year. From the sunny beaches of Spain to cities in the USA, retirees are choosing to spend their years after work in very different locations to where they grew up, with Australia coming out top. Research looking at the top places to head to in retirement analysed where most expats were claiming their State Pension. It discovered more retirees were choosing to head down under, knocking ...

Five things to do before the end of the tax year

The end of one tax year and the start of another is often a time to review your finances and make sure you’ve taken advantage of all the tax-efficient allowances you can. With Friday 5th April 2019 now looming, it’s the perfect time to review your financial performance over the last 12 months, plan for the year ahead and see where gains can still be made in 2018/19. Get ready for the new tax year by considering these five financial tasks: 1. Use your ISA Allowance Your annual ISA (Individual Savings Account) ...