Planning for unexpected early retirement

Early retirement is something many people look forward to. But when it’s a decision that’s taken out of your hands, it can leave you in a financially vulnerable position. Whether you plan to give up working while in your 50s, wait until State Pension age or even continue working past this point, it’s an important financial decision. As you save into your pension and build up other retirement provisions, you’ve probably invested some time into considering when you’d like to give up work and when it will be possible financially. ...

Why planning for retirement should start in your 40s

To get the most out of it, retirement requires planning. Yet, many of us leave it until the milestone is just a few years away, by which point it may be too late to make changes that are potentially needed. While you may have been saving into a pension since you started working, you may not have given much thought about what your contributions actually mean for retirement. Often in your 40s, your financial focus is on other areas, perhaps you’re paying off a mortgage or supporting children through education. ...

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 ...