Financial Planning

3 Things to Know About Retirement Planning in 2022

3 Things to Know About Retirement Planning in 2022

Saving for retirement can be a daunting prospect. There are many different planning options and the amount needed to save comes down to the individual. According to one study, just 12% of under 55s have set a target for their pension pots—meaning around 18 million UK adults could potentially be heading for a retirement nightmare.

That's why we are here to break it down with 3 things you need to know about retirement planning.


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Get Advice Before Withdrawing From Your Pension

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Pensions freedoms have brought financial flexibility for those entering retirement age, however you must be aware of the consequences of withdrawing lump sums from your pension pot, especially if you plan on doing so before retirement age.

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UK Government to Set Up Central Financial Advice Service

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Replacing the Money Advice Service, a new government body will provide financial advice on pensions, debt and other money issues.

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Budget 2016 Summary: Tax & Savings

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Among the talk of compulsory maths lessons and fizzy drinks, there were a number of big announcements regarding taxes, savings and pensions in this year’s budget.