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Insights from the Charles James team
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.
Get Advice Before Withdrawing From Your Pension
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.
25% of Pensioner Households Have Zero Savings
Latest government figures reveal that a quarter of all pensioner households have no money saved for retirement.
Savings FAQs
Savings rates are at rock bottom, but that doesn’t mean that saving is a bad idea. Here are some of the commonly asked questions about how to save…
Mortgage Lending Amounts Reach All Time High
More money than ever before was borrowed by first-time buyers last year.
Pension Annuity Sale Scheme Scrapped
The Treasury reverses their decision to allow pensioners cash in their annuities.
UK Government to Set Up Central Financial Advice Service
Replacing the Money Advice Service, a new government body will provide financial advice on pensions, debt and other money issues.
Making the Right Pension Decisions
If you have been paying into a pension, you will now have full access to it once you turn 55. The question is, what will you do with it?
How to Save Money
With more emphasis being placed on saving money, we look at how easy it is to cut down on your monthly outgoings.
Budget 2016 Summary: Tax & Savings
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.
Are You Taking Debt Advice?
Household debt is becoming an issue for an increasing number of families in the UK.
A Money Calendar for 2016
Planning your finances for the coming year may seem daunting, but by concentrating on one month at a time, things become much simpler.