Around half of business owners aren’t regularly contributing to a pension. While you might plan to use your business to fund your later years, a pension could still be a good idea and provide you with greater flexibility when you’re ready to retire.
The State Pension is often an important part of retirement plans as it provide a reliable income. Discover how you can ensure you’ll receive the full new State Pension, whether you’re retiring this year or the milestone is still years away.
While financial challenges often come up when talking to people nearing retirement, the emotional obstacles could be just as important. Fortunately, a tailored financial plan could help you feel confident and excited for the next chapter of your life.
Emotions can affect how you perceive a situation and might influence the financial decisions you make too. One simple step you might take to reduce how emotions affect your investments and other areas of your finances is to give yourself time before making a decision.
When reviewing a cashflow model, it can seem like there are a lot of numbers. Looking beyond the figures to incorporate your lifestyle goals could help you get more out of it and build an effective financial plan.
If the value of your estate is more than £2 million when you pass away, the threshold for paying Inheritance Tax (IHT) could be lower than you think. It might leave your loved ones with a larger tax bill than you expect. Find out what you need to know about IHT thresholds.
Emotional resilience could mean you’re better prepared to handle stressful situations, including financial ones. So, discover some steps you may take to improve your financial resilience.
A financial plan isn’t a one-size-fits-all solution. Instead, to get the most out of it, it should be tailored to your circumstances and goals, and consider your financial worries. Find out more here.
The number of ISA millionaires has tripled in the last three years. If you want to reach the £1 million milestone, consistent deposits and investing could be the key to securing your goals.
The end of the tax year is approaching and some key allowances will reset. Find out more about five useful tax allowances that could reduce your overall tax bill and form part of your financial plan.
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