Good news for all of us who have accepted that we are getting older: Saga reports that new European research shows that 60 is the new 40! The research reveals that people are now reaching middle age at the tender age of 60, instead of the previously expected figure of 40 years old.
In the UK April saw the clock ticking down towards the General Election. For the rest of the world, life went on pretty much as normal: that’s to say, China and Germany remorselessly cranked out another trade surplus, the American economy gave us more mixed signals, and Greece teetered on the edge of bankruptcy.
We tailor most of our ASPL Services for people aged 50 & over and so here are a few tips that come up from time to time during discussions with our clients.
We are often asked how to find details of old, missing bank accounts or policies. Here are 3 places you can go to look for them!
We are hearing a lot through the media about the attacks we may experience under the new UK Pension Reform arrangements and regulations, when we gain access to our pension pots and can choose to do what we like with them. What an opportunity for fraudsters who right now are ready to assault our new wealth castles!
The focus in March inevitably turned towards the UK Budget – delivered by Chancellor George Osborne on March 18th – and the forthcoming General Election, with the two main parties currently running neck and neck in the opinion polls.
Approaching fast is April 2015, when you could have even more freedom to decide what you want to do with your pension savings as you approach retirement. Whatever you choose to do, and it will be your choice if you qualify, think carefully and choose wisely.
Are you relishing the arrival of your retirement, whenever it may be due? A recent survey from Aegon found that whilst people continued to have positive aspirations for retirement, there was nevertheless a widespread lack of confidence that retirement would actually deliver.
Budgeting for retirement can be more difficult than budgeting whilst you’re still working. Some costs may increase, such as heating your home, and you’ll have to work out exactly how much income you will be receiving from your pension. The average British wage is about £26,000 – to replicate that in retirement you’d need a pension pot of more than £300,000.
At last! A full house, ladies and gentlemen. For the first time since we started this bulletin all the major world stock markets moved resolutely upwards in February. Some by a little, some by a lot and some – step forward the UK – finally breaking through a previous high from the last century.
The great thing about writing this bulletin is that you make a note of something which looks hugely significant around the middle of the month and then something else comes along which makes it pale into insignificance. In this case the ‘hugely significant’ event was the fall in UK inflation – what came along was the Greek election result and victory for Syriza, the far-left coalition under Alexis Tsipras.
A recent Telegraph article by Kyle Caldwell highlights how buy-to-let landlords and private property investors are coming under increasing HMRC scrutiny when it comes to tax due on rental income and capital gains.
Did 2014 turn out to be a better than expected year for savers? According to a recent bulletin by Standard Life, the Autumn Statement by the Chancellor in early December rounded-off quite a year, with good news for ISAs and pensions.
There are less than three months to go before the new pension freedom becomes reality. With the legislation now in place, the run up to April is time to start planning in earnest to make sure you make the most of your pension savings.
Traditionally, December is a ‘slow news’ month. Like August, the great and the good spend a large part of the month on holiday and world events supposedly move slowly, if at all.
Independence, impartiality, courtesy, personal, tailored, up to date.Mr & Mrs P - Doncaster