Month: June 2023

Think of life insurance like a safety net

Make sure your dependents have the money they need if you were no longer around

When it comes to ensuring that your family is taken care of in the event you premature death, life insurance is invaluable. It’s important to recognise how life insurance can help protect your financial interests and those of your loved ones.

Building up more tax-free money in your pension

Changes present significant opportunities for various individuals

When making contributions to your pension, it’s important to keep in mind that there’s a limit to how much you can contribute each year without incurring additional taxes. This limit is known as the pension Annual Allowance.

Gender pension gap

Gap in pension benefits between men and women widens

For many women, the decision to work part-time often coincides with important career and childcare milestones. While pension contributions may not be the deciding factor for this decision, it’s important to understand the long-term impact on pensions. This knowledge is crucial for good financial planning.

Mind the State Pension gap

Knowing how much you’ll receive is vital for planning your future finances

The State Pension age is set to rise to 67 by 2028, followed by a subsequent rise to 68 between 2044 and 2046. However, there is currently a review being conducted to determine the appropriateness of the existing timetable.