Understanding UK pensions
Understanding UK pensions
What is the lifetime allowance for pensions in the UK?
One of the smartest ways to invest and save money for the future, it’s little surprise that the majority of us will put aside funds to make contributions to our pension at some point in our lives so we have plenty of money left over to fund our retirement. But while it’s a sensible idea […]
How much will retirement cost you after inflation?
Due to the consequences of the Covid pandemic, the energy crisis and a range of other factors, the UK and the wider global economy has seen inflation increase the cost of living substantially in a relatively short amount of time. This has resulted in much of the population having to cut back on their spending […]
The Four Pillars of Wealth Management
Wealth management is a deeply personal, long term process that will differ from person to person depending on their circumstances and goals. Whilst it is imperative to take this into consideration when developing a strategy to achieve financial objectives, there are four main concepts that are applicable to almost all financial planning journeys and are […]
UK Pension Tax Relief Amounted to £51.6B Last Year
The HRMC has revealed that the cost of pension tax relief in the UK last year amounted to the astronomical sum of £51.6 billion. This is due to the tax relief that UK citizens receive on contributions to their pensions (up to the annual allowance limit) and the NI relief that employers also receive on […]
How your UK pension could be changing in 2023?
With the recent turbulence in UK politics resulting in budget reviews and u-turns, it has been a time of uncertainty when it comes to government policies, as nothing seems set in stone. These constant developments have been concerning for many as the cost of living crisis puts pressure on much of the population to plan […]
What are the best cities to move to in Portugal?
Any expats still looking for incentives to move to Portugal need only look at the sheer variety of styles, culture, and activities in Portugal’s major cities, charming rural towns, and quaint seaside resorts; Brits moving to Portugal will find there’s an area to suit every lifestyle. Lisbon Many expats choose to join Lisbon’s 504,718 population, […]
How to be financially prepared for 2023?
This past year has proved precisely how unpredictable the economy can be, and how quickly the changes can impact investments and our day-to-day lives This turbulence can be deeply disruptive, not only to our finances but also to our quality of life and mental health, especially when you are in the process of trying to […]