When considering retirement, the concept of downsizing has emerged as a significant strategy for many, promising not just a simpler lifestyle but also a considerable boost to retirement income. According to recent findings from Savills, homeowners in England and Wales stand to gain an average of £305,090 by transitioning from a four-bedroom to a two-bedroom […]
Retirement
Understanding the Autumn Statement
In the ever-evolving economic landscape, the Autumn Statement serves as a pivotal marker for individuals and businesses alike. As a mortgage advice firm, it’s crucial for me to dissect these announcements to guide you through potential implications and strategies. The Unchanged Tax Thresholds: A Double-Edged Sword One of the key takeaways from the Autumn Statement […]
Perfecting Your Pension
Even though there are plenty of ways you can potentially save for your retirement, saving via a pension scheme remains one of the most common, especially for those in employment, who now have to be automatically enrolled into a pension scheme unless they actively choose to opt-out. If you’re one of the many people currently […]
Understanding the basics of workplace pensions
There’s no such thing as a free lunch and you can’t have your cake and eat it. You can, however, make use of tax breaks to reduce the amount of money you hand over to the government and, hence, increase the amount of money you have available for your own use. In some cases, there […]
How much money do you really need to retire?
General figures about the cost of retirement income can have their uses, but the fact of the matter is that, like many aspects of life, the cost of retirement will depend greatly on your own personal circumstances, needs and wants. Therefore, instead of looking at “average costs”, we’d like to suggests some points you should […]
The retirement income conundrum
Assets are nice to have but it’s income which pays the bills, literally. This reality may pose something of a conundrum for modern retirees who could find themselves in a situation where they have a high net worth on paper, but poor cash flow, with the result that although they are technically well-off, in actual […]