The annual Cost of a Child Report [1] from protection and retirement specialist LV=, reveals the cost of raising a child from birth to their 21st birthday now totals a record £218,024. This equates to £10,382 a year, £865 a month or £28.44 a day. Continue reading “Cost of raising a child increases to £218,000”
The need for long-term care and how it should be paid for is arguably one of the greatest causes for concern among our growing elderly population. Almost half a million people are now in residential care homes, nursing homes and long stay hospitals. Continue reading “Paying for the cost of care”
An annuity is an investment which will pay you an income for the rest of your life, no matter how long you live. This is achieved by handing over your pension fund to an insurance company in return for an annuity when you retire. The insurer then guarantees to pay you an income for the rest of your life via the annuity. Continue reading “Helping you maximise your retirement income”
Four out of five new parents are risking their children’s financial futures by skimping on life cover, according to new research from Aviva. Continue reading “New parents fail to protect their family’s future with life cover”
After years of saving into your pension fund, you’ve now decided you want to retire and are overwhelmed by the retirement options available. We can work with you to choose the right strategy in order for you to enjoy your retirement years. Continue reading “Removing the cap on the income you can take”
For the appropriate investor looking to achieve capital security, growth or income, there are a number of advantages to investing offshore, particularly with regards to utilising the tax deferral benefits. You can defer paying tax for the lifetime of the investment, so your investment rolls up without tax being deducted, but you still have to pay tax at your highest rate when you cash the investment in. As a result, with careful planning, a variety of savers could put offshore investments to good use. Continue reading “With careful planning, a variety of savers could put offshore investments to good use”
While 18 is traditionally seen to be the age at which we become adults, as a nation we are beginning to delay taking on the roles and responsibilities adulthood brings, according to new findings from Scottish Widows’ Attitudes to Planning survey. Continue reading “Growing up is hard to do”
Most people, during their career, accumulate a number of different pension plans. Keeping your pension savings in a number of different plans may result in lost investment opportunities and unnecessary exposure to risk. However not all consolidation of pensions will be in your best interests. You should always look carefully into the possible benefits and drawbacks and if unsure seek professional advice. Continue reading “Pension consolidation”
More than ten per cent of people who had planned to retire during 2012 are making alternative arrangements and putting off drawing their pension for the time being, according to the latest results from Prudential’s Class of 2012 research. Continue reading “Finances and aspirations of people planning to retire”
Making your savings grow and being able to retire when and how you want to is likely to be one of your most important financial objectives, but achieving this goal requires planning and perseverance. Continue reading “Are you getting closer to retirement?”
