Running a successful business is hard work, so it’s understandable that most entrepreneurs are much more focussed on the here and now rather than planning for their retirement. As business fortunes fluctuate, this is where carry forward can come to the rescue. In more prosperous years, it allows clients to play ‘catch-up’ by paying much larger contributions into their pensions …
UK pensioners get a worse deal than Colombians
Pensioners in the UK languish way down the table when it comes to the quality of pension provision offered to the poorest and the self-employed. They’re worse off than counterparts in countries like Colombia, Chile, Australia and Germany. However, they do enjoy better benefits than those available in France, Italy, Spain and the US. This article was featured in a …
Trends in baby boomer retirement plans
Living through decades of increasing prosperity has undoubtedly given baby boomers a lot of advantages, but they can also face a number of challenges. Today, many feel pressured into working past their normal retirement date, often because of the number of demands being made on their finances by their families. If they are unable to work, they can have concerns …
Mortgages into Retirement
Mortgages have historically run for 25 years. They have over time developed and many lenders offer terms from between 5-35 years. However, some lenders are now allowing you to mortgage your property well into your retirement. How does it work? Lenders will assess affordability based on your current circumstances, which for many people, will result in greater levels of affordability, …