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Pensions

Enhancing your pension – The strategic use of tax relief

The recent surge in pension tax relief, exceeding £50 billion for the first time, marks a significant opportunity for savers to enhance their retirement funds. This £14 billion increase over five years highlights the importance of strategic pension contributions and the effective use of tax reliefs. Boosting contributions In the 2022-23 tax year, taxpayers received […]

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Brace for impact! The state pension age may rise again

The Centre for Social Justice (CSJ) has recently proposed a significant change to the UK’s pension landscape. They suggest that the state pension age should rise to 75 by 2035, up from the current age of 66. This proposal comes amid concerns about the UK’s ageing population and the increasing Old Age Dependency Ratio (OADR), […]

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Self-employed? Why you are at greater risk of falling behind with retirement

When it comes to retirement planning, one group that often finds itself at a disadvantage is the self-employed. Unlike their counterparts in traditional employment, self-employed individuals face unique challenges in setting up adequate pension arrangements. During the cost-of-living crisis, many are choosing to reduce private pension savings to meet everyday expenses. With more people choosing […]

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Pensions vs property investment: A combined approach

Any sustainable retirement plan should have redundancies built into it. That is why many savers choose to not only invest money into their pension but also property as well. Recent research shows that the number of people intending to use property to provide a retirement income is on the rise. However, many of the advantages […]

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