Financial Planning, Pensions Advice, Financial Adviser Dunfermline, Fife, Edinburgh and Central Scotland

Monday 19th March 2018

15th February 2018

The Pension Freedoms reform means that you can access 25% of your pension fund on a tax-free basis from 10 years prior to your State Retirement age (also known as a Pension Commencement Lump Sum). More than half (54%) of people plan to take advantage of this, according to research from Aegon.

But, is it always a good idea? (more…)

15th February 2018

By the age of 50, men’s pension pots are double the size of women’s, according to research from Aegon.

Why? (more…)

15th February 2018

Unsure about your financial stability in retirement? You’re not alone.

Just under half (46%) of people due to retire in 2018 feel that they are financially underprepared for retirement, according to Prudential. That is despite the average income for people retiring in 2018 reaching a 10-year high of £19,900, after rising continually for the past five years and surpassing the 2008 high of £18,700. (more…)

15th February 2018

A new outfit, a cup of coffee, pizza on a Friday night. They’re small, impulsive purchases, but they soon add up.

Research from Scottish Widows shows that each month, we each spend an average of £124 on things we could do without.

By swapping these ‘little luxuries’ for the simpler things in life, you could treat yourself to an extra £9,853 annual retirement income in your later years. (more…)

15th February 2018

Two incomes are better than one.

But what happens when one income suddenly stops?

For millions of people, it could mean significant financial danger, due to a lack of savings and insurance. (more…)

15th February 2018

Accessing pension funds early is not right for everybody.

In fact, without careful consideration, it could lead to financial difficulties later in life.

Data from Retirement Advantage shows that the amount people are taking from their pension has risen above the £6 billion mark, with £6.54 billion being withdrawn in 2017. (more…)

15th January 2018

Could your parents, grandparents or relatives be eligible for more financial help than they are getting?

60% of pensioners who own their own home are missing out on at least £1,000 in state benefits each year, according to research from Just Group. This is due to the mistaken belief that being a homeowner makes them ineligible for certain benefits. (more…)

15th February 2018

For those who invested in 65+ Guaranteed Growth Bonds in 2014 and 2015, it is time to think about what to do with the returns. (more…)

16th January 2018

As we head into 2018, with a new financial year a few months away, the government is preparing to introduce several changes. These will come into effect in April, and it is likely that you will be affected by at least one of them. Being prepared is the key to making the most of the changes and deadlines that are approaching.

To ensure that you are informed about the upcoming changes to allowances, savings and pensions, here are the seven biggest things you need to know about: (more…)

16th January 2018

Only 38% of UK adults know what inflation is, according to research from The Organisation for Economic Cooperation and Development (OECD). The data also shows that adults in at least 14 nations have a better understanding of inflation than Brits.

To help put this situation right, we’ve created a short explainer covering the main points. However, we always encourage you to read further, learn more and seek professional help when you need it. (more…)

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