Annuities are rising in popularity once again off the back of very much improved rates; read on to learn how buying one might suit your retirement needs.
Matt Phillips, Director of Wealth Planning at Canaccord Genuity Wealth Management, sets out key questions which will help those on the brink of retirement to navigate an inflationary environment.
High earners can feel hemmed in by continued tax raids to pension savings, but by thinking outside the box they can find ample tax-efficient routes maximise their retirement savings.
Tax hikes and rising inflation bode ill for the wealthy in what many are predicting will be a “winter of discontent”, and possibly several worrying seasons after too.
Pension shortfalls and rising private school fees top our users’ concerns as autumn begins.
As people approach retirement and become increasingly reliant on their investments, pensions and savings, a whole new raft of risks come into view.
Efficient retirement savings routes continue to be front of mind, along with ways to inflation-proof portfolios and reduce Inheritance Tax liabilities.
Savers should ask themselves this set of pension questions to discover if there are amendments required to their retirement plans, as small actions can have big results.
The hunt for yield has become even more urgent amid continued dividend cuts and talk of negative interest rates, and all the while the spectre of several tax hikes looms.