Taking control of your retirement savings

Taking control of your retirement savings

If you are in a workplace pension scheme, then the mechanics of saving for a pension should be fairly straightforward in that you can make pension contributions directly from payroll. If you are not, then there are alternative ways of making pension savings, such as saving via private pensions. Even if you are in a workplace pension, it’s worth remembering that workplace pensions are just one vehicle for retirement savings.  You can save for your retirement in other ways as well as having a workplace pension. Whatever approach you take, there are five basic rules which can be applied to most, if not all, situations.

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How much money do you really need to retire?

How much money do you really need to retire?

General figures about the cost of retirement income can have their uses, but the fact of the matter is that, like many aspects of life, the cost of retirement will depend greatly on your own personal circumstances, needs and wants.  Therefore, instead of looking at “average costs”, we’d like to suggest some points you should consider when estimating how much money you will need to live on comfortably in retirement.

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Bridging the pensions pay gap

Bridging the pensions pay gap

Equal pay recently hit the headlines in the UK when it became compulsory for firms with more than 250 employees to disclose their gender pay gap information.  News, being what it is, has moved on, although it seems reasonable to expect that the topic of equal pay (or not) will hit the headlines again in the next review, scheduled for April 2019.

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The retirement income conundrum

The retirement income conundrum

Assets are nice to have but it’s income which pays the bills, literally.  This reality may pose something of a conundrum for modern retirees who could find themselves in a situation where they have a high net worth on paper, but poor cash flow, with the result that although they are technically well-off, in actual fact, they may struggle to pay their bills.  Here are some suggestions to help address this situation.

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