Cost of raising a child increases to £218,000

Parents would rather do without themselves than radically cut back on what they can provide for their children

The annual Cost of a Child Report [1] from protection and retirement specialist LV=, reveals the cost of raising a child from birth to their 21st birthday now totals a record £218,024. This equates to £10,382 a year, £865 a month or £28.44 a day. Continue reading “Cost of raising a child increases to £218,000”

Helping you maximise your retirement income

Why your annuity will have to last you for longer

An annuity is an investment which will pay you an income for the rest of your life, no matter how long you live. This is achieved by handing over your pension fund to an insurance company in return for an annuity when you retire. The insurer then guarantees to pay you an income for the rest of your life via the annuity. Continue reading “Helping you maximise your retirement income”

New parents fail to protect their family’s future with life cover

Not enough action is taken to safeguard the financial wellbeing of our families

Four out of five new parents are risking their children’s financial futures by skimping on life cover, according to new research from Aviva. Continue reading “New parents fail to protect their family’s future with life cover”

Removing the cap on the income you can take

Choosing the right strategy in order for you to enjoy your retirement years

After years of saving into your pension fund, you’ve now decided you want to retire and are overwhelmed by the retirement options available. We can work with you to choose the right strategy in order for you to enjoy your retirement years. Continue reading “Removing the cap on the income you can take”

With careful planning, a variety of savers could put offshore investments to good use

Looking to achieve capital security, growth or income?

For the appropriate investor looking to achieve capital security, growth or income, there are a number of advantages to investing offshore, particularly with regards to utilising the tax deferral benefits. You can defer paying tax for the lifetime of the investment, so your investment rolls up without tax being deducted, but you still have to pay tax at your highest rate when you cash the investment in. As a result, with careful planning, a variety of savers could put offshore investments to good use. Continue reading “With careful planning, a variety of savers could put offshore investments to good use”

Pension consolidation

Keeping track of your pension portfolio to get the best out of the contributions you’ve made

Most people, during their career, accumulate a number of different pension plans. Keeping your pension savings in a number of different plans may result in lost investment opportunities and unnecessary exposure to risk. However not all consolidation of pensions will be in your best interests. You should always look carefully into the possible benefits and drawbacks and if unsure seek professional advice. Continue reading “Pension consolidation”

Finances and aspirations of people planning to retire

A new retirement reality for a significant number of retirees

More than ten per cent of people who had planned to retire during 2012 are making alternative arrangements and putting off drawing their pension for the time being, according to the latest results from Prudential’s Class of 2012 research. Continue reading “Finances and aspirations of people planning to retire”