Unfortunately, this is a question some people are asking themselves as the pandemic continues to affect the economy with the UK entering a recession for the first time in 11 years. Businesses are being forced to act for future survival. But does being made redundant, provide an opportunity to those with retirement on the horizon? […]
From speaking to our clients about their retirement plans, an annuity forms part of the discussions to determine a suitable solution; but what is an annuity? An annuity is a retirement product which you purchase from a provider using some or all of your pension savings in exchange for a guaranteed income for the rest […]
A question we frequently ask clients is ‘How much do you anticipate you will spend each month, or year, in retirement?’. The question is one some clients have not thought about. Whether you are in your early 20’s or mid 50’s, it is a question which we should all consider to some degree – after […]
It is vital that you have a clear understanding of how much you pay for the services you receive. In this video we discuss the questions you should ask and why you should ask them. This video is not intended to be personalised advice.
Simon Wateridge, Financial Planner and Simon Moore, also a Financial Planner discuss how we have been talking with our clients about how the current situation affects their financial plans. The value of investments can fall as well as rise. You may not get back what you invest.
Why should you diversify? The beauty of a well-diversified portfolio… Following the COVID-19 outbreak, we now find ourselves in unprecedented times, with the FTSE 100 falling in excess of 30% since the start of 2020 having experienced the single worst trading day since 1987 during this market downturn. Undoubtedly such events cause uncertainty and unrest. […]
The importance of a will… and keeping it up to date! A will is a legally binding document which allows you to determine how you would like your estate to be handled and distributed upon your death. Five reasons to make a will are: • If you die without a will, the rules of intestacy […]
Pension Consolidation – Is it right for you? As we find ourselves in a new year and a new decade; is reviewing your existing pension arrangements something you have been meaning to find the time for? A common question we are asked at Wingate Financial Planning is: should I consolidate my pensions? Amalgamating multiple pensions […]
Pension Benefits: Why You Should Pay into a Pension There are many pension benefits, such as: Obtain tax relief at your highest marginal rate on contributions (up to age 75) The pension fund grows free of tax Generally, exempt from IHT 25% of the fund can be withdrawn tax free Death benefits If we focus […]
Do You Have Suitable Financial Protection? Financial protection is commonly overlooked when individuals review their finances. However, it forms an important part of a financial plan in providing either a stream of income or a lump sum to loved ones should the worse happen. As humans, we tend not to think too much about such […]