What is the best way to generate a reliable income in retirement? Broadly speaking, you can use your pension savings in two ways – buy an annuity, or keep the money invested and take gradual…
Overwhelmed by pension info? How an adviser can help 3>
A recent study by Standard Life revealed that 50% of people feel “overwhelmed” by pension information and two in five people have no idea what to do next with the information they do have. Retirement…
Pension tax relief is a system designed to encourage people to save towards their retirement. Yet how does it work, exactly? How can you best use it to boost your savings and achieve your long-term…
Insights for women and pension planning in 2023 3>
Planning for retirement is unique to each person. Yet women tend to face common, distinct challenges which need addressing to secure their financial future in later life. In this post, our Grantham financial planners explain…
There has been a lot of change in the UK’s political realm since the summer. Three Prime Ministers and two budgets from separate chancellors. It is little wonder that many are confused about their pension…
The Bank of England (BoE) recently intervened in the UK bond market to try and “save” pension funds from collapse. At Castlegate, we understand that this has caused some to worry...
Is Buy to Let better than a pension for retirement? 3>
Britain is unique in Europe for its love of home ownership. In 2018, 65.25% of Britons owned their own property – up from 65% the year before. The idea of buying a property, living in…
You do not have to start taking your State Pension as soon as you reach State Pension age (i.e. age 66 in 2022). Instead, you can choose to defer it – potentially allowing you to…
After a career of paying taxes, you can be forgiven for thinking you do not need to pay taxes in retirement. However, this is not usually the case. In the UK, pensions are subject to…
Recently the media has spoken of the “great pension divide”, with private sector workers getting as little as £3 in retirement for every £1 saved. Public sector employees, however, receive as much as £10. This…
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