Saving

The list below is a collection of articles that refer to, mention or discuss Saving.

Expat Pensions, Understanding The Jargon

Jargon

Expat pensions can be complicated as they come in different types that offer different outcomes for retirement savers. If you don’t know the difference between a DB and DC pension and how they could impact your retirement income, you could miss out on a significant amount of money in your later years. This guide helps … Read more

GAD Rates Explained

GAD Rates

The GAD rate is the way of calculating how much income to take from a capped drawdown pension pot when the money was invested in income generating funds. Capped Drawdown was scrapped when pension freedom rules came into force from April 6, 2015. Although Capped Drawdown is closed to retirement savers, anyone working under the … Read more

Bigger Is Not Always Best For Pension Savers

saving

The new pensions dashboard may encourage retirement savers to tidy their finances by consolidating pensions – but this is not always a good idea, says one expert. Former Pensions Minister Steve Webb, who is now a director at financial firm Royal London, reckons savers should take professional advice before consolidating  as the wrong decision could … Read more

Six Spending Hacks That Will Save You Money

saving

Adding these six saving hacks to your investment tool kit could make all the difference to when you start a comfortable retirement. The aim is to help you shift from someone who spend, spend, spends on stuff to a saver who hangs on to their money by making sensible financial decisions. No one is advocating … Read more

Pension Revamp Is A Tax Tonic For Doctors

doctors

The government is writing a prescription to cure the pension ills of doctors facing tax problems. High-earning doctors have retired or cut their availability to the National Health Service because their pension growth was outperforming the lifetime allowance (LTA). The LTA is set at £1.055 million – but any pension pot exceeding the allowance faces … Read more

Chatting About Money Takes Away Financial Stress

couple talking

Taking about money can make you healthy, wealthy and wise, according to new research. Your health is improved by talking to family and friends about money matters because having a chat eases stress about finances. Wealth is improved because talking about money helps people consider new ideas about how to save and invest that improve … Read more

Self-Employed Will Only Save For Retirement If Forced

pensions

Half of the self-employed would willingly save into a pension – but only if the government brings in automatic enrolment regulations. Otherwise, thousands of workers will continue without any retirement savings, says a new report by investment house Fidelity International. One of the big issues about saving for the self-employed is locking away money. Pension … Read more

Music That Shapes Your Life Shapes Your Savings, Too

music

The music that shaped your life also influences the way you save, according to new research from a leading bank. If you were around when the Beatles were topping the charts, the likelihood is your saving strategy is different from the Guns n’ Roses generation. The US research for Wells Fargo says the usual thinking … Read more

Playing The Game Of Life To Predict Your Pension Needs

pensions

How much money you need to fund a comfortable retirement is the question most of us would like answered. After all, having a definite figure to aim for would make saving a lot easier. But we are all different. Some of us will live longer than others, some of us will have a more extravagant … Read more