We are a long time retired, which is why planning for a comfortable retirement should be regarded as a priority. Comet Wealth can examine the best ways to ensure that the advice and products we recommend will produce the sort of returns that will meet your expectations and will not affect the quality of your lifestyle when you are no longer working.
The value of pensions and the income they produce can fall as well as rise. You may get back less than you invested.
Retirement is something most of us look forward to − particularly on a Monday morning. However, those thoughts are often little more than a whimsical cocktail of not having to work and prolonged holidays. The reality could be rather different, particularly if your retirement date is some way off.
For a start, retirement is now often not the sudden change from work to enforced idleness that it used to be. It has increasingly become a gradual process, with part-time work playing an important role. The latest data from the Office for National Statistics (ONS) show that 13.4% of men and 7.9% of women aged 65 and over are still in employment.
Financial planning can help everyone. It isn’t reserved for the rich, or sophisticated investors, because we all want to make sure we are making the most of our money.
Whether it’s making a retirement plan, investing to provide for your children’s education or preparing for retirement, financial planning can help everyone across their lives.
A good financial adviser should be a trusted partner who can help you achieve your financial aspirations and protect those you care for through the changing circumstances of your life and potentially in the event of disaster. However, most people don’t really know what financial advisers actually do.
If you are a high-earner and feel you are paying more and more tax, you are not alone. More than one in seven income tax payers are taxed at the higher or additional rate and they pay about two thirds of all income tax.
Increasing the tax burden for higher earners has been a deliberate policy of successive governments. For instance, the thresholds for phasing out the personal allowance and the start of the additional rate tax threshold have both been unchanged since they came into force in April 2010.