Posted by siteadmin on Monday 9th of October 2017
When it comes to keeping our tresses looking their best men spend £364 per year on cuts colour, shampoo, conditioner and styling products. Women spend more than double at £751 per year. With an average cut being £18.50 for men and £42.63 what can be done to save money on your new do?
Opt for a dry cut – save on the cost of washing and drying
Check your options - a senior stylist will cost more than a newly qualified or senior stylist
Go on a weekday – Or try and get a cancellation gap. Some salons will offer a lower rate for those who can...
Posted by siteadmin on Monday 24th of October 2016
The search for a reliable retirement income
The April 2015 pensions changes scrapped compulsory annuities, giving pensioners greater choice over how to take their retirement income.
In principle, this historic change to UK pension legislation opened up a range of investment opportunities. With increased control of their pension, investors can seek to position their portfolios to deliver the income required, while retaining – and perhaps even growing – their invested capital.
Generating income in a low interest-rate environment
Posted by siteadmin on Friday 15th of July 2016
In April 2015 the government introduced the most significant pension reforms for a generation.
The reforms give people who’ve worked and saved hard greater flexibility over how and when they access their pension savings and mean anyone reaching retirement age has been able to withdraw some, or all, of their pension (subject to tax on everything above the first 25% they take out).
Lamborghini sales unaffected
A year on and figures suggest over 230,000 people have accessed more than £4.3 billion from pension funds. The average withdrawal ...
Posted by siteadmin on Saturday 6th of February 2016
AEGON’s latest annual retirement readiness survey highlights the challenges faced by homemakers when it comes to retirement and reinforces the importance of advice when it comes to financial planning.
The survey identifies homemakers as typically women, aged between 18 and 44, and are likely to be reliant on a partner or spouse for their income while they raise the children and keep the home.
Mind the gender gap
The role of women as homemakers impacts on their ability to earn, but even when they are in work, women are paid, on average,...
Posted by siteadmin on Friday 9th of October 2015
“How much do I need for my retirement” is arguably one of the most serious questions facing a working-age adult. The answer ultimately depends on two questions. When do you want to retire and what kind of retirement do you want to have?
Planning Your Retirement
If you want to retire at 55 and spend the rest of your life cruising the world on your private yacht, you’re going to need a whole lot more money than if you want to retire at 75, downsize your house and spend the rest of your life writing, painting and gardening. Therefore step one...
Posted by siteadmin on Tuesday 6th of October 2015
For many of us, financial uncertainty seems to be a key feature of life; saving and investing for the future in a time of low interest rates has become immensely challenging.
Many people who have accumulated savings, inherited money or wound up with a significant sum to invest, look instead to the buy to let property market in order provide for their futures.
In this blog post we will explore the best ways of ensuring that buy to let properties can provide for you and your family in retirement.
The golden years
In the decade between 1997...
Posted by siteadmin on Friday 2nd of October 2015
Saving for a rainy day is what lets you buy an umbrella to keep you dry until the rain passes. Alternatively you may be saving with a specific goal in mind, for example to buy a house. Like many aspects of life, your saving needs and habits may change as time goes by.
If you are on the younger side, you may be looking at paying for your wedding, putting together a deposit on a house or planning for the costs of having children. If you are on the older side, then you may already have passed the bulk of life’s financial milestones. Instead yo...
Posted by siteadmin on Wednesday 30th of September 2015
Posted by siteadmin on Tuesday 29th of September 2015
Most mortgage borrowers aim to make sure their home loan is paid off by the time they retire. The idea of repaying a mortgage without the regular income that a salary brings is not an attractive option for many.
Banks, as a rule, tend to be wary of offering mortgages to older borrowers, knowing that there is less time in terms of prime earning years for the mortgage to be repaid in.
However, there are some lenders who now offer mortgages to older borrowers and whilst few people actively plan to pay a mortgage at the end of their lives, for...
Posted by siteadmin on Friday 25th of September 2015
Your current home may well be the place where some of your happiest memories were created. Realistically, however, downsizing may be an excellent way of financing many more. Here are some points you should consider on the topic.
Why should I downsize my home?
Home may be where the heart is, but property has a financial value. There are various schemes which make it possible to release equity in property while you continue to live in it. These each have their advantages and disadvantages and you would need to do your research thoroughly to ...