2022 will be an important year for members of the NHS Pension Scheme to complete a ‘health-check’ of their membership.
Firstly, that’s a great question. The simple answer is that you can retire when you have adequate wealth to do so. This can be a mixture of pensions, savings, investments, and property.
Investors need to keep a calm head in the light of market volatility caused by the Ukraine crisis, says Robin Carnaby, director at Lovewell Blake Financial Planning
After two years of uncertainty due to Covid, most of us hoped that 2022 would bring a little calm and stability to the world. As we now know, world events have rather overtaken this wish, and once again we are plunged into a time of uncertainty and turmoil.
It’s never too early to start teaching young people about money, says Trazer Farnese of Lovewell Blake Financial Planning.
The first Review of State Pension age was undertaken in 2017 but the government has now launched a second pension age state review, which will consider whether the increase to age 68 should be brought forward to 2037-39.
For pensions, the Lifetime Allowance (LTA) is the overall limit of pension funds a member can accrue during their lifetime, and which will benefit from favourable tax treatment before an LTA tax charge applies.
Over the last few days, tension has intensified between Russia and Ukraine. We wanted to take some time to position what’s happening between the two countries and what this could mean for investors.
In conjunction with Matthew Harrington, financial adviser for Lovewell Blake Financial Planning.