by SJB Global | May 16, 2022 | Pensions, Retirement, Savings
When it comes to saving for retirement, Brits aged 35-54 are caught between a rock and hard place. They’re too young to have benefitted from defined benefit pensions, but may be enrolled into auto-enrolment, which usually happens mid-career.
This has led them into what’s called “the squeezed generation” when it comes to how much they have managed to put aside for when they retire.
With nearly half of UK workers unaware that their occupational pension will provide them with an income in retirement, now is the time for everyone to plan better.
by SJB Global | Apr 10, 2022 | Retirement, Savings
When it comes to planning for retirement, there are a few key things you need to keep in mind. First, you need to make sure you have enough money saved up to cover your costs. This includes everything from your mortgage or rent payments to your food and utility bills. Next, you need to think about how much income you will need to cover your retirement expenses. This will vary depending on your lifestyle and where you plan to retire.
by SJB Global | Mar 31, 2022 | Investments, Markets
The global economy is on the upswing, with most central banks hiking interest rates in an attempt to tackle inflation. Inflation is much higher than the savings rate at the moment, meaning savers are losing money to inflation every day. Investors are forced to take risks just to keep up with inflation.
by SJB Global | Mar 22, 2022 | Regulations, Retirement, Tax, UK
Hearing about the Spring Budget or Statement? You’re not alone. The finance sector is always on edge when it comes time for these statements, as people know that there will be some sort of new tax law soon which may have positive or negative consequences. This year might seem like an exception though – with little information released so far by HM Treasury and none since Rishi Sunak spoke at length before his Autumn 2021 Budget Address last month! With the cost of living going up and little sign that things will improve anytime soon, many people are wondering what measures might be taken by Chancellor George Osborne to help ease their pain.
by SJB Global | Mar 16, 2022 | Investments, SJB Service, Tax
At least I’m relieved that the Spanish-compliant investment bond came to my rescue! It appears that each country’s tax code has various methods for getting rid of our money. They also provide means for us to legally avoid paying taxes, as long as we buy the proper financial investments.
