An annuity converts pension savings into a regular income, providing financial stability in retirement. Annuities deliver guaranteed income, ensuring that retirees do not outlive their savings. Unlike drawdown pensions, which depend on market performance, annuities offer peace of mind through predictable payments. But should annuities be included in your retirement income strategy? The answer depends…
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Research indicates that the current life stage of Millennials (those in their late 20s to early 40s) is significantly impacting their future retirement plans, as short-term financial priorities take precedence[1]. The study, which surveyed 4,000 UK adults, reveals that six in ten (59%) Millennials are struggling to save for retirement. In comparison, 48% of Generation…
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Recent data highlights a growing concern about the affordability of care and the maintenance of independence in retirement. Research has shown significant worries among UK adults regarding how they will finance care needs and medical expenses in later life. According to the findings, more than two-thirds (67%) of adults in the UK are extremely concerned…
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As we are now a few months into a new tax year, in this article, we look at why you should consider maximising your savings potential. With new tax allowances available and another year to benefit from tax-efficient savings, now is the ideal time to organise your finances. Acting early can help you maximise your…
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Millions of UK adults are approaching retirement guided more by intuition than by careful planning, according to recent report findings[1]. The research reveals that one in six people (16%) rely on gut instinct to determine how much they will need for a financially secure retirement. Alarmingly, nearly two in five (39%) have not calculated their…
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Our August financial guidance factsheets are available to download below. Each one focuses on a different financial aspect to help guide you when setting and reaching your financial goals. If there is anything you are unsure about, or would like further information please contact your local Truly Independent Adviser to arrange your free consultation.
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Making the most of your pension savings requires understanding your options and planning carefully for the future. If you have a defined contribution pension, a key feature to consider is the ability to withdraw tax-free money. This can provide a valuable financial boost, whether you plan to use it for immediate expenses, long-term investments or…
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Planning for retirement is one of the most important financial decisions you’ll face in your lifetime. With many factors to consider, including income needs, inflation, investment strategies and unexpected life events, it’s easy to feel overwhelmed. Remember, the best way to foresee your future is to prepare for it now. How can you ensure you…
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It is easier than many people realise to lose track of an old pension pot. Changes and milestones in life, such as starting new jobs, moving houses or even changing your name, can make it challenging to keep track of your retirement savings. It is estimated that £26 billion in unclaimed pensions awaits reunion with…
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The July/August edition of TIPS Magazine is now available! Filled with insightful articles, industry updates, and financial topics, TIPS Magazine explores a variety of subjects that matter to you. From planning for the future and understanding market trends to staying informed about key financial considerations, each issue is designed to keep you engaged and up…
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TRANSFERRING WEALTH TO THE NEXT GENERATION Transferring wealth to the next generation is one of the most important financial decisions you will make in your lifetime. The assets you have carefully built over the years – whether they are property, investments, savings or sentimental items – are a testament to your hard work and dedication.…
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The first quarter of 2025 has been anything but steady for global markets. With the arrival of President Donald Trump’s new administration in the United States, economic tensions have surged worldwide. Global stock markets have been left rattled as sweeping tariffs, intended to bolster the American economy, were introduced. However, while these measures may aim…
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