Planning for the road ahead

Gen Z’s caring nature supporting both themselves and loved ones

Younger generations deserve much more credit for planning ahead and beginning to think about retirement when it will still feel so far away for them, according to new research[1].

Minimum pension age on the up!

Increase intended to align with the raising of the State Pension age

One of the less publicised pension changes being planned is the raising of the Normal Minimum Pension Age (NMPA) from 55 to 57. This is to be effective from 2028 and will be included in next year’s Finance Bill. The NMPA is the age that you can usually first access pension benefits without incurring penal tax charges.

What should investors consider in the New Year?

Your opportunities. Your wealth. Your legacy.

Part of the process of putting in place a successful personal lifestyle financial plan is to understand your ‘number’ – in other words, the amount of money you’ll ultimately need to ensure complete peace of mind in knowing your future lifestyle is secure and making sure you don’t run out of money before you run out of life.

Remember, an unwritten goal is just a wish

Think about your goals for this coming year – what do you want to accomplish?

Goals help us understand what areas we need to focus on, provide a framework for action planning, and give us a sense of accomplishment as we work toward achieving them. Sometimes it’s hard for us to imagine the future we want because we are so busy trying to get through the day.

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