Inevitably, it means council tax must go up - but in some places it seems, much more than others. For Windsor, Maidenhead, Birmingham, Bradford, Newham, Somerset and Trafford, the government is going further to allow them "bespoke additional council tax flexibility" which c...
But when people talk about their pensions, they’re often describing the income they can buy with their pot, as much as the pot itself. How do annuity rates work? Your provider will probably set your annuity rate as an annual percentage of the amount you spend on your annuity. So for ...
Cash ISA or Stocks and Shares ISA? Which ISA is best for you, and can you have both? Find out more with our guide. Investing for beginners If you’re new to investing, our guide aims to explain the jargon, help you decide whether a stocks and shares ISA is the right investment for...
How much will your pensions pay? What will the be average rate of inflation over the next 20-30 years? How much will your investments yield over the next 20-30 years? Will you own a home at retirement? How much debt will you have? And of course, what lifestyle will you live?
How much do you plan to spend each year during retirement?The more you spend, the more money you’ll need. How long will you need your retirement account to last?The longer you need your money, the more you’re going to need.
As such, it was a timely reminder that large concentrated exposures and correlated behaviours can strain market functioning so much that financial stability can be threatened. The counterparty channel Now let’s turn to the counterparty channel ‒ where leverage increases the risk of an entity’s...
It’s true that as the years roll by, your cost of living will rise. That means you’ll need more money to replace your income. On the other hand, as the years pass you need less insurance. Why? Because, in this example, the life insurance is only meant to replace your income to...
"It comes down to not how much money you have, but how much you spend," said Grover. "I have clients that can retire comfortably with $200,000 in savings because they have pensions, they've saved well and they're not spendthrifts. And there are people with $2.5 million d...
Add pension contributions and employer matches if pensions are a factor in your plan. Gross them up to account for tax relief. Don’t add investment income and gains. These are accounted for in the return assumptions that follow. The number you’re left with is how much you should be savi...
One useful exercise is to estimate your likely retirement expenses. You can start by adding how much you spend now, broken down bybudgetcategory. Once you leave full-time employment, some expenses will decrease or disappear (such as commuting costs), while others are likely to rise (such as...