We have written previously about how it’s become common for employees to exchange part of their salary and/or bonus for increased pension contributions. We previously discussed how this way of saving for retirement may be more attractive than simply contributing as an employee. Attractions of salary sacrifice When an employee pays contributions from their after-tax
Read more
Many analysts are making predictions about the markets and the economy. However, it’s essential to be aware of the limitations of these predictions before making any decisions. The Psychological Urge for Predictability: People tend to rely on market predictions because they prefer certainty over uncertainty. This desire for order and control results from our cognitive
Read more
Since the introduction of pension freedoms in 2015, death benefits have become more generous, particularly if the member passes away before age 75. This entailed tax-free benefits and the option to keep the money in a tax-free pension wrapper. What’s changing from April 2024? Last year, draft legislation to remove the Lifetime Allowance (LTA) suggested
Read more
At the beginning of last year, things were pretty shaky for the economy and global markets. After a rough 2022 with negative returns, the overall mood among investors wasn’t great. Now that the year is over, let’s see what we can learn from 2023. It is crucial to be patient during times when the markets
Read more
