Pensions can be complicated due to the rules and jargon associated with them; the differences between personal and occupational pensions, the rules associated with the retirement benefits, how much you can contribute to your pension and receive tax relief etc. However, the rationale for starting a pension is simple, a pension enables you to save for your retirement in a tax … [Read more...]
What is financial planning and what are the benefits of it?
Financial Planning is a process of setting financial goals and creating a strategy to achieve them. It involves assessing your current financial situation, identifying your short-term and long-term goals and developing a plan to help you achieve those goals. Financial Planning can cover a wide range of topics, including budgeting, saving, investing, managing debt, retirement … [Read more...]