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What is a pension plan

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  • 05-08-2019
What is a pension plan

A pension plan entails retirement plans where employers contribute specific amounts of money and then paid out to an employee during retirement. A typical pension plan type is the defined benefit plan. In this type, the employer specifies typically the pension payment or the lump sum they will give to an employee on retirement. In this case, certain factors like the worker's salary, time of service, and many more determine the amount paid. Other...

Posted by:Admin on:2019-08-05 16:52:41 Read More

Is A Pension Really Worth It

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Is A Pension Really Worth It

One of the benefits of pension schemes is that, in the long-run, you will get more out of retirement than what you put in. People who save into a workplace pension not only benefit from their employer's contributions but also the tax relief that the government offers. Some people are still paranoid at the mention of pension schemes as they are afraid of losing all their money if their employer ever becomes bankrupt. While this is a...

Posted by:Admin on:2019-08-05 16:41:19 Read More

How Much Should I Put in a Pension

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How Much Should I Put in a Pension

Most UK employers are mandatorily required to put in place an adequate pension scheme and enrol all qualifying workers. However, auto-enrolment pensions work on minimum contribution levels. If you are making a monthly contribution to your retirement fund, your savings may not be enough to sustain the retired life that you envisioned. If you can afford to; start making more solid investments for a better future. Before you decide...

Posted by:Admin on:2019-08-05 16:28:38 Read More

How do I get a pension

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How do I get a pension

A pension is a sum of money for you to use to cover your basic needs once you've retired. So for you to use this "benefit" yourself later on in your life, make sure that you start saving money as soon as possible.Deciding how much money to save can be tricky. Here are some guidelines to help you:The amount of money you can you afford to put aside and saveHow many years you should save for before you retireThe amount of money you will need to...

Posted by:Admin on:2019-08-05 16:15:45 Read More

How To Buy and Sell Tracker Funds

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How To Buy and Sell Tracker Funds

Tracker funds and exchange-traded funds are investments meant to enhance the overall performance of a market index. In most cases, the market index tends to follow the entire performance of a group of investments. For instance, FTSE 100 is one of the market index examples; it comprises of one hundred companies with the highest value on the stock exchange market in London. An easy way to monitor a market is to purchase most of the securities...

Posted by:Admin on:2019-08-05 16:02:57 Read More

Investing in Stocks and Shares ISAs

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Investing in Stocks and Shares ISAs

A Cash ISA is just a saving account that you don't need to pay any tax with, whereas with a stocks and shares ISA, you are investing your money.  In the UK, everyone over 18 years of age will have £20,000 as an annual allowance for the tax year 2019-20 ending on 5th April 2020, from ISA. If you want to earn this allowance, then you can invest all of your money in stocks and shares ISA, or divide it between some other form of ISA. An...

Posted by:Admin on:2019-08-05 15:54:58 Read More

Investing a beginners guide

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Investing a beginners guide

They say the harder you work, the more money you'll have. However, in reality, it doesn't always work that way. Some people work 12 hours a day and have little money to their name; while others work less but have millions in the bank. So what's the difference? Could it be investments?Investments can be risky, as there are a lot of factors to think about. You may be scared of losing money, or you don't know where...

Posted by:Admin on:2019-08-05 15:39:44 Read More

Tips for investing

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  • 05-08-2019
Tips for investing

Funds investment is a collective investment and is a safer way to invest, especially for beginners. As with all investments, there is a risk but compared to savings; it can be profitable if you get it right. The collective investors will be able to work in partnership with any losses they encounter, whereas solo investors would have to deal with a substantial loss by themselves. This is why fund investment is the safer option. Fund investment...

Posted by:Admin on:2019-08-05 15:32:48 Read More

Understand The Basics Of Investing

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Understand The Basics Of Investing

As long as you keep your money in a piggy bank and keep it in a secure place, your money is safe. After days, weeks, months, or even years, the piggy bank will have the same amount of money you saved, as there is no interest added on. What's even worse, the value of the money you have saved will depreciate over time, as the cost goods and services rise. This rise and fall of the value of money, goods, and services are known as inflation.Here...

Posted by:Admin on:2019-08-05 15:13:10 Read More

How much does a financial advisor cost

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How much does a financial advisor cost

Decisions involving money are often sensitive, particularly when it comes to investments and pensions. Things get even trickier when you are retiring because it's a time when financial mistakes aren't tolerable. To save yourself the trouble of dealing with all this pressure, it makes sense to seek help. No one fits this role better than an independent third party financial adviser. Of course, their services will come at a cost, but...

Posted by:Admin on:2019-08-05 12:30:04 Read More

What is a financial adviser

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What is a financial adviser

A financial adviser gives advice on different financial products to find the best-suited one for their client. Although their advice comes with a fee, they are essential when it comes to investing a substantial amount of money into the financial product, or intending to buy a complex product. A financial adviser helps you to save money by giving you a clear guideline on the best deals you can get and can provide you with a plan for the safety...

Posted by:Admin on:2019-08-05 12:29:51 Read More

When to pay for financial advice

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When to pay for financial advice

Gone are the days when a retirement plan involved, purely, saving as much money as you could into a pension scheme. Four years ago pension reforms took place, making it possible for pensioners to exercise flexibility with their pension funds. Even with the new provision, a majority of pensioners maintain their pension portfolio and continue to top up by saving even more.Over the past twenty years, there have been campaigns and efforts pushing...

Posted by:Admin on:2019-08-05 12:19:59 Read More

When should you hire a financial advisor

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When should you hire a financial advisor

Having a financial adviser on your side is beneficial, but knowing when to make that investment is a critical step for planning your financial future. When deciding whether to hire a financial planner, you need to consider the costs, what you hope to get in return and the different types of investments so that you can make an informed decision. Several complex financial products on the market would greatly benefit from having a financial planner...

Posted by:Admin on:2019-08-05 12:06:19 Read More

What is Auto-Enrolment of a Pension

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What is Auto-Enrolment of a Pension

An auto-enrolment pension plan is a type of retirement plan in which employers enrol their employees automatically into a pension scheme where they contribute a particular amount of their wages/salary. In the UK, most working citizens are enrolled in workplace pension plans immediately when they get their job. However, the employees are given one month to opt-out if they are not interested in joining the pension scheme.To opt-out, the employee must...

Posted by:Admin on:2019-08-05 11:35:45 Read More

Choosing A Financial Adviser

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Choosing A Financial Adviser

Choosing a financial adviser can seem challenging, but if you need financial assistance then it's worth the effort to find the right one. A reputable financial adviser will not only save your money but also help you get over at worries you may have. When looking for a trustful financial adviser, figuring out what kind of advice you need is crucial. Are you searching for information on how to use pension pot, planning for long-term care...

Posted by:Admin on:2019-08-05 11:24:20 Read More