Category Archives: Pension
The thought of never being able to retire was quite a laughable concept when I was growing up. It was generally accepted that adults worked until they were around 60 to 65 years old and if you were really fortunate or worked really hard, then you might even be able to retire at 50 or dare I say it, 40.
With seemingly endless press attention, we’re becoming increasingly aware of the need to save for our future, post-retirement. However, while we may be aware of pensions, few truly understand their options and how their pension savings can benefit them.
While we sometimes tend to think that young people are not as financially aware as they perhaps should be, recent research carried out by UK financial firm icount reveals that young adults in the UK may be more financially astute than they are often perceived to be, especially when it comes to thinking about saving for retirement.
I’d like to start this post by saying that I absolutely love being self-employed! Being able to choose my own hours, answer only to me and spend lots of time with my kids gives me everything I ever wanted from my working life.
Recent changes from the UK government which gave individuals much more control over how they spend and invest their pension cash has left many people with questions as to the best investment options available when saving for retirement. If you are considering taking on the responsibility of investing your own pension cash, then you will likely have come across something called a SIPP – which is the shortened name for an investment product known as a ‘Self Invested Personal Pension’.