My Retirement

08/01/2024

Want to find out how much you've saved already?

You can use our pension calculator to help you understand how much your pension funds might be worth by the time you retire. They even work out any extra you need to save to reach your target.

https://www.myretirement.co.uk/tools-guides/pension-calculator/

29/12/2023

Retirement is a time to relax, travel, and enjoy the fruits of your labour. But before you can do all that, you need to make sure you're financially secure. That's where we come in. We offer a variety of retirement planning solutions to help you reach your goals.

Contact one of our pension planning experts today: https://www.myretirement.co.uk/get-in-touch/

25/12/2023

We'd like to wish everyone a Mery Christmas and a Prosperous New Year! 🎄🎅

From us all at , we hope you have a wonderful festive break and look forward to seeing you next year!

21/12/2023

If you have already started saving for retirement, this handy calculator will help you identify any shortfalls, making sure you reach the retirement you want...

https://www.myretirement.co.uk/tools-guides/pension-shortfall-calculator/

18/12/2023

What are your plans for retirement?

Whether you’re looking forward to enjoying some well-earned free time and flexibility, new hobbies, or simply spending more time with the family, being prepared financially ahead of retirement is more important than ever – and this is where great advice starts to pay off!

https://www.myretirement.co.uk/tools-guides/enjoying-your-retirement/

15/12/2023

Sometimes known as a nomination form, an expression of wishes allows you to designate one or more beneficiaries whom you would like to inherit your pension pot.

A will might not be enough to ensure your benefits go to the right person, so reviewing your expression of wishes every year when you get your annual pension statement is a good habit to get into!

Should update and designate one or more beneficiaries you would like to inherit your pension pot when you die

13/12/2023

Haven’t heard of the 60% tax rate? Don’t worry, you’re not alone!

The 60% tax rate isn’t an official rate of Income Tax, and as a result, isn’t mentioned in any legislation. It comes from the tapering of the personal allowance when your income goes over £100,000. It affects anyone earning between £100,000 and £125,140, since the Additional Rate tax band changed on 6 April 2023.

Find out more on the 60% tax trap and how you can avoid it here:

It is well known that the UK tax system is complicated. One of these pitfalls is the ‘hidden 60% tax rate’. If you haven’t heard it, don’t worry, you’re not alone!

04/12/2023

When was the last time you checked on your retirement savings?

Our advice is totally independent and provided by our expert term of chartered financial planning consultants. We'll look at your unique circumstances, understand where you want to be and then help you put the right plans in place to achieve those goals.

Get in touch today for a free retirement conversation 👉 https://www.myretirement.co.uk/get-in-touch/

27/11/2023

Is there a limit to what I can pay into a pension?

Yes and no! You can technically pay in what you like. However, the real attraction with pensions is the generous tax relief you receive on your contributions. It’s here where there is a limit to the amount you can pay in whilst still attracting this benefit, and many providers will cap your payments in at this level to avoid any issues with HMRC and adding too much tax relief.

To figure out the best plan of action for your pension, please get in touch with our retirement experts: https://www.myretirement.co.uk/book-a-call/

23/11/2023

Divorce is never an easy subject to talk about. Although important and necessary, the fair and legal separation of your assets and savings makes an emotional time even more stressful.

We've put together this article to ensure you are well-informed if you find yourself in this position and to help keep your retirement savings on track.

https://www.myretirement.co.uk/pension/how-your-divorce-could-impact-your-pension-and-retirement-plans/

Divorce can have significant implications for your pension. Learn about how pensions are divided during divorce, the potential impact on your retirement income, and steps you can take to protect your financial future.

15/11/2023

The best way to understand tax relief is to see it in action!

Our tax relief calculator is a handy way to figure out how much that will actually get put into your pension when you contribute an extra sum.

Remember, you are only allowed to contribute tax efficiently up to as much as you earn, and a £40,000 annual allowance applies to most people.

https://www.myretirement.co.uk/tools-guides/tax-relief-calculator/