The penny has dropped. Almost six years after originally laying out plans to increase the pension age, the UK government has finally confirmed that it will put the necessary legislation in place. To be clear, we are not talking about the state pension age […]
When it comes to stock market investing, it’s pretty easy to figure out your expected returns. This is especially true if you are young and hold a 100% equity portfolio. Simply take the expected nominal long-term return. Historically, it has been somewhere in the […]
When I first moved to the UK about ten years ago, I remember being mightily confused by the concept of a self invested personal pension, also known as a SIPP. I ended up parking my mental questions on the topic when I had realized […]
The end of yet another tax year on April 5th is almost in our sights. As ever, it is a good time to be taking care of some financial housekeeping. And for most people, this inevitably means making the most of their workplace pension […]
Say what you want about this wonderful government of ours, but when it comes to workplace pension schemes, it certainly has been on the ball. The mandatory enrolment, minimum employer contributions and generous tax breaks make UK pension schemes an incredibly effective wealth-building tool. […]
Taking full advantage of salary sacrifice schemes is a fantastic way to accelerate your path to financial independence. After all, it is one of the few legal options we have to minimize the amount of tax we pay and maximize our take-home earnings. The […]
If you look across the pond, it’s clear that becoming a dollar millionaire simply doesn’t hold the same allure that it used to. Cost of living increases, especially in housing and education, have eroded the real purchasing power of a million dollars. At […]
Note: this is a continuation of a previous post I did on maximizing the value of your pension pot. If you haven’t read it, it may be a good place to start. It covers off some easy pension hacks everyone should know. If you […]
Today, let me ask you to suspend your disbelief while I tell you a little story. Thirty-four years ago, three good friends moved to London. They had all just graduated from the University of Bristol and were drawn in by the big city lights, […]
If you have read this and this then you know that contributing to a workplace pension scheme is one of my favourite wealth-building strategies. I have been focused on growing my pension pot for the better part of the past decade. As a result […]
If you are truly focused on becoming wealthy, the best way to go about it is to look at what others have done to get there and follow their strategy. In the case of UK’s wealthiest people, it seems that building up their pension […]
About a year ago, I changed jobs and left my old employer for a competitor. The place I used to work at had a pretty decent pension plan with a generous baseline level and good employer matching program. There are few things I like […]
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