INTRODUCTION

MISTAKES TO AVOID WHEN BUILDING YOUR PENSION POTENTIAL

Many people are currently feeling financial strain as a result of rising inflation and sky-rocketing living costs. It can be difficult to think about your long-term finances or even consider saving for the future in these circumstances. You may not want to talk about your pension plan every day, but thinking of pensions as boring is a mistake that becomes more serious over time.

Even in today’s environment, there are ways to maximise the value of any pension savings you do have. By avoiding seven common mistakes, you can take your retirement planning to the next level and reduce the risk of running out of money later. This weeks upcoming blog articles will look at the simple rules to follow when planning your retirement as well as the mistakes to avoid.

Please contact us for more information on how we can help protect your future financial well-being and the options available to you.

A PENSION IS A LONG-TERM INVESTMENT NOT NORMALLY ACCESSIBLE UNTIL AGE 55 (57 FROM APRIL 2028 UNLESS PLAN HAS A PROTECTED PENSION AGE). THE VALUE OF YOUR INVESTMENTS (AND ANY INCOME FROM THEM) CAN GO DOWN AS WELL AS UP WHICH WOULD HAVE AN IMPACT ON THE
LEVEL OF PENSION BENEFITS AVAILABLE. YOUR PENSION INCOME COULD ALSO BE AFFECTED BY THE INTEREST RATES AT THE TIME YOU TAKE YOUR BENEFITS.