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Our useful guides to help you manage your money  

May 2022 



Are you fed up with your nine-to-five? There are many factors that can influence when someone decides to retire. For some, it may be based on health reasons, while others may want to take advantage of government benefits or simply enjoy a more relaxed lifestyle. However, one of the most common factors that determines when people choose to retire is their age. On page 10 we look at what is the most popular age to retire early. New research reveals the key steps people have taken to embrace early retirement and examines the costs and benefits of doing so.Most taxpayers started to see their tax bills increase from April 2022. As we move into the new 2022/23 tax year, now is the time to review your tax affairs to ensure that you have taken advantage of all reliefs available and have considered some planning opportunities to help reduce your tax liabilities.
On page 04 we explain what changed at the beginning of the 2022/23 tax year, and what you need to be aware of.Any of us can fall victim to a scam. Scams are increasingly common and many people are caught out. They can be very distressing, and the impact is often emotional as well as financial. If you’ve been the victim of a scam, remember that you’re not alone. Turn to page 09 to read how increasingly scammers are relying on our psychological biases to trick us into handing over important data, financial information and our money.
The days of working for a single employer for your entire career and retiring with a comfortable pension are largely gone. The responsibility for accumulating a retirement nest egg now rests with individuals as opposed to their employers. Saving enough for retirement is challenging for many people, but an era of changing demographic trends, such as increased longevity and delayed marriage, can make this journey even more difficult. Read the full article on page 12. 



A full list of the articles featured in this issue appear below:

  • Tax in uncertain times - Key financial changes that have affected millions of people from April
  • Passing on wealth to the next generation - 30 million parents want to leave wealth in their Will
  • More Britons insure their homes than their lives - Ensure your financial security for when you might need it most
  • Dealing with divorce - Revolution in family law finally removes the need for blame as a basis for divorce
  • Scammers’ ‘socially engineer’ victims - 17% increase in suspicious or scam-related activity
  • Gender pension gap widens - Women have lower pension pot sizes in every age bracket
  • Retirement nest egg - Nearly a half of over-50s regret not saving into their pension sooner
  • Private wealth - Millions struggle to understand their most important source of income in retirement
  • Millions of midlifers are propping up their families - Impact on work, wealth and wellbeing putting further pressure on age group
  • ‘Home is my Pension’ generation - 22% rise in people using property to support their retirement
  • Protecting family wealth - What will your legacy look like?
  • Building an investment portfolio - 4 steps for future wealth creation in your mid-20s to mid-30s
  • How to cope with the rising cost of living - Nine in ten adults make stark spending decisions as anxiety runs high
  • Love and money - Couples reveal they’re poles apart
  • Where there's a Will - 20% of 18-24-year-olds emerge as Will makers
  • Discussing inheritance with your heirs - More than half of UK adults haven’t discussed the subject
Need further guidance to help chart your financial path through life?​ We know you’ll have different priorities for your wealth at different points in your life. Whatever your financial aims, we can help you achieve them. For more information or to discuss your situation, please contact us. We hope you enjoy reading this issue.

Time to take stock of your current financial position? Your goals and ambitions are unique to you and we want to help you get there to discuss how we can help, please contact us.
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