For many people in 2020 life has felt very out of control. Bringing clarity and a sense of order to your wealth and finances, therefore, is a great way to bring stability and peace of mind to your situation. Here at Elmfield, our financial advisers in Padiham, Burnley, Lancashire offer some thoughts on how to set strong financial goals which move you in a positive direction.
Some people are fortunate enough to happen upon wealth. For many of us, however, they have carefully built up their savings, investments and assets over many years and want to make good decisions about how to look after them. Especially as you look ahead into retirement where they will play an important role in sustaining your lifestyle; and then even…
The question of what to do with your 25% tax-free pension lump sum has come into sharper focus in 2020. In stable times, this is a big decision given the vast sums involved and the impact upon your nest egg. Yet since the COVID-19 pandemic and subsequent volatility in the stocks markets, many pensions across the UK (which are typically invested in them) have taken…
Divorce is not unheard of in later life and, in fact, the figures suggest that it is growing more common. According to the Office for National Statistics (ONS), 7,468 marriages comprising over-65s ended in 2004, with the figure rising to 10,937 in 2014. Whilst money can sometimes be far from people’s minds during the divorce process, it’s crucial to not neglect your financial interests – especially with regards to your pension.
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