Auto Enrolment Pensions

With auto enrolment in to a pension scheme now being available for most employees in the UK I thought it was time we looked at what this potential pot of money could become and will it give you enough money to live in retirement.

The UK scheme initially had a minimum contribution rate of 2% this was shared between the employer and employee at 1% each this was effective until April 2018. From April 2018 – April 2019 the minimum contribution rate is 5% with 2% from the employer and 3% from the employee. From April 2019 the final increase will take the minimum contribution rate to 8% with an employer contribution of 3% and an employee contribution of 5%. read more

Stage Six to becoming debt free and setting up for financial success

Now that we are debt free, have our emergency fund set up and have saved a good deposit for a house it is now time to start saving for the long term. For many of us the first port of call will be our employer’s pension scheme. If you are self employed then it may be wise to look at what pension options are available. This may be via a private person pension scheme, self invested pension, 401k or some other form of pension product. read more

Crash or Not be prepared 

As you may have seen from our Facebook page I have been wondering if a crash is about to hit the stock market and housing market.  At the same time there have been so many articles in the papers recently that it is unlikely that a crash is as close as I first thought.
However it is never to early to prepare. read more

Pensions

This is the main way that people need to save over the long term to provide an income when they retire. It mainly involves saving money when you first start work. If you work for an employer they may also pay some money into your retirement account.

There are two main types of pension defined benefit and defined contribution. read more