Video: pension drawdown explained

Income drawdown is a method of using your pension fund to provide you with a regular retirement income, which has become more popular since the pension freedoms came into effect. Here at Charters Private Wealth, we believe it’s more important than ever in 2018 for you to research your retirement…

Cutting through the noise—how does a financial planner help?

‘Warnings of market correction ahead’; ‘The bubble’s burst’; ‘The stock market is crashing’; ‘Not seen such market volatility since the 1987 crash’; ‘Stock market closing at an all-time high’. Don’t be concerned, these are just samples taken at any point in time. But you know what it’s like—you open a…

The pros and cons of downsizing

If your kids have grown up and flown the nest and you’re moving closer to retiring, it’s likely that you’ve at least thought about downsizing your home. For some it can be for practical reasons, for others it might be a wish to be closer to their children if they’ve…

Taxes set to increase for baby boomers?

New research has suggested that those in the baby-boomer generation should be ready to pay higher wealth taxes in order to pay for healthcare expenses likely to rise sharply in the near future. According to think tank the Resolution Foundation, this could indicate the end of the tax cuts in…

Four saving habits of millionaires

There are no certainties or easy wins when it comes to attaining self-made millionaire status. However, it can’t hurt to look at the financial habits of those who’ve achieved just that to try and build up your own resources. Here are our top tips from observing those who’ve become millionaires…

Four ideas for keeping your books in order in 2018

Whether you’re the kind of person who prides themselves on having their accounts in order every year, or you’ve just had yet another eleventh-hour rush to submit your tax return before the deadline at the end of January, the beginning of a new calendar year is a fantastic time to…

Hints that interest rates may rise

Data issued at the end of January showed that the final quarter of 2017 saw the economy grow by 0.5%. The Bank of England has now hinted that the speed of interest rate rises could accelerate if the outlook stays positive. While Mark Carney and his colleagues voted to keep…

How to combine retirement, job satisfaction and work/life balance

Two of the main fears faced by employees when they reach their 50s and 60s are those of getting job satisfaction and a work/life balance. Recent studies have offered fresh insight into the reasons behind these issues and the best ways to deal with them. One study carried out by…
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