In a bid to encourage early retirees back to work, chancellor Jeremy Hunt unveiled several changes to pension allowances during the Budget. The announcements could mean you’re able to save more in your pension and boost your retirement income.

Estate planning is an important part of your financial plan. Not only does it ensure your assets are passed on to who you wish and considers areas like Inheritance Tax (IHT), but it could provide you with peace of mind about your future too.

It’s great news for individuals who want to save for their retirement.  There has been a limit to the amount of pension savings you can make and still keep the tax benefits.  This is called the Lifetime Allowance (LTA).  The chancellor has announced the LTA will be scrapped. There were rumours before the budget that the allowance would be raised, potentially to £1.8m but it was a surprise that they were completely scrapped.

Parker Financial Advice Ethical is committed to being a responsible investor. We define responsible investment as incorporating environmental, social and governance (ESG) factors in investment decisions and active ownership.

If your retirement is approaching and you have not yet prepared, now is the time to act quickly to receive the retirement you deserve.

Retirement can be a time of significant change; you will no longer be working, and you will have way more time in your diary.

When you think of retiring early, you think of financial freedom and being able to enjoy your life while you are still physically fit without the stress of work.