The 25% tax-free lump sum is one of the most popular pension benefits. It feels like a one-off retirement bonus and can go towards the holiday of a lifetime, paying off your mortgage or helping children and grandchildren — but taking it all isn’t necessarily best for your finances long-term.
New year financial resolutions only work when the reasons for doing it are real. The subconscious controls your actions and the subconscious will reject any ‘wish’ as a dream, and will hijack any actions you may be considering. A resolution will be real if your why behind it is real. Now, consider your goals and what you really want to do over six months, a year and five years. Read More