Posted on: 14 Sep, 15
We accept that planning for the future means making conscious decisions now, and rather than always being preoccupied with day-to-day events, it’s important to take a step back and look to the bigger picture. We hope the articles featured inside this issue provide you with a perspective on some of the areas you may need to consider in the present to ensure that your future is what you desire.
Anticipated inheritances often don’t materialise. But one in three working Britons (35%) are still relying on an inheritance in order to achieve a stable financial future. The reality is that many could be in for a big shock. On page 06 we look at findings from a study released by LV= that shows millions are banking on an inheritance to provide them with financial assistance, and with this cash windfall often key to their retirement plans. Without the right advice and careful financial planning, HM Revenue & Customs could become the single largest beneficiary.
Most home buyers purchase life assurance when they arrange a mortgage, but many overlook another form of financial protection that they are potentially more likely to need prior to retirement. Critical illness cover, also known as critical illness insurance, covers specified serious illnesses and provides a tax-free ‘lump sum’ that could be used to help pay for your mortgage, liabilities or alterations to your home such as wheelchair access should you need it, but ultimately it’s your choice how you use it. Turn to page 03 to find out more.
Changes to the pension rules are creating new opportunities for scams. On page 11 we consider the importance of being cautious of anyone approaching you with advice on how to invest your pension. Almost one in ten pensioners has been targeted by financial fraudsters since their retirement.
The full list of the articles featured in this issue appears opposite.
We hope you enjoy reading this issue and find it informative.
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