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Are you saving enough for the end of your working life?
At Connected Accounting, we can help people in the St Albans area to plan for a comfortable retirement…
Most of us can remember the day we left school or university to begin our working life. However, today you may be closer to retirement than to the day you began your first job.
Throughout the 1980s and 90s people became accustomed to thinking of building savings through pension plans and individual pension policies as the key to providing an income in retirement. During those years commentators could be heard warning that people were not investing adequately for retirement. So what is the state of retirement planning today? In recent years, what some have termed the ‘pensions crisis’ has resulted in something of a conundrum, with many people either not knowing the extent of their retirement income shortfall or not knowing how to address the problem.
Your pension plan may not seem to merit your urgent attention. However, with warnings that people are still saving far too little towards retirement, the challenge is evident. Action is necessary if the state pension is not to be the major (and perhaps wholly inadequate) source of income.
If you are in the St Albans area, we can help you to determine whether you are still on track for retirement and provide advice tailored to your individual circumstances. Contact Connected Accounting today.
15 Oct 2021
A joint statement issued by 41 of the UK's trade associations has called on the government to reform business rates in order to help unlock green investment.
14 Oct 2021
HMRC has reminded self assessment taxpayers that the deadlines for filing 2020/21 tax returns are now approaching.
13 Oct 2021
Chancellor Rishi Sunak will have 'little room for manoeuvre' in this month's Budget and Spending Review, according to the Institute for Fiscal Studies (IFS).
12 Oct 2021
The Tax Faculty at the Institute of Chartered Accountants in England and Wales (ICAEW) has urged the government to use the upcoming Autumn Budget to help accelerate work on building a modern UK tax system.
11 Oct 2021
A survey carried out by the Institute of Directors (IoD) has found that three in ten businesses plan on employing fewer people as a result of the increase in national insurance contributions (NICs).
08 Oct 2021
Business groups have warned Prime Minster Boris Johnson that the UK economy is fragile and the recovery from the coronavirus (COVID-19) pandemic remains on shaky ground.
07 Oct 2021
The Institute of Directors (IoD) has called on the government to introduce a tax super-deduction to plug an investment gap in retraining.
06 Oct 2021
The Federation of Small Businesses (FSB) has warned that tax rises could threaten the UK's ongoing recovery from the coronavirus (COVID-19) pandemic.
Get in touch with us today for a fresh perspective and a free consultation.