retirement age Archives - Philip J Milton & Company Plc https://www.miltonpj.net/tag/retirement-age/ North Devon's Leading Wealth Managers Thu, 28 Mar 2024 14:29:52 +0000 en-GB hourly 1 https://wordpress.org/?v=6.9.1 https://www.miltonpj.net/wp-content/uploads/2018/02/PJMCO-Site-Image-4-100x100.png retirement age Archives - Philip J Milton & Company Plc https://www.miltonpj.net/tag/retirement-age/ 32 32 Happy Easter musings and the financial markets https://www.miltonpj.net/2024/03/28/easter-wishes-and-the-financial-markets/ Thu, 28 Mar 2024 14:29:50 +0000 https://www.miltonpj.net/?p=11115 My apologies for another eshot so soon but I wanted to take this opportunity to wish you a very Happy Easter. The time has crept-up upon us quickly this year, to a special time when too many parts of the world are quite broken and without easy resolution. Let us reflect upon those whilst at […]

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]]> Dreadful Gaza war and market reaction https://www.miltonpj.net/2023/10/25/dreadful-gaza-war-and-market-reaction/ Wed, 25 Oct 2023 13:15:05 +0000 https://www.miltonpj.net/?p=10896 What awful atrocities are happening in Israel and Palestine. Our sympathies go out to all the innocent people and their families affected. Hamas’s action is evil and no protest deserves what it has done, regardless of any ‘excuses’ about its lands and people. The conflict pushed the oil price back up and on Monday, unless […]

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]]> State Pension set to see 8% rise if ‘triple lock’ promise holds https://www.miltonpj.net/2023/08/23/state-pension-rise-triple-lock/ Wed, 23 Aug 2023 09:00:00 +0000 https://www.miltonpj.net/?p=10823 Millions receiving the State Pension could receive a ‘bumper’ rise yet again next year due to rising wages. Due to the ‘triple lock’, experts are predicting the annual State Pension could increase by up to £879 in April, 2024. This means pensioners would receive around £11,500 a year and the maximum flat rate State Pension […]

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]]> How much do you need for a ‘comfortable’ retirement? https://www.miltonpj.net/2023/08/03/how-much-do-you-need-for-retirement/ Thu, 03 Aug 2023 14:00:36 +0000 https://www.miltonpj.net/?p=10782 UK residents need at least an extra £26,000 in addition to their State Pension to live a ‘comfortable’ lifestyle during their retirement, according to recent data. The research was carried out by Standard Life, which used the MoneyHelper annuity tool from www.moneyhelper.org.uk to work out how much people would need in their pension pot to […]

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]]> Replacing your State Pension could cost a fortune https://www.miltonpj.net/2023/07/26/state-pension-equivalent-cost-to-replace/ Wed, 26 Jul 2023 10:00:00 +0000 https://www.miltonpj.net/?p=10778 Recent news the State Pension booster scheme has been extended until 2025 is very welcome, but did you know it could cost you a small fortune to replace the full State Pension if you’re not eligible for it? Data from sharingpensions.co.uk published in June has shown it would cost just over £205,430 of pensions savings […]

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]]> Kinder markets and when to move? https://www.miltonpj.net/2023/07/25/kinder-markets-when-to-sell-shares/ Tue, 25 Jul 2023 10:17:18 +0000 https://www.miltonpj.net/?p=10767 I took a couple of days’ break to attend our Daughter Esme’s graduation and the markets were good to us and there’s now one more NHS Doctor. Perhaps I need to take more time away if it helps so many of our investments rise in value…! It is interesting however – we try our hardest […]

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]]> State Pension booster scheme extended – but not forever https://www.miltonpj.net/2023/06/23/state-pension-booster-scheme-extended/ Fri, 23 Jun 2023 14:14:28 +0000 https://www.miltonpj.net/?p=10713 Pensions are back in the headlines again with the news the deadline to ‘boost’ your State Pension by as much as £55,000 has been extended. The booster plan from HMRC gives people the opportunity to buy the equivalent of up to 10 extra years’ of state pension if they have gaps in their National Insurance […]

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]]> What is the cost of retirement? https://www.miltonpj.net/2023/03/08/cost-of-retirement/ Wed, 08 Mar 2023 15:12:30 +0000 https://www.miltonpj.net/?p=10472 Have you considered how you will manage when you retire? Unfortunately, many people don’t and a recent study has shown the amount needed to have a ‘comfortable’ retirement is increasing. According to data from the Pensions and Lifetime Savings Association, the minimum cost of retirement is up by about 20% from 2021 to 2022. That […]

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