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An older couple smiling and hugging at the dinner table.

Pension auto-enrolment means that if you’re employed you’ve likely been automatically enrolled into a pension and contributions are deducted from your pay. However, the minimum contributions may not be enough to secure the retirement you want, and the sooner you identify a gap, the more options you have.

The current minimum contribution is 8% of your pensionable earnings, with 5% deducted from your salary and your employer adding the remaining 3%.

In many cases, the minimum contribution levels will not

An older woman working on a laptop.

More retirees are planning to work in some way after they retire. While this flexibility can boost your income and help you strike a work-life balance that suits you, it can lead to some tax implications that you need to consider.

According to a report from abrdn, just a third of people retiring in 2022 plan to give up work completely while two-thirds will continue to work. Flexible retirement is a growing trend, in 2020 just a

Financial stock market graph on an abstract background.

The conflict in Ukraine is continuing to affect markets and economies around the world.

According to a report from the Kiel Institute of the World Economy, the war led to global trade falling 2.8% between February and March.

The effect has led to the International Monetary Fund (IMF) downgrading its global growth forecast too. In 2022, the global economy is now expected to grow by 3.6%, compared to an earlier prediction of 4.4%.

Inflation is a challenge that many countries

Teenagers in an IT class at school.

Gaps in financial education are leaving many teenagers unprepared for managing their money and becoming independent. The good news is that they’re keen to learn and recognise how important getting to grips with personal finance is.

Personal finance is part of the national curriculum. 73% of students surveyed as part of The London Institute of Banking and Finance’s Young Persons’ Money Index 2021-22 said they receive some form of financial education in school.

Yet, for many it’s

A supermarket trolley filled with groceries.

Over the last few months, you’ve probably heard a lot about inflation and the effect it can have on your cost of living. While you may be familiar with the headline figures, how is it calculated?

The key figure that you normally see is the Consumer Price Index (CPI).

In the 12 months to March 2022, according to the Office for National Statistics (ONS) data, the CPI rose to 7%. This is the highest rate of inflation

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Northfield Wealth | Independent Financial Advisers | Leicestershire
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“When money realizes that it is in good hands, it wants to stay and multiply in those hands.”

– Idowu Koyenikan –

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