SalisburyHouseWealth

At Salisbury House Wealth, we help our clients make financial decisions with confidence. Pensions, mortgages and investments. website

[SalisburyHouseWealth @SHWealth]

At SHW we have been working on some new exciting projects, one of which is our very own TV Advert, we think it looks great and are pleased to announce it is now live across both Sky and Virgin Media.

https://t.co/mMiJSudO1g

[SalisburyHouseWealth @SHWealth]

Number of over 70s in work has increased 6% to 481,000. For some, working past #statepension age is necessary to top up their #pension income. This highlights the importance of saving early on for greater flexibility during #retirement. More from us here: https://t.co/OgHIQ8BiT1

[SalisburyHouseWealth @SHWealth]

#FCA stats show the number of #ISA products sold jumped 79% to 388,000 last year. With record low #interestrates should savers be wary of putting too much money in cash ISAs? More from us: https://t.co/H0ZYtqxQA1

[SalisburyHouseWealth @SHWealth]

New data shows #GenX represents 38% of all UK personal #pension contributions - the highest across all age groups. Read more from us: https://t.co/AfBZjNq5pq #retirement

[SalisburyHouseWealth @SHWealth]

Around 10,500 individuals were ordered to share their #pensions in divorce settlements last year. Pensions are becoming an increasingly important #asset, second only to the family home. More from us in the Daily Telegraph, Daily Express and Pensions Age: https://t.co/ZmBMBlvL7a

[SalisburyHouseWealth @SHWealth]

The average value of assets in #DefinedContribution #workplacepension schemes is just £5,500. Savers should consider supplementing this with additional #investments and #personalpensions to boost their #retirement income. More from us in FTAdviser: https://t.co/Uv2YvvC8xF

[SalisburyHouseWealth @SHWealth]

Our research shows the cost of #retirement in #London is 82% more than in Nottingham, the cheapest UK city for retirees. Savers should invest for their future as early as possible to be able to retire in their ideal location. More from us in the Telegraph https://t.co/o9xNIwsbIo

[SalisburyHouseWealth @SHWealth]

Younger generations are #investing for the first time during #COVID, with many investors planning to carry on once #lockdown ends. Cautious individuals looking to venture into investing may benefit from seeking financial advice first. Speak to us. https://t.co/bMa5A3TsbS

[SalisburyHouseWealth @SHWealth]

Research shows increasing #pension contributions by just 1% could boost pensions by up to 25%. Individuals who make the conscious effort to contribute more than the minimum requirement to their pensions will reap the benefits at #retirement. More here: https://t.co/ernQTKJpxB

[SalisburyHouseWealth @SHWealth]

Our research shows interest rates offered by the 'best' cash #ISAs have more than halved during the year of #lockdown to an average of just 0.48%. As a result savers are unlikely to see any meaningful increase in #savings. More from us in the Daily Express https://t.co/xoUFZmzT47

[SalisburyHouseWealth @SHWealth]

(2/2) Individuals with a long-term outlook should consider moving surplus cash into their #pensions or a stocks & shares #ISA or risk seeing the value of their savings gradually get eroded by #inflation. Our comments in Daily Express: https://t.co/O1R6b9y4v9

[SalisburyHouseWealth @SHWealth]

(1/2) Our research shows savers have used the last year of #lockdown to add an estimated £110bn to #savingsaccounts, nearly 3x’s the average amount of £41bn saved in a “normal year”

[SalisburyHouseWealth @SHWealth]

Research shows 4 in 10 investors do not acknowledge the risk of “losing some money” when #investing. A long-term outlook is key when investing. It’s important to be aware of the risks involved and seek expert advice if you are unsure of where to begin: https://t.co/5bIu6Ep46D

[SalisburyHouseWealth @SHWealth]

When withdrawing money from #pension pots it’s important to be wary of “tax traps”. Savers’ tax-free annual allowance will be cut from £40k to just £4k if they take cash from their pensions beyond their 25% tax-free lump sum: https://t.co/7nt1nhwAQ8

[SalisburyHouseWealth @SHWealth]

Over 1.4m people have been forced to delay #retirement plans due to financial setbacks caused by #COVID19. Contributing to pension pots on a regular basis while you can is important to make up for any periods of lost earnings https://t.co/SEJWa3QxA3

[SalisburyHouseWealth @SHWealth]

(2/2) The NMPA allows most savers to access their #pensions without incurring #tax charges, it was also previously raised from 50 to 55 in 2010. This highlights the importance of saving early to prepare for any unexpected changes to pension rules.

[SalisburyHouseWealth @SHWealth]

(1/2) New Government consultation confirms plans to raise normal minimum #pension age (NMPA) from 55 to 57 in 2028, which is designed to encourage saving for #retirement and give individuals financial security later in life.

[SalisburyHouseWealth @SHWealth]

Our research shows the UK’s Capital Gains Tax bill has topped £10bn for the first time ever. Taxpayers who are selling their assets due to fears over #CGT increases could be missing out on other options to reduce CGT. Read more from us on LinkedIn: https://t.co/RnKLZ2BIr7

[SalisburyHouseWealth @SHWealth]

(2/2) However, it is key that individuals maintain their pension contributions. By saving into pension pots on a regular basis, this will help avoid having to retire later than originally planned. #retirement

[SalisburyHouseWealth @SHWealth]

(1/2)Stats show during #COVID19 employee contributions to private #pensions fell 11% to £1.6bn in Q2 2020 down from £1.8bn in Q1. Employer contributions also fell from £3.9bn to £3.7bn. Unfortunately businesses are cutting back on pension contributions during the current pandemic