Aegis Financial Planning Ltd

Have you set your New Year’s
financial resolutions? The key is to
make them specific and measurable.
To help you get started, we have
suggested some financial resolutions
for 2026 to consider, all of which are
realistic, achievable and easy to track.

Overcome the Deposit Barrier With These Tips
March 15, 2023
The deposit barrier is a significant challenge for many people who wish to buy their own homes.

Saving up for a deposit can be a daunting task, especially for first-time homebuyers.

The good news is that there are various strategies and resources available to help you overcome the deposit barrier.

Here are some tips that can help.

Overcome the Deposit Barrier With These Tips The deposit barrier is a significant challenge for many people who wish to buy their own homes. Saving up for a deposit can be a daunting task, especially for first-time homebuyers. The good news is that there are various strategies and resources available to help you overcome the deposit barrier. H...

Individual Savings Accounts
January 18, 2023
Don’t miss the 2022/23 ISA deadline

Time is running out to take advantage of this year’s Individual Savings Account (ISA) allowances.

You get one ISA allowance per tax year. So use it or lose it soon, when the tax year ends on 5 April.Any unused ISA allowance will not be rolled over into the new tax year. On 6 April when the new tax year starts, if you haven’t used all of your or your children’s ISA allowances from the previous tax year, it will be lost forever.

Time to take control of your ISA?

The ISA allowance limits apply to everyone on an individual basis, so if you’re married or in a relationship, you could both hold your own ISA, each with the full allowance – so that’s a combined £40,000 in the current tax year – and you don’t pay any tax on the income or capital gains from the proceeds of a Stocks & Shares ISA or interest on a Cash ISA.

An ISA doesn’t need to be declared on your annual tax return. What’s more, you can access your money whenever you wish, although most ISAs are designed to be medium to long term investments, which is typically a period of at least 5 years.

Individual Savings Accounts Don’t miss the 2022/23 ISA deadline Time is running out to take advantage of this year’s Individual Savings Account (ISA) allowances. You get one ISA allowance per tax year. So use it or lose it soon, when the tax year ends on 5 April.Any unused ISA allowance will not be rolled over into the new...

5 Ways to Build Up and Protect Your Finances
March 1, 2023
People strive hard to accomplish a variety of goals during their lifetime, although there’s nothing more significant than being able to spend quality time in the company of family, friends and loved ones. Indeed, investing in relationships gives depth and meaning to one’s life.

However, in living, you also amass assets and liabilities along the way. And when you’ve put a lot of effort into securing your and your family’s future, you want to know that you’ll be able to protect your finances and continue to provide for your family’s needs even when you retire.

Therefore, the last thing you want is for a catastrophic illness or accident to jeopardise your retirement plans. But what would happen if you, your partner, or even one of your children, were to suffer in a tragic accident or become seriously ill? Would you be able to bounce back from such a significant financial challenge?

In this post, we discuss different ways to build up and protect your finances so you can safeguard your family’s financial well-being, even in the face of a crisis.

Planning your retirement and how to get there.

Why wait for tomorrow? Start planning today

Welcome to our Guide to Planning your Retirement, and How to Get there.

Retirement planning shouldn’t be something you only consider when you’re older. Starting to plan your retirement early gives you a greater chance to build the funds you need for a comfortable lifestyle when the time comes. Acting now will ensure that your long-term goals become a reality.

At every stage of our life it can be difficult to take time to think about our future when there are so many other things competing for our attention, but it’s important to be prepared and make sure that you’re planning ahead for the retirement you deserve.

By taking a personalized approach, you can develop a retirement plan that will work for you throughout your life.

Planning for retirement in your 20s
It’s never too early to start planning for retirement. Though retirement may seem a long way off, the earlier you start saving and investing, the more time the compounding effect on your money has to work. Putting money away now can make a huge difference to your retirement funds when the time comes.

Here’s why you should start planning for retirement in your 20s:
It enables you to benefit from the power of compounding: Regularly investing amounts of money can grow into a large sum over time thanks to compounding.
You can afford higher-risk investments: As retirement may be years away, making higher-risk investments such as stocks and shares in your 20s can help boost returns without putting too much at risk.
It encourages good financial habits: Taking steps to plan for retirement now will highlight how to manage your finances better and make smart decisions about investments and pensions.
You could get help from employers: Many workplace pension schemes offer employer contributions, which is free money that goes straight into your pension pot.
Planning for retirement in your 30s
It can be more difficult to save for retirement in your 30s, when you may have greater financial commitments such as a family or a mortgage. But it’s important to stay focused on your retirement goals, because the decisions you make now could have an impact on your later years.

Here are some tips for saving for retirement in your 30s:
Minimize debt: Pay down any outstanding debts as soon as This will free up more money for retirement savings.
Optimize asset allocation: As you still have plenty of time until retirement, consider investing in growth assets such as equities.
Save regularly and often: Try to make regular contributions into a pension account or tax-efficient investment vehicle such as a Stocks & Shares ISA’s.
Take advantage of employer contribution schemes: Many employers offer generous contribution schemes which can boost your savings pot significantly over time.
Planning for retirement in your 40s
Your 40s are an ideal time to reassess your retirement plans and make sure that you’re on track.

Here are some tips to help get your retirement plan on track:
Calculate how much you need to retire comfortably: Seek professional financial advice to determine how much money you need for retirement.
Consolidate pension accounts: If you have multiple pension accounts across different employers, if appropriate, consolidating them could make it easier to manage them and provide more clarity about your pension savings.
“Your 50s are a time to increase your pension contributions, review your retirement plans and make sure that you’re on track”

Increase contributions: Consider increasing your contributions where possible as the higher salary typically seen in the 40s may afford this opportunity.

Explore other options: Consider other tax-efficient methods of saving, such as transferring part of your salary into an ISA or investing in property, depending on what is available to you.

Planning for retirement in your 50s

Your 50s are a time to increase your pension contributions, review your retirement plans and make sure that you’re on track.

Here are some tips on how to do this:

Make additional contributions:
Consider making additional lump sum pension contributions, remembering to stay within the annual or lifetime allowance limits, with any excess liable for further tax charges.

Review asset allocation: The closer you get to retirement, the more risk-averse your investment approach should be, so consider reducing exposure to higher[1]risk assets such as equities and seek professional financial advice for tailored advice
Take advantage of tax allowances:

Familiarize yourself with current pension allowances and explore any carry forward rules available if applicable.

Speak to a financial professional:
Consult a financial professional who can provide you with personalized advice tailored to your individual needs and requirements.

Planning for retirement in your 60s

In your 60s it’s time to prepare for the decumulation phase, an important time when it comes to your retirement planning.

Here are some tips to help get your retirement plan on track:

Prepare a budget: Calculate your expenditure levels to help plan for the long term.
Consider pension decumulation options: Explore the various ways you can convert your pension savings into retirement income and seek professional financial advice.
Review asset allocation: As retirement is approaching, reduce exposure to higher risk assets such as equities.
Review your plan regularly:

Regularly reviewing your progress will help you prepare for retirement and make the necessary adjustments if needed.

READY TO START PLANNING FOR

A BETTER LIFE IN RETIREMENT?

There’s a good chance you pay into a

personal or workplace pension plan each

month, but do you know how much

money you’ll need to fund your life after

work? Let us help us you picture what kind

of lifestyle you could have in retirement.

To find out more, speak to us today.



PENSION IS A LONG-TERM INVESTMENT NOT

NORMALLY ACCESSIBLE UNTIL AGE 55 (57 FROM

APRIL 2028 UNLESS PLAN HAS A PROTECTED

PENSION AGE).

THE VALUE OF YOUR INVESTMENTS (AND ANY

INCOME FROM THEM) CAN GO DOWN AS WELL

AS UP WHICH WOULD HAVE AN IMPACT ON THE

LEVEL OF PENSION BENEFITS AVAILABLE.

YOUR PENSION INCOME COULD ALSO BE

AFFECTED BY THE INTEREST RATES AT THE

TIME YOU TAKE YOUR BENEFITS.

Time is running out to take advantage of this year’s Individual Savings Account (ISA) allowances.

You get one ISA allowance per tax year. So use it or lose it soon, when the tax year ends on 5 April.

Lifetime ISA?

A: You’re able to open a Lifetime ISA if you’re aged between 18 and 39. You can use a Lifetime ISA to buy your first home or save for later life. You can put in up to £4,000 each year until you’re 50. The Government will add a 25% bonus to your savings, up to a maximum of £1,000 per year.

Any unused ISA allowance will not be rolled over into the new tax year. On 6 April when the new tax year starts, if you haven’t used all of your or your children’s ISA allowances from the previous tax year, it will be lost forever.

Don’t miss the 2022/23 ISA deadline Time is running out to take advantage of this year’s Individual Savings Account (ISA) allowances. You get one ISA allowance per tax year. So use it or lose it soon, when the tax year ends on 5 April. Lifetime ISA? A: You’re able to open a Lifetime ISA if you’re aged between 18 and 39. You can ...

TIME IS RUNNING OUT

TAKE ADVANTAGE OF THIS YEAR'S ISA ALLOWANCES
You get one ISA allowance per tax year.

So USE IT OR LOSE IT it soon, when the tax year ends on 5 April.

Lifetime ISA?
A: You’re able to open a Lifetime ISA if you’re aged between 18 and 39. You can use a Lifetime ISA to buy your first home or save for later life. You can put in up to £4,000 each year until you’re 50. The Government will add a 25% bonus to your savings, up to a maximum of £1,000 per year.
Any unused ISA allowance will not be rolled over into the new tax year. On 6 April when the new tax year starts, if you haven’t used all of your or your children’s ISA allowances from the previous tax year, it will be lost forever.

Don’t miss the 2022/23 ISA deadline
January 20, 2023
Time is running out to take advantage of this year’s Individual Savings Account (ISA) allowances.

You get one ISA allowance per tax year. So use it or lose it soon, when the tax year ends on 5 April.

Lifetime ISA?

A: You’re able to open a Lifetime ISA if you’re aged between 18 and 39. You can use a Lifetime ISA to buy your first home or save for later life. You can put in up to £4,000 each year until you’re 50. The Government will add a 25% bonus to your savings, up to a maximum of £1,000 per year.

Any unused ISA allowance will not be rolled over into the new tax year. On 6 April when the new tax year starts, if you haven’t used all of your or your children’s ISA allowances from the previous tax year, it will be lost forever.

Time to take control of your ISA?

The ISA allowance limits apply to everyone on an individual basis, so if you’re married or in a relationship, you could both hold your own ISA, each with the full allowance – so that’s a combined £40,000 in the current tax year – and you don’t pay any tax on the income or capital gains from the proceeds of a Stocks & Shares ISA or interest on a Cash ISA.

An ISA doesn’t need to be declared on your annual tax return. What’s more, you can access your money whenever you wish, although most ISAs are designed to be medium to long term investments, which is typically a period of at least 5 years.

Don’t miss the 2022/23 ISA deadline Time is running out to take advantage of this year’s Individual Savings Account (ISA) allowances. You get one ISA allowance per tax year. So use it or lose it soon, when the tax year ends on 5 April. Lifetime ISA? A: You’re able to open a Lifetime ISA if you’re aged between 18 and 39. You can ...

Benefits of financial goal setting
January 11, 2023
Why Should You Start Setting Financial Goals?
Saving a few pounds today can add up to a lot of money later on – cash that you can use to start investing, pay off your debt repayment, or save for retirement.

But to ensure you have a clear direction and achieve what you want, you need to start setting financial goals – that is, if you haven’t done so yet.

While a lot of people associate financial goal setting with business, it’s something anyone can and everyone should do. In this post, we’ll discuss why making financial goals is essential and provide tips on how to do so.

Benefits of financial goal setting Why Should You Start Setting Financial Goals? Saving a few pounds today can add up to a lot of money later on – cash that you can use to start investing, pay off your debt repayment, or save for retirement. But to ensure you have a clear direction and achieve what you want, you need to start setti...