52% of savers don’t understand the effects of inflation, and millions think they’ll be better off. Here’s why it can harm your savings

Inflation has been in the news for months now, as the rate increases. While you may notice the effects inflation has on the price of goods when you visit the supermarket, it can be more difficult to understand how and why it’ll affect things like your savings. More than half of cash savers don’t know […]

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Have you missed this potential expense when planning for retirement? It’s something a third of new retirees are paying

A grandfather carrying his grandson on his shoulders through a park.

When planning for your retirement, have you considered if you’ll be providing financial support to loved ones? A survey conducted by Key suggests that a third of new retirees are providing vital cash injections to children, grandchildren, or other family members. If it’s something you’ve not considered, you could face a shortfall. On average, retirees […]

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Two-thirds of retirees are planning a flexible retirement, but many don’t understand the potential tax implications

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 […]

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