Should You Buy an Annuity? Pros and Cons for Retirement Planning
In recent years, annuities have been making a comeback. According to the Association of British Insurers (ABI), annuity sales rose sharply in 2023, reflecting renewed demand from retirees seeking certainty in an uncertain economic climate. But does that mean an annuity is the right choice for your retirement? With flexible options such as drawdown and […]
How Much Do I Need to Retire Comfortably?
By the time we reach our mid-50s, many of us start to think seriously about life beyond work. With the minimum pension access age set to rise to 57 from April 2028, questions about how much money we need to retire comfortably are more relevant than ever. Inflation, interest rate fluctuations, and changing lifestyles mean […]
Your Pension and Inheritance Tax: What You Need to Know Now
For many people, their pension is the single biggest financial asset they will ever build. It represents decades of hard work, careful saving, and a cornerstone of financial independence in retirement. Increasingly, pensions are also viewed as a way to provide for the next generation, often forming a key part of estate and legacy planning. […]
Tax Freedom Day 2025: How Much of Your Year Goes to the Taxman?
If you’ve ever felt as though much of your working life is spent paying tax before you see any benefit for yourself, you may not be far wrong. With income tax, national insurance or social security, capital gains tax, VAT, council tax, excise duties and more, a significant proportion of income goes to the taxman […]
Retiring Abroad: The Ultimate Checklist for Planning Your Retirement
For many people, retirement abroad is a lifelong dream: a home in the sunshine, a slower pace of life, and the freedom to spend time on the hobbies and experiences you love most. But behind every dream retirement lies careful preparation. At Blacktower Financial Management, we have been helping expatriates plan and protect their wealth […]
Retirement Planning: Why Waiting Could Seriously Impact Your Retirement
For some, retirement feels a lifetime away. For others, it’s right around the corner. Yet, whether you’re 30, 50, or already considering slowing down, one truth is becoming harder to ignore: most people are not saving enough for retirement. According to the BlackRock Read on Retirement 2024 survey, 50% of UK Defined Contribution pension holders […]
How Expats Can Avoid Unnecessary UK Pension Tax With an NT Code
For many British expatriates, moving abroad represents a new chapter of life — whether that’s enjoying retirement in the Algarve, building a career in Dubai, or relocating to the United States. But while your lifestyle may change, one thing that often follows you is your UK pension. Unfortunately, thousands of expats continue to pay UK […]
Is It Time to Bring Your QROPS Back to the UK?
For many years, Qualifying Overseas Pension Schemes (QROPS) played a central role in cross-border retirement planning. They were created to help UK nationals who moved abroad take their pensions with them and, in certain circumstances, offered advantages that UK pensions did not. But much has changed since QROPS were first introduced in 2006. Over the […]