Retirement Guide

Welcome to our Retirement Guide section at Retirement UK.
  • Planning For Retirement

    29 Oct at 7 PM - by Admin Retirement planning is arguably even more of an important part of preparing for retirement today than it has ever been in the past. When you finally retire you will be able to live a much healthier, much more active life and with the ability to live it at your own pace. However, with an extra forty hours of free time a week to spend as you...
  • Retirement Age

    29 Oct at 7 PM - by Admin In many jobs and industries such as those in the military or those who work in more mentally or physically skilled positions such as pilots, there is a mandatory retirement age. This means that when an individual which holds one of these positions reaches a set age, they are let go by their employer and forced to retire. In recent years...
  • Early Retirement

    29 Oct at 7 PM - by Admin An early retirement is a dream that a significant amount of individuals throughout the world have, whether it be full-on retirement or just retiring from your job and doing a bit of working for yourself. That dream can certainly be a reality for a significant proportion of the population with some careful planning and consideration - the...
  • Working During Retirement

    29 Oct at 7 PM - by Admin Despite having only just celebrated their retirement, more and more individuals are choosing to go back into employment. There are many different reasons why this may be the case, a lot of the time it’s a choice they make because they have so much free time and one to get back into work just in a lot more relaxed environment. If you are...
  • Retiring Overseas

    29 Oct at 7 PM - by Admin Well over five million british residents have decided to move abroad during the past 10 years and unfortunately, recent problems in the strength of the GBP has affected those who rely on their UK pension. Despite this though, many UK residents continue to move abroad in search of a better life with the likes of Spain, Portugal and the...
  • Buying Property Abroad

    29 Oct at 7 PM - by Admin One of the hardest things when moving abroad is to actually find a property that meets both your requirements but also your budget. This process becomes even more difficult when you are thinking of retiring abroad, as you need to consider not just your current situation but for the foreseeable future. For example, at 65 you may be retiring...
  • Health Insurance In Retirement

    29 Oct at 7 PM - by Admin Planning for your health care needs should be a priority in retirement planning. If you currently benefit from a company private medical health insurance scheme, then you need to consider how to maintain this benefit in retirement. In most cases, on retirement, your existing health insurance company will offer you a ‘continuation...
  • Retirement Investments

    29 Oct at 7 PM - by Admin When you reach retirement age some individuals, particularly those who do not have traditional pension policy (opting to have alternative savings such as properties or even just simple savings accounts), may decide to invest some of their capital in alternative investments to give them an annual or even monthly return. There are many...
  • Retirement Annuity

    29 Oct at 7 PM - by Admin An annuity is a regular income paid in exchange for a lump sum, usually the result of years of investing in an approved, tax-free pension scheme. There are different types. The vast majority of annuities are conventional and pay a risk-free income that is a guaranteed for life. The amount you receive will depend on your age, whether you...
  • Retirement Pensions

    29 Oct at 7 PM - by Admin The amount you deposit into your pension plan whether it be extra-curricular donations or company contributions will determine the amount you will have to live off when you retire. The way you choose to invest it, the age that you first start withdrawing your pension and the amount an insurance company would be prepared to offer you as a...
  • Retirement Income

    29 Oct at 7 PM - by Admin Using cash savings accounts to provide your income can provide a much-need level of security because you know your capital is safe and easily accessible. The risk is that, once you're retired, you're not likely to be able to build it up again if you lose money. The downside of this is that your income and capital won't increase with...
  • Equity Release in Retirement

    29 Oct at 7 PM - by Admin In retirement we are often in the situation where we live in a property that has grown in value considerably over the years and may well be mortgage free, particularly considering the huge increase in property prices over the last 2 or 3 decades. Because of this increase, if you have lived in the same property for 10 or 20 years, even with...
  • Pensions and Tax

    29 Oct at 7 PM - by Admin Pensions have always been quite a complicated area for individuals to wrap their head around, a problem that isn’t helped by the wide variety of options. The basic State Pension that you receive from the government when you turn 65 (soon to change to 66) is based on the National Insurance contributions you've paid, or have been credited...
  • Retirement ISAs

    29 Oct at 7 PM - by Admin One of the most commonly used alternative saving methods to the traditional pension plans are called Individual Savings Accounts, more frequently referred to simply as ISA’s. ISA’s are different types of investments provided by ISA managers (basically the usual pension providers and many other investment companies) which as with many...
  • Inheritance Tax Planning

    29 Oct at 7 PM - by Admin The importance of inheritance tax planning should not be overlooked no matter how hard it may to think about what will happen to our money after we die. Unfortunately these days Inheritance Tax is quite substantial particularly for those individuals who have a substantial amount of money to pass on. It has the potential to help save an...
  • Retirement Homes

    29 Oct at 7 PM - by Admin Moving into a nursing home can be quite a difficult and worrying time for both the individual making the move and their family and friends who may be organising the move or simply watching it happen. For this reason it is essential if you are the one organising it, that you do research and understand which nursing home is right for you or...
  • Living in a Retirement Home

    29 Oct at 7 PM - by Admin As most people reading this will already be aware (or soon be aware of), making the decision to move a family member or even to move yourself into a retirement facility is a difficult time in anyones life. If chosen correctly, it can be a great decision that benefits everyone involved but that doesn’t make it any less emotional as it...
  • Mobility Scooters

    29 Oct at 7 PM - by Admin Not so long ago the only realistic option for most of the (non-royalty!) population losing the ability to walk whether permanently or even just finding it difficult, was to buy a wheelchair which was quite an expensive option. However, the wonders of technological advancements has led to a much more practical, enjoyable and not outrageously...
  • Hearing Loss

    29 Oct at 7 PM - by Admin Hearing loss can be a difficult problem for many individuals and is particularly common in the elderly. It can be a sudden or gradual decrease of the quality of your hearing and you may not even notice and it may end up being a family member or friend that notices it before you. Unfortunately there are many different things can cause...
  • Hearing Aids

    29 Oct at 7 PM - by Admin Recent studies have suggested that at least one in ten people over the age of 18 in the UK would find benefit from wearing hearing aids which accounts for over 4 million people, and yet only one in thirty actually wears one. Losing your hearing is a very difficult time for most sufferers, particularly initially and it can be increasingly...