Browsing: retirement income

Nick Bruining explores how spouse splitting can help bridge the superannuation gender gap, offering practical hacks to optimize retirement savings and promote financial equality between partners.

The government warns that future pensioners may face reduced benefits due to shifting economic pressures and demographic changes. Experts urge early planning to mitigate potential income shortfalls in retirement.

In this Q&A, financial expert Nick Bruining explores whether drawing a lump sum from your superannuation annually is a smart strategy. He weighs pros and cons to help retirees make informed decisions about their retirement income.

The UK’s pension triple lock is set to cost three times more than initially projected, sparking debate over its sustainability. Rising inflation and wage growth have driven the unexpected surge in payments.

The triple lock is a UK policy ensuring state pensions rise annually by the highest of inflation, wage growth, or 2.5%. For 2024, the full new state pension stands at approximately £203.85 weekly.