Mosaac Financial Blog

With Christmas and the New Year over, it is time to turn your thoughts to planning for the tax year end. While many parts of the tax landscape have been frozen, such as the personal allowance and most income tax thresholds, that does not mean you should ignore tax year-end planning as we approach 5 April. Among the areas to consider are; ·      Pension contributions: The tax limits for pension contributions were eased at the start of the current tax year. You may now be able

New legislation has paved the way for important changes to automatic enrolment in workplace pensions. At the start of October, automatic enrolment in workplace pension schemes quietly celebrated its eleventh anniversary. The latest data (April 2021) from the Office for National Statistics shows that 79.4% of employees were members of workplace pension arrangements, a rise from 46.5% in April 2012. At a time when the ability of UK governments to implement any long-term project

New research reveals that one in three people could face hardship in retirement. Source: Frontier Economics based on Scottish Widows survey data The “cost of living crisis” is a phrase that is hard to avoid in any media. High inflation, stealthily increasing taxation and constrained earnings growth are an unwelcome combination that leaves few of us unaffected. In time, the crisis should pass. It is easy to forget now that a little over two years ago, in July 2021, inflation w

The Bank of England has said that inflation could reach over 13% before the end of the year. But that’s the lower end of the speculation....

The deadline to backfill your pre-2016/17 state pension contributions is nearing. When the new state pension was introduced in April...

A new report by the Association of British Insurers says a significant increase in the minimum contributions to workplace pensions is...

Recent research has cast a new light on retirement spending habits. Do you expect your spending to reduce gradually once you retire? It...

An annual survey from major investment manager abrdn has provided a snapshot of people who have or plan to retire in 2022. Wherever you...

Why do companies like us invite you to these events, what do they offer and who should you turn to for guidance?

If you’re starting to dream of retirement it’s likely that one of the first questions you will ask yourself is “Can I afford it?”