As we all know, students are having to fork out more for their University education, which in practice means that most of those affected by the cnagnes will probably begin repaying their loans from 2014 at the earliest.
A double whammy looks like coming their way as the Government has decided to continue with the previous Government’s pension reform NEST. Whilst there is an “easing in” period most people will have to begin paying into a pension from 1st August 2014 at 1% of income, but rising to 5% from October 2017.
I will blog a little more on NEST in due course, but if you have student aged children the key dates are now agreed as are the contribution levels.
We are a boutique firm of financial planners. We create financial plans designed to achieve a desired lifestyle. We will craft and implement your plan that will provide you with the greatest chance of accomplishing your unique goals based upon the values that you hold. Financial products are little more than the tools to achieve your required results
Call us today or visit our website for more information and to arrange a meeting