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6 in 10 over-45s are underestimating the cost of care by thousands of pounds
A report suggests that 6 in 10 over-45s are underestimating the cost of a care home by thousands of pounds. Understanding the expected costs and creating a care plan could ease stress for you and your family should you need support in the future.

Tom from Harken Financial
Feb 234 min read
The power of pension tax relief and how it could boost your retirement income
Pension tax relief can significantly bolster your future retirement income. Here's why it's worth ensuring you've claimed all you're entitled to.

Tom from Harken Financial
Feb 234 min read
Does your income make you a “Henry”? Here are some ways it could affect tax considerations
High earners striving to build wealth, dubbed “Henrys” (high earner, not rich yet), may find their tax position changes drastically as their income grows. Being aware of your tax liability now and in the future could allow you to create a financial plan that helps you get more out of your money by potentially reducing your tax bill. There isn’t a clear definition of how much you need to earn to be a Henry or what constitutes being “wealthy”. A huge range of factors could affe

Tom from Harken Financial
Aug 19, 20255 min read
4 useful insights from a decade of Pension Freedoms
A decade ago, the introduction of Pension Freedoms shook up retirement planning and gave retirees more options than ever. Before 2015, if you had a defined contribution (DC) pension, the common route was to use the money accumulated to purchase an annuity. The annuity would then provide you with a regular income, usually for the rest of your life. While an annuity can be valuable in some circumstances, it isn’t flexible. To give retirees more choice, Pension Freedoms were int

Tom from Harken Financial
May 20, 20254 min read
Underestimating the amount you need in retirement: How a mid-life check can help
Do you know how much you need to save into your pension for the retirement you want? Millions of pension savers are underestimating how...

Tom from Harken Financial
Nov 13, 20204 min read
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