The Investing For Tomorrow team took on the 10-mile Midnight Walk to raise money for Overgate Hospice, starting at Halifax’s iconic Piece Hall.

The financial balancing act millennials face.

Research indicates that the current life stage of millennials (those in their late 20s to early 40s) is significantly impacting their future retirement plans, as short-term financial priorities take precedence[1]. The study, which surveyed 4,000 UK adults, reveals that six in ten (59%) millennials are struggling to save for retirement. In comparison, 48% of Generation Z (ages 18-26) and 39% of Generation X (ages 41 to 56) face similar challenges.

Finding the right balance for your financial goals is key.

Your investment mix is essential for your long-term investment success and shapes your suitable strategy. One of the core principles of investing is to diversify your savings across different types of investments (known as asset classes).

An offshore bond provides a tax-efficient wrapper issued outside UK jurisdiction.

If you consistently reach your pension annual allowance (£60,000 tax year 2025/26)—which reduces to an amount between £10,000 and £60,000 if you earn over £200,000—you could also maximise your £20,000 yearly Individual Savings Account (ISA) contributions and fully utilise your annual Capital Gains Tax (CGT) allowance. Additionally, offshore bonds offer an extra layer of tax efficiency for those earning over £260,000, where the pension annual allowance may be lowered.

Understanding the importance of nominating a beneficiary.

A new study reveals a startling insight. As many as one in six (15%) individuals with a partner are unclear about who will receive their pension savings if they pass away before accessing them[1]. Even more concerning, this figure rises to nearly one in five (18%) among the Silent Generation (aged 79 and older). Such statistics highlight the urgent need for improved awareness and planning regarding pension inheritance.

Rising costs, independence, and the necessity for proactive financial planning.

Recent data highlights a growing concern about the affordability of care and the maintenance of independence in retirement. Research has shown significant worries among UK adults regarding how they will finance care needs and medical expenses in later life.

The Midnight Walk is one of Overgate’s biggest fundraising events of the year and we are proud to be sponsoring the mid-point checkpoint. You can also sponsor us taking part in the walk ourselves!

Understanding the impact of a frozen state pension on your retirement income.

Retiring abroad may appear to be a dream come true, but for some British pensioners, it could carry a hidden financial cost. If you move to certain countries outside the UK after retirement, your state pension could be “frozen.” This means you will not receive the usual annual increases granted under the triple lock system.

Sue joined us back in 2018 and has been at the heart of our office ever since. We would like to thank Sue for everything she has contributed over the past seven years.

How to clarify your path to financial success.

Establishing clear investment goals is essential for achieving long-term success, as they serve as a roadmap outlining the purpose and desired outcomes of your investments. By defining your priorities, you can make informed decisions, avoid distractions, and effectively track your progress. Whether you are saving for retirement, funding your child’s education, or building wealth for future opportunities, clear objectives ensure that every decision aligns with your broader financial aspirations.

Understanding your financial options for now and the future.

Managing your finances can often feel overwhelming, particularly when deciding between saving and investing. Savings are aimed at short-term needs or emergencies, offering a sense of security and quick access to funds through low-risk options such as savings accounts. This approach ensures that you are financially prepared for unforeseen expenses or near-term goals.

What crucial transformation is poised to reshape estate planning?

Estate planning has always been pivotal in managing how wealth is passed on, but changes to pension rules from 6 April 2027 will reshape the landscape. Historically, pensions have served as both a source of retirement income and a tax-efficient tool for intergenerational wealth transfer.