Cormack Wealth

We now have more choices, more information and more personal accountability for our retirement income. But will the future we look forward to be one we can afford? The Retirement Living Standards, launched by the Pensions and Lifetime Savings Association (PLSA), helps provide a budgeting benchmark for three different standards of living: minimum, moderate and comfortable. If you’re planning your retirement lifestyle, these living standards are a practical starting point for anyone unsure about whether they need to save more for their retirement. Whether you’ve got 20 years before you retire or just a few, it’s important to have an idea of just how much money you’ll need for a comfortable lifestyle once you stop earning a regular salary. Read more: https://lnkd.in/dubiwDGS #CormackWealth #WeMakeItPersonal #RetirementLifestyle #Salary #Savings

Yesterday, Rachel Reeves delivered her first Budget as Chancellor, and the first Labour Budget in 14 years.  It brings some clarity and certainty following many weeks of speculation. The Government has had to balance a challenging fiscal situation with a plan to invest for the future and for growth. The Chancellor has increased taxes by a record £40bn and increased borrowing to £127bn for this tax year.  Alongside the headline changes to minimum wage, fuel duty and increased spending for public services there were several changes that may affect you. Read more: https://lnkd.in/eQ_iJmjA #CormackWealth #WeMakeItPersonal #Budget #Growth

Our office will be closed on Friday 25th October to allow us to celebrate the life of Pete’s Dad, Peter Cormack Snr, a truly wonderful man who sadly passed away 2 weeks ago. Thank you to all our clients for their messages, kind words and cards during this difficult time for The Cormack family. The office will reopen on Monday 28th October.

🕰️ Myth: It’s too late to set up a Power of Attorney once dementia is diagnosed. ✅ Fact: Early diagnosis doesn't mean it's too late for planning. A Power of Attorney can still be established while the individual can understand and consent, ensuring their wishes are respected. A financial adviser can help navigate this process, providing peace of mind for the future. 💼 #PowerOfAttorney #FinancialPlanning #ActNow #CormackWealth #WeMakeItPersonal

For Pension Awareness Week we share the importance of planning for your retirement to help provide the financial security you need. With more choices, more information and more personal accountability for our retirement income, a financial adviser can help you look forward to the retirement you deserve. The more prepared you are, the better your retirement will be. The Retirement Living Standards, are a practical starting point for anyone unsure about whether they need to save more for their retirement. Pension Awareness Week is an initiative that aims to raise awareness about the importance of saving for retirement. As people are living longer and the re landscape continues to evolve, it’s important to be able to plan effectively for your retirement years and make the most of your pension opportunities – that’s where a financial adviser can help. Whether you’ve got 20 years before you to have an idea of just how much money you’ll need for a comfortable lifestyle once you stop earning a regular salary. Read more: https://lnkd.in/efWSaRxr #CormackWealth #WeMakeItPersonal #Retirement #Saving #Pension

💻 Myth: Online tools are enough—you don’t need a financial adviser. 🤓 Fact: While online tools can help manage basic tasks, a financial adviser offers expertise, experience, and personal insight that no algorithm can replicate. They can customise a strategy specific to your life goals, provide a second opinion, and help you stay on track long-term. #CormackWealth #WeMakeItPersonal #ExpertAdvice #FinancialWellbeing #TailoredAdvice