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This free Pride in Retirement guide will help LGBTIs plan before it’s too late

Equality Wealth experts were inspired by questions from you

This free Pride in Retirement guide will help LGBTIs plan before it’s too late
Retirement Pride: have you planned for your financial future?

Retirement and pensions experts have created the first ever guide to LGBTI retirement in Britain, fearing that many of us are ill-prepared for old age.

The Pride in Retirement guide by Equality Wealth comes after they warned the LGBTI community faces a retirement time bomb. They say people haven’t saved enough and don’t realise that retirement can cost more for LGBTIs.

Many older LGBTIs spent their younger years in the closet, fearing persecution, so didn’t prepare for later life financially or legally. Younger people in our community often put off retirement planning, thinking they’ve got plenty of time.

Both groups – and everyone in between – will find the guide helpful.

UK citizens will find lots of information on tax benefits. And you can find advice on how to plan a retirement with your partner – whether you are married or not.

Equality Wealth came up with the idea after hosting an event during Digital Pride. Afterwards, many people came to their experts asking for more help and advice.

Top tips from the Pride in Retirement guide

1 Work out how much money you need in retirement. How much you are projected to receive in retirement? Where there is a shortfall? Get advice on how to help make up the difference.

2 If you’re with a significant other or have financial dependants check your ‘expression of wishes’ or nomination form.

3 Check your state pension and request a forecast from the UK government’s site.

4 If your employer is prepared to pay into your pension, then carefully consider before you turn down this offer.

5 Start making small and regular contributions at the earliest possible opportunity.

6 If you’re a higher rate taxpayer, then consider making a contribution so you maximise the tax benefit.

7 As a rule of thumb, think about contributing as much as you can afford of your gross annual salary.

8 Consider alternative tax efficient vehicles, including ISAs, which may pay a tax-free income in retirement.

9 Don’t rely on property income alone for retirement income.

10 Get advice.

You can speak directly to an Equality Wealth advisor. And there’s much more information and advice in the free Pride in Retirement guide. Get your copy here:

The guide is for information purposes only. It does not constitute advice. Equality Wealth does not guarantee the accuracy of information contained within the guide and as pensions and taxation issues frequently change, people should take professional advice on their individual situation. Equality Wealth is a GSN client.


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