If you’re approaching retirement, now’s the time to make the most of the tax opportunities available to you. By taking proactive steps to optimise your savings, reduce your tax bill, and boost your retirement pot, you can make sure that the next chapter of your life is financially secure. The good news is that there are key actions you can take to enhance your retirement prospects – without waiting until you’re drawing from your pension.

At Fogwill & Jones, we help people like you make the best possible decisions to grow your wealth and minimise tax liabilities. Here’s how you can make early moves to get the most from your pension, ISAs, and tax strategies this tax year.

The Importance of Planning Ahead for Retirement

When you’re approaching retirement, you want your money to be working as hard as you’ve worked for it. Every decision you make in these final years before retirement can have a significant impact on the size of your retirement pot and the amount of tax you pay. It’s important to act now to take advantage of available allowances and avoid missing out on opportunities that can help you secure your financial future.

Key Strategies to Boost Your Retirement Savings

Maximise Your Pension Contributions

If you’re not already contributing the maximum allowable amount into your pension, now’s the time to review and boost your contributions. For the 2025/26 tax year, you can contribute up to £60,000 to your pension (or 100% of your earnings if lower) and benefit from tax relief on those contributions. By contributing more now, you’ll reduce your taxable income for the year, meaning you’ll pay less tax while boosting your pension savings.

This is particularly important if you’ve had years of lower contributions, or if you’ve recently experienced a pay rise or other windfall. With pension contributions, the more you put in, the more tax relief you can claim. The best part? The money you invest grows tax-free.

Consider Pension Carry Forward

If you haven’t fully used your annual pension allowance in the past three years, you could be eligible to “carry forward” unused allowances and top up your pension even further. This could be a great opportunity to accelerate your pension savings before you retire. Carry forward is a useful strategy to consider, especially if your income has fluctuated or if you’re in the final years of your career.

Maximise Your ISA Contributions

ISAs remain a powerful tax-efficient tool for retirement savings. For the 2025/26 tax year, you can contribute up to £20,000 across your ISAs, including cash ISAs, stocks and shares ISAs, and innovative finance ISAs. While you don’t get tax relief on contributions like with pensions, the key benefit of ISAs is that any growth or income earned within the account is free from tax.

If you’ve not maximised your ISA contributions yet, doing so now can give your retirement pot an immediate boost, while providing flexibility in how and when you access your savings during retirement.

Take Advantage of Tax-Loss Harvesting

If you’ve seen any investments in your portfolio underperform this year, tax-loss harvesting could be a way to reduce your tax bill. By selling off investments that have lost value, you can offset any gains you’ve made elsewhere in your portfolio, thereby reducing your capital gains tax liability. This strategy is particularly useful if you’re nearing retirement and want to ensure your investment portfolio is as tax-efficient as possible.

Review Your Investment Strategy

It’s also important to ensure your investments are well-positioned for retirement. As you approach retirement, your investment strategy should shift toward more secure, income-generating assets, such as bonds or dividend-paying stocks. If you’ve been following an aggressive growth strategy, now may be the time to review your asset allocation and adjust for a smoother transition into retirement.

Having a portfolio that aligns with your retirement timeline can help you preserve wealth and avoid taking on unnecessary risk in the final stretch before retirement.

Why You Need Expert Guidance

While the steps mentioned above may seem straightforward, it’s important to remember that personal finance is highly individual. Everyone’s situation is different, and the right strategy for you will depend on your unique circumstances including income, investment goals, and retirement timeline. This is where expert financial advice comes in.

At Fogwill & Jones, we work with you to develop a customised plan that maximises your savings, minimises your tax exposure, and gives you peace of mind as you head into retirement. Whether it’s advising on pension contributions, helping you use carry forward rules, or optimising your ISA strategy, our goal is to ensure that you’re taking full advantage of the current tax rules to achieve the best retirement outcome possible.

Take Action Now to Secure Your Future

The 2025/26 tax year is a crucial time to get your retirement savings in order, but the clock is ticking. Book a consultation with us today to review your current retirement plans, forecast your savings, and implement tax-efficient strategies that will help you make the most of the opportunities available to you.

Don’t wait until retirement is just around the corner to start planning. Taking action now can make all the difference to the size of your pension pot and your financial security in retirement.

Call us today on 01142 588899 or email info@fogwilljones.co.uk to schedule your consultation. Let’s make the most of this tax year and ensure your retirement is everything you’ve worked for.

As we enter the 2025/26 tax year, now is the perfect time to hit the reset button on your family’s financial planning. With new tax updates and allowances in play, it’s essential to start the year strong by reviewing key areas of your family finances. By taking the right steps early on, you can ensure that your financial strategy is optimised to take advantage of available tax breaks, reduce the impact of inflation, and work toward your long-term goals.

At Fogwill & Jones, we’re here to help guide you through the process, offering expert advice to ensure your family’s finances are on track. Here’s your 2025/26 tax year checklist to get you started:

2025/26 Tax Year Checklist:

1. Check Your Tax Allowances and Make the Most of Them

The start of the new tax year is the ideal time to review your available tax allowances. These can help reduce your taxable income, saving you money in the long run. Key allowances to check:

• Personal Allowance: Ensure that you’re maximising your personal tax-free allowance (£12,570 for most taxpayers). If your income is close to this threshold, consider ways to reduce your taxable income, such as contributing more to pensions or using other allowances.

• Marriage Allowance: If you’re married or in a civil partnership, and one of you earns below the personal allowance, you may be eligible for the marriage allowance. This can allow you to transfer a portion of your unused allowance to your partner, lowering your overall tax bill.

• Capital Gains Tax Allowance: If you’re selling investments or assets, make sure you’re aware of your annual Capital Gains Tax allowance. It’s a good idea to review your investments to ensure you’re not overlooking tax-efficient options like ISAs or pension contributions.

2. ISA Opportunities: Maximise Your Contributions

ISAs continue to be one of the best ways to grow your wealth in a tax-efficient manner. For the 2025/26 tax year, you can contribute up to £20,000 across your ISAs, including Cash ISAs, Stocks and Shares ISAs, and Innovative Finance ISAs.

For families, it’s worth considering:

• Junior ISAs: If you’re saving for your children’s future, now’s a great time to make use of Junior ISAs. The annual contribution limit for Junior ISAs is £9,000. This is an excellent way to give your children a head start in life while taking advantage of tax-free growth.•

• Stocks and Shares ISAs: If you have a longer investment horizon and are comfortable with some market risk, consider using your ISA allowance for stocks and shares. The growth from these investments is free from tax, making them an effective tool for growing your wealth over time.

3. Take Advantage of Tax-Free Childcare

If you have children under the age of 12 (or 17 for children with disabilities), the Tax-Free Childcare scheme can save your family money. For every £8 you pay into your childcare account, the government will add £2, up to a maximum of £2,000 per child per year.

If you’re not already enrolled in the scheme, now’s the time to apply. If you’re already using it, make sure that your account is updated and you’re fully utilising the allowance. With rising childcare costs, this can make a significant difference to your family budget.

4. Review Your Family Budget Against Inflation

The cost of living continues to rise, and inflation remains a key consideration for families. It’s important to review your family budget and make adjustments where necessary to ensure you’re staying on track. This includes:

• Revisiting Spending Habits: With rising prices, some expenses may have increased without you noticing. Take time to reassess your household spending and identify areas where you can cut back or be more efficient.

• Energy and Utility Costs: Rising energy prices are still a concern for many households. Review your energy plans and see if there are more cost-effective options available. Additionally, check if your home qualifies for any green energy incentives or rebates.

• Food and Essentials: Inflation has hit grocery bills hard. Plan ahead by shopping smart and considering options like bulk buying or meal planning to reduce costs.

5. Goal Setting and Planning for the Future

The new tax year is also a great time to revisit your family’s financial goals and make sure you’re on track. Whether it’s saving for a holiday, your children’s education, or buying a new home, setting clear goals will help you stay focused and motivated. Consider the following:

• Short-Term Goals: These might include saving for a large purchase, building an emergency fund, or paying down high-interest debt.

• Medium-Term Goals: These could involve funding your children’s education or saving for a significant home renovation project.

• Long-Term Goals: Retirement planning, investing in your pension, and providing for your family’s future.

Use these goals to guide your family’s financial decisions throughout the year and make sure that you’re prioritising what matters most to you.

6. Review Your Insurance Coverage

As your family grows and changes, it’s important to ensure that your insurance coverage reflects your current situation. This includes life insurance, health insurance, and income protection. Reviewing these policies annually ensures that you’re fully protected and that your beneficiaries are properly accounted for.

Why Expert Guidance Makes All the Difference

While the above checklist gives you a solid starting point, navigating family finances can be complex. Tax laws, allowances, and financial strategies are always evolving, and it’s important to get personalised advice that aligns with your personal financial situation.

At Fogwill & Jones, we offer expert financial planning services to help you optimise your family’s finances for the year ahead. From tax-efficient savings strategies to smart budgeting and goal-setting, we’re here to guide you every step of the way.

Ready to Get Started?

The new tax year is a great time to take charge of your family’s financial future. Don’t wait to start making these important changes. Book a consultation with us today to ensure your family’s finances are working as hard as you do.

Call us at 01142 588899 or email info@fogwilljones.co.uk to schedule a review and get expert advice on how to make the most of the 2025/26 tax year.

Let’s optimise your family’s finances together.

When we think about pensions, we often picture something distant – funds locked away until retirement. But what if your pension could offer financial advantages today, not just decades down the line?

A Personal Pension is more than just a retirement fund. It’s a flexible, tax-efficient investment vehicle that can support your financial goals before you even consider retiring. The sooner you start thinking about your pension, the more opportunities arise – not just for your future self but for your current financial well-being.

At Fogwill and Jones, we help individuals like you make the most of their pension savings today while planning for a secure tomorrow.

What is a Personal Pension?

A Personal Pension is a type of pension that gives you greater control over how your retirement savings are invested. Unlike standard workplace pensions, a Personal Pension allows you to choose from a broad range of investments, including stocks, bonds, funds, and even commercial property.

The key advantage? Flexibility – you can adapt your investments to suit your financial strategy.

How Can a Personal Pension Benefit You Now?

1. Tax Relief – An Immediate Boost to Your Savings

One of the biggest benefits of contributing to a Personal Pension is the generous tax relief offered by the government. Every time you add money to your pension, HMRC boosts your contributions:

• Basic rate taxpayers: For every £80 you contribute, the government adds £20 (effectively a 25% boost).

• Higher rate taxpayers: You can claim back an additional 20% through your tax return.

• Additional rate taxpayers: You can claim back up to 25% more, making your pension an incredibly tax-efficient way to save.

This means that by using a Personal Pension strategically, you can reduce your tax bill while increasing your long-term savings.

2. A Personal Pension Can Support Your Investment Strategy

With a Personal Pension, you’re not tied to a limited set of investment options. Instead, you can:

• Diversify your portfolio across different sectors and geographical regions.

• Invest in high-growth assets with long-term potential.

• Adjust your investment strategy as your career and financial goals evolve.

For working accumulators, this level of control means your pension isn’t just a passive savings pot – it’s an active part of your wealth-building strategy.

3. Early Access – A Flexible Retirement Approach

While your Personal Pension is primarily for retirement, you don’t have to wait until your 60s to benefit from it. From age 55 (rising to 57 in 2028), you can start withdrawing from your pension – tax-free on the first 25%.

This flexibility opens up opportunities such as:

• Paying off your mortgage or clearing debts.

• Reducing your working hours and transitioning into semi-retirement.

• Investing in other wealth-building opportunities.

Thinking ahead means you won’t be forced to work longer than necessary – you’ll have the option to access your pension on your own terms.

4. Pensions as a Family Wealth Tool

Unlike many other investments, a Personal Pension can be passed down tax-efficiently. This means that instead of being hit with hefty inheritance tax bills, your pension could become a valuable financial asset for your family.

With the right planning, your pension can:

• Support your loved ones in the future.

• Be used as an estate planning tool.*

• Ensure your wealth is preserved across generations.

 

The Sooner You Start, the More Options You Have

Many people don’t realise just how powerful a pension can be before retirement. By thinking strategically and acting early, you can:

• Reduce your tax bill

• Grow your investments on your own terms

• Ensure financial flexibility for future life changes

• Retire when you want – not when you have to

How We Can Help

At Fogwill and Jones, we specialise in helping professionals and business owners maximise their pensions as part of a wider financial strategy. We offer:

• Personalised investment guidance.

• Tax-efficient pension planning tailored to your income.

• A long-term strategy that balances today’s needs with tomorrow’s goals.

Your pension isn’t just for retirement – it’s a financial tool you can use today. Let’s make it work for you, call us on 01142 588899 or email info@fogwilljones.co.uk to book a consultation and learn more about how we can help you to start planning smarter.

*Disclaimer: From April 2027, under the new inheritance tax rules, pensions will form part of a person’s estate upon death and will be subject to inheritance tax.

For those approaching retirement, ensuring your investments are working as hard as you’ve worked is crucial. The right investment strategy isn’t just about choosing the biggest brands or the most popular sectors – it’s about understanding where and how your money is being invested. This is where geographical and sector-specific research becomes invaluable.

At Fogwill and Jones, we specialise in helping you make informed investment decisions that align with your long-term financial goals. By leveraging in-depth research into different regions and industries, we ensure your portfolio is positioned for sustainable growth and stability.

Why Research Matters in Investment Decisions

Markets don’t move in unison. Different regions and sectors perform differently depending on economic cycles, policy changes, and global events. Without a well-researched approach, investors may expose themselves to unnecessary risks or miss out on lucrative opportunities.

Key Benefits of Geographical and Sector-Specific Research

1. Diversification for Risk Management Investing across various regions and industries reduces the risk associated with market downturns. For instance, if one sector underperforms, another may outperform, balancing overall returns.
2. Capitalising on Growth Opportunities Emerging markets or booming sectors can offer higher returns than more mature markets. By understanding where growth is likely to occur, investors can benefit from early positioning.
3. Mitigating Economic and Political Risks Global markets are influenced by factors such as interest rates, inflation, and government policies. Thorough research ensures that your investments aren’t overly exposed to unstable regions or volatile industries.
4. Adapting to Market Trends The investment landscape is constantly evolving. From advancements in technology to shifts in consumer demand, sector-specific research helps investors stay ahead of market trends and adjust their portfolios accordingly.

Example:

Imagine an investor focusing solely on UK-based companies in the retail sector. If economic downturns or policy changes negatively impact consumer spending, their entire portfolio could suffer. However, by diversifying into sectors like healthcare or technology, and spreading investments across stable international markets, they could balance potential losses.

Why You Need an Expert

Conducting this level of research requires time, expertise, and access to the right data. At Fogwill and Jones, we take a meticulous approach to investment research, ensuring your portfolio is optimised for both growth and security. We analyse global trends, assess economic conditions, and identify the strongest sectors to help you make informed decisions.

Plan for a Secure Retirement

As you approach retirement, securing your wealth and ensuring long-term financial stability is paramount. Don’t leave your investments to chance – work with experts who can provide the insights and strategies needed to maximise your returns.

Get in touch with us today to discuss how we can help tailor your investment strategy to your specific goals. Call us on 01142 588899 or email info@fogwilljones.co.uk to book a consultation.

Secure your future with confidence – let’s make your investments work smarter for you.

Retirement is a pivotal milestone in life, yet it’s often surrounded by uncertainty. How much should you save? Will your investments last? Are you prepared for changing financial landscapes? These are critical questions, especially as you approach the final decade before retirement. Proactive planning now can make the difference between financial security and unexpected shortfalls later.

At Fogwill & Jones, we help individuals and families build tailored retirement strategies, ensuring they are ready for life’s next chapter. With the right preparation, the next 10 years can be the foundation of a comfortable, worry-free retirement.

Why the Next 10 Years Matter

Time to Build and Adjust:

While retirement may seem like it’s fast approaching, a decade provides ample opportunity to solidify your plans, optimise investments, and address gaps. By taking action now, you can set yourself up for a secure future.

Changing Economic Realities:

Inflation, interest rates, and market trends can all impact retirement savings. A plan you felt confident in five years ago may no longer provide the security you need. Regular reviews and adjustments are crucial during this time.

Health and Lifestyle Considerations:

Your retirement isn’t just about finances – it’s about how you want to live. Will you travel, downsize, or take on part-time work? Clear goals help ensure your financial strategy aligns with your desired lifestyle.

Steps to Prepare for Retirement

1. Evaluate Your Current Savings

Take stock of your existing retirement accounts, investments, and other assets. Are you on track to meet your goals? Tools like retirement calculators or a financial advisor can help clarify your position.

2. Maximise Contributions

In the years leading up to retirement, tax-advantaged accounts like pensions or ISAs can be your best friends. Take advantage of catch-up contributions and maximise your annual allowances to boost your savings.

3. Review Your Investment Strategy

As retirement nears, it’s essential to balance growth and security in your portfolio. Younger investors may lean towards equities, but the focus should shift towards stability as you approach retirement.

4. Plan for Healthcare

Healthcare costs are one of the largest expenses in retirement. Understanding your coverage and setting aside funds will ensure you’re prepared for unforeseen circumstances.

5. Test Your Plan

Simulate your retirement budget by living on your anticipated income for a few months. This practice can reveal gaps or areas for improvement, giving you time to adjust before retirement becomes a reality.

How We Can Help

At Fogwill & Jones, we specialise in guiding clients through retirement planning, providing expert advice tailored to your individual needs. Here’s how we can assist:

Personalised Retirement Planning: We work with you to create a detailed roadmap, addressing everything from income sources to lifestyle aspirations.

Investment Optimisation: Our advisors ensure your portfolio is diversified and aligned with your evolving risk tolerance and goals.

Tax Efficiency: We identify strategies to minimise tax liabilities, allowing you to maximise your retirement income.

Adapting to Life Changes: Whether you’re considering early retirement or need to reassess your timeline, we help you stay flexible.

Comprehensive Reviews: Regular check-ins ensure your plan remains resilient amidst changing markets and personal circumstances.

Case Study: Preparing John and Sarah for a Comfortable Retirement

John and Sarah, both in their mid-50s, came to us feeling uncertain about their retirement plans. Their goals included downsizing their home, funding travel, and ensuring they had enough for healthcare.

After assessing their situation, we implemented key changes:

Increased Contributions: By maximising their pension contributions, we boosted their retirement savings.

Portfolio Adjustments: Their investments were rebalanced to include lower-risk assets while maintaining potential for moderate growth.

Tax Optimisation: We utilised tax-efficient vehicles to shield their savings from unnecessary liabilities.

Now, John and Sarah feel confident in their ability to retire comfortably, with a clear plan to enjoy their golden years.

Don’t Leave Retirement to Chance

Retirement planning is about more than numbers – it’s about preparing for the life you want. At Fogwill & Jones, we’re here to help you navigate every step of the journey.

Contact us today on 01142 588899 or email info@fogwilljones.co.uk to schedule a consultation. Together, we can build a strategy that ensures your retirement is as rewarding as you’ve always envisioned.

The rise of AI and robo-advice has dramatically changed the world of investing. These technologies offer convenience, speed, and accessibility, making them an appealing choice for investors looking to build wealth with minimal effort. But while AI-driven tools can be a valuable part of the investment process, they may not always provide the depth, nuance, and personalised guidance that a human advisor can offer.

At Fogwill & Jones, we embrace the benefits of technological advancements while recognising the irreplaceable value of personal relationships. Here, we explore the strengths and limitations of AI and robo-advice, and why expert human advisors remain essential in building and managing wealth effectively.

The Appeal of AI and Robo-Advisors

AI and robo-advisors have gained popularity for several reasons, particularly among tech-savvy and cost-conscious investors. Here’s what they bring to the table:

1. Accessibility: Robo-advisors offer entry-level investment options with low minimum balances, making investing more accessible for beginners.
2. Automation: From portfolio rebalancing to tax-loss harvesting, robo-advisors automate tasks that would traditionally require time and expertise.
3. Cost-Effectiveness: With lower fees than traditional advisory services, robo-advisors are attractive for those seeking affordable investment solutions.
4. 24/7 Availability: AI tools operate without time constraints, offering round-the-clock support for account management and queries.

For investors with straightforward goals, these advantages can be appealing. However, when it comes to more complex financial needs, AI has its limitations.

The Limitations of AI in Wealth Management

While AI and robo-advisors are advancing rapidly, there are critical aspects of wealth management where they fall short.

1. Understanding the Bigger Picture: AI excels at analysing data but struggles to comprehend the unique complexities of human lives. Your financial goals, values, and long-term aspirations require a nuanced understanding that only a human advisor can provide.
2. Adapting to Life Changes: Major life events, such as career transitions, inheritance, or planning for a child’s education, require adjustments to your financial strategy. AI tools may lack the intuition to address these changes effectively or proactively.
3. Emotional Support: Investing isn’t purely rational. During market downturns, human advisors offer reassurance, helping clients avoid knee-jerk reactions and maintain long-term strategies. Robo-advisors, on the other hand, provide data but no empathy.
4. Customisation Beyond Algorithms: Robo-advisors follow predefined algorithms, which can lead to cookie-cutter solutions. Human advisors are able to craft tailored strategies that account for intricate tax situations, estate planning, and intergenerational wealth transfer.
5. Trust and Relationships: Wealth management isn’t just about returns, it’s about trust. A human advisor builds a relationship with you over time, providing personalised advice that evolves with your life.

Why Human Expertise Matters

We recognise the benefits of technology and incorporate AI tools to enhance our services at Fogwill & Jones. However, we firmly believe that human expertise is irreplaceable when it comes to achieving your financial goals. Here’s why:

1. Bespoke Financial Strategies: We take the time to understand your individual circumstances, crafting strategies that align with your lifestyle, goals, and values.
2. Proactive Advice: Our advisors monitor your portfolio and adapt it to evolving market conditions, tax laws, and personal circumstances, ensuring your plan remains relevant and effective.
3. Holistic Approach: Beyond investments, we consider your entire financial landscape, from retirement planning to legacy building, ensuring your wealth works for every aspect of your life.
4. Human Insight: Navigating uncertainties requires intuition and experience. Our advisors bring decades of expertise to guide you through challenges and opportunities.
5. Long-Term Relationships: We are partners in your financial journey, providing ongoing support and advice that evolves as your life and goals change.

Case Study: Balancing AI Tools with Human Expertise

James, a tech entrepreneur in his 30s, initially used a robo-advisor to manage his investments. While the platform offered simplicity, James soon realised its limitations as his finances became more complex. After selling his company, he needed advice on tax efficiency, estate planning, and diversifying his portfolio.

We worked with James to:

• Streamline His Portfolio: Combining AI tools for data analysis with our human insight, we built a strategy that balanced growth and stability.
• Optimise His Tax:  Our advisors identified ways to reduce James’ tax liabilities through bespoke solutions unavailable in standard robo-advisor algorithms.
• Plan Long-Term: We created a holistic plan to align his investments with his long-term goals, including philanthropy and family wealth preservation.

By combining AI-powered insights with personalised advice, James now enjoys the benefits of both worlds – efficiency and expertise.

The Best of Both Worlds

AI and robo-advisors are powerful tools, but they are just that – tools. When it comes to wealth management, nothing replaces the personalised guidance, emotional intelligence, and strategic insight of a trusted human advisor. At Fogwill & Jones, we leverage technology to enhance our services, but we never compromise on the human touch.

Ready to experience the difference personalised advice can make? Contact us today on 01142 588899 or email info@fogwilljones.co.uk to find out how we can help you achieve your financial goals with confidence and care.

 

Planning for financial stability in later life is a crucial step, especially after significant life events like receiving an inheritance or taking early retirement. This case study highlights how a client sought financial advice to align their investments with their values while ensuring long-term growth and stability. Robert Wilkinson, one of Fogwill & Jones’ expert advisors, provided tailored financial guidance, helping the clients transition into a more secure financial future with a focus on ethical investments.

What were the circumstances that caused you to initially look for an adviser?

USS scheme for one of us resulting in early retirement pension and lump sum, in addition to recent inheritance and the need to make good financial planning for later life.

How has Robert Wilkinson helped you?

Rob has taken over from our previous financial advisor in Fogwill and Jones, and he has just conducted our annual review. He understood our concerns, particularly our motivation to use our money in positive ethical investments, and gave us a good explanation of where things stand with our investments and was thorough in assessing the level of risk we feel comfortable with, I appreciated his personable and frank approach and feel we are in safe hands. Thanks Rob!

Have you seen the outcome you were hoping for?

Yes in the sense that our investments are beginning to show signs of recovery after the shock of COVID.

What could they have done better?

Nothing – we will have a follow up meeting in a couple of months.’

Conclusion

This case study demonstrates the importance of personalised financial advice when managing significant financial changes and aligning investments with personal values. Through a comprehensive and empathetic approach, Robert has helped the clients navigate their current financial circumstances while positioning them for long-term success. By prioritising ethical investments and tailored risk strategies, Fogwill & Jones has provided the client with a solid foundation for a sustainable and value-driven financial future.

When you’re in your 20s, planning for retirement can seem like a distant and irrelevant concept. Between student loans, rent, and saving for immediate goals like travel or buying your first home, it’s easy to put pensions on the back burner. But the reality is that the earlier you start pension planning, the better positioned you’ll be for long-term financial security.

At Fogwill & Jones, we work with clients of all ages to help them prepare for their future. For those under 30, taking steps now can dramatically improve the quality of your retirement years, thanks to the power of compounding growth and strategic saving. As independent financial planners, we offer tailored advice to make pension planning simple, efficient, and rewarding.

Why Start Early?

One of the most compelling reasons to begin pension planning in your 20s is compound interest – the concept of earning interest not only on your savings but also on the already accumulated interest. The earlier you begin contributing to your pension, the more time your money has to grow.

Example:

Sarah starts saving £200 a month into her pension at age 25.

Tom delays saving until he’s 35 but contributes £300 a month to make-up for lost time.

By retirement age (67), Sarah could have a pension pot worth around £340,000, assuming 5% annual growth.

Despite contributing more each month, Tom’s pension pot could be worth only £270,000.

The key takeaway? Starting early, even with small contributions, can have a significant impact on your overall pension savings.

The Benefits of Pension Planning in Your 20s

Employer Contributions: If you’re employed, it’s likely your workplace offers a pension scheme. Under auto-enrolment rules, employers must contribute to your pension alongside your own savings. It’s essentially free money towards your retirement, so don’t miss out!

Tax Relief on Contributions: The government provides tax relief on pension contributions, making your savings even more efficient. For every £80 you put into your pension, the government adds £20 (basic rate relief), which instantly boosts your contributions.

Long-Term Financial Freedom: Planning for retirement early allows you to control your future financial independence. Starting early means you’ll need to save less overall each month to reach your target, giving you flexibility as life evolves.

Access to Expert Financial Planning: By working with independent advisors like Fogwill & Jones, you’ll receive a clear, actionable plan tailored to your lifestyle, goals, and circumstances. From understanding your pension scheme to exploring investment opportunities, we ensure your strategy is both effective and flexible.

How Fogwill & Jones Can Help

At Fogwill & Jones, we specialise in helping clients secure their financial future. For those under 30, our approach focuses on clear, actionable steps:

Maximise Employer Contributions: We review your workplace pension options to ensure you’re making the most of any employer contributions available to you.

Optimise Your Savings: Our advisors can help you identify how much to save each month to meet your retirement goals without sacrificing your current lifestyle.

Invest Wisely for Long-Term Growth: With decades ahead, your pension savings have time to ride out market fluctuations. We help you allocate your pension investments to maximise growth while managing risk.

Plan for Changing Circumstances: Your career and life goals will change over time. We ensure your pension strategy evolves with you, whether you change jobs, become self-employed, or take a career break.

Case Study: Helping Tom Build His Pension Early

Tom, a 28-year-old marketing executive, came to Fogwill & Jones unsure about his pension contributions. After a review, we discovered he wasn’t taking full advantage of his workplace scheme, and his contributions were below the recommended level for his age.

Our solution:

• We increased Tom’s contributions to match his employer’s offering, which effectively doubled his monthly savings.
• We invested his pension pot in a growth-focused portfolio designed for long-term returns.
• We set a realistic savings target to help Tom achieve a comfortable retirement without affecting his current financial priorities.

By acting now, Tom boosted his pension savings trajectory and is on track to achieve financial independence by retirement age.

Don’t Delay Your Future

Pension planning might not seem urgent when you’re under 30, but the decisions you make today will shape your financial future. Starting early gives you more flexibility, better returns, and less stress down the line.

At Fogwill & Jones, we help clients take control of their pensions and plan for the future they want. Whether you’re just starting your career or looking to review your savings strategy, we’re here to guide you every step of the way.

For personalised pension advice, contact us on 01142 588899 or visit our website. Secure your future now, and let us help you achieve your retirement goals with confidence.

Investing is a crucial step towards building long-term financial security, but simply creating an investment plan and leaving it untouched can be risky. Financial markets, personal circumstances, and economic environments are constantly evolving, and your investment strategy needs to keep pace. Regular reviews of your investment plan ensure it remains aligned with your goals, risk tolerance, and changing life circumstances.

At Fogwill & Jones, we help our clients regularly review and optimise their investment strategies, ensuring they remain on track to achieve their financial objectives while adapting to changes in the market and in their personal lives.

Why Regular Investment Reviews Matter

Your Goals Can Change: As life progresses, your financial goals may evolve. Whether you’re saving for a home, planning for your children’s education, or preparing for retirement, your investment plan needs to reflect your current priorities. Regular reviews ensure your strategy adapts to your goals and life stage.

Market Conditions Fluctuate: Financial markets are dynamic, with periods of growth and volatility. A portfolio that was well-diversified and performed well last year may not be as effective in the current market environment. Regular reviews allow you to rebalance your portfolio, ensuring it remains resilient and aligned with your risk tolerance.

Risk Tolerance May Shift: Your attitude towards risk is likely to change over time. For example, as you approach retirement, you may prefer more stable, lower-risk investments. Conversely, younger investors might lean towards higher-growth opportunities. Regular reviews ensure your portfolio reflects your current risk appetite and investment timeline.

Taking Advantage of Opportunities: Markets present new opportunities all the time, whether in emerging sectors, tax-efficient vehicles, or strategic investments. Regular reviews enable you to identify and capitalise on these opportunities while adjusting your portfolio to avoid unnecessary risks.

Tax Efficiency: Tax regulations change, and ensuring your investments remain tax-efficient is crucial. Regular reviews can help identify opportunities to minimise your tax liabilities, such as using ISAs, pensions, or other tax-efficient investment vehicles.

How Fogwill & Jones Can Help

At Fogwill & Jones, we offer expert guidance and regular investment reviews to help our clients stay on track. Here’s how we can assist:

Comprehensive Portfolio Reviews: We conduct thorough reviews of your existing investments to assess performance, diversification, and risk exposure. Our advisors ensure your portfolio remains aligned with your goals and market conditions.

Rebalancing Your Portfolio: Over time, investments can drift from their original allocations due to market movements. We help you rebalance your portfolio to maintain the desired mix of assets, ensuring optimal performance and risk management.

Adapting to Life Changes: Whether you’re changing careers, starting a family, or preparing for retirement, our advisors ensure your investment plan evolves with your circumstances.

Maximising Tax Efficiency: We review your investments to identify tax-saving opportunities, such as maximising your ISA and pension allowances or utilising Capital Gains Tax exemptions.

Identifying New Opportunities: The financial landscape is constantly evolving, and we keep you informed about new opportunities to enhance your portfolio’s growth potential.

Case Study: Keeping Emma’s Investments on Track

Emma, a 40-year-old professional, originally invested in a growth-focused portfolio a decade ago to build wealth for her future. However, during a recent review with Fogwill & Jones, we identified several areas for improvement:

Rebalancing: Emma’s portfolio had become overly weighted in high-risk assets due to market gains. We rebalanced her investments to include a more diversified mix of equities and bonds.

Tax Efficiency: We moved part of her portfolio into ISAs to protect future growth from tax liabilities.

Aligning Goals: Emma’s focus had shifted towards saving for her children’s education. We adjusted her strategy to include specific investments targeting her new priorities.

By conducting a regular review, Emma’s investments are now aligned with her current goals and risk profile, positioning her for long-term success.

Don’t Leave Your Investments to Chance

An investment plan is not something you can set and forget. Regular reviews are essential to ensure your portfolio remains robust, efficient, and aligned with your goals. At Fogwill & Jones, our experienced advisors provide proactive, personalised guidance to help you optimise your investments and achieve financial security.

For a comprehensive investment review, contact us on 01142 588899 or visit our website. Let us help you keep your investment strategy strong, adaptive, and ready for the future.

Navigating life after taking voluntary severance and facing health challenges can be daunting, especially when it impacts financial stability. This case study highlights how a client sought professional financial advice after transitioning to a part-time business venture that didn’t fully cover their income needs. Robert Wilkinson, one of Fogwill & Jones’ expert advisors, provided tailored financial guidance, helping the client manage their investments and plan for a sustainable financial future. 

What were the circumstances that caused you to initially look for an adviser? 

‘I took voluntary severance from work, partly on health grounds. I set up a small private business to provide some ongoing income as I was some years from full retirement age. Owing to health conditions, I am only able to work part-time, and this doesn’t provide enough income. Robert’s colleague with whom I previously worked helped me set up some investments and later to access a small occupational pension and linked AVCs. Robert has recently taken over my affairs from his colleague.’ 

How has Robert Wilkinson helped you? 

‘Robert has performed the annual review of my investments, in the context of my current, broader financial circumstances. We have met and discussed this and, considering his advice, have planned investments for the coming year. I raised some questions and concerns about the narrow margin and occasional shortfall between my earnings and outgoings, and needing to use savings to bridge the gap. In particular, I am concerned how sustainable this position might be over the remaining years until my next modest occupational pension pot becomes available. Robert has prepared a cashflow report, which we will meet to consider together. Robert has also checked in with me about the benefits of setting up Lasting Powers of Attorney – something I have intended to do but needed a reminder to action!’ 

Have you seen the outcome you were hoping for? 

‘I have only been working with Rob for a very short time so it’s too early to track outcomes from financial investments. But I’m very pleased with Robert’s work for me so far. I have found him very friendly, approachable, open and down to earth – easy to work with. He has been prompt and responsive in following issues up from meetings and discussions. It feels like he very quickly formed a useful ‘360 degree’ sense of where I am, where I want to be, and things that might be useful to consider. I have found this very reassuring.’ 

Conclusion 

This case study underscores the value of personalised financial advice during transitional life stages. Through proactive and empathetic engagement, we helped the client navigate immediate financial challenges and prepare for future needs. As the relationship progresses, the client looks forward to achieving sustainable financial outcomes, thanks to our comprehensive and client-focused approach.