{"id":697,"date":"2021-05-13T10:26:15","date_gmt":"2021-05-13T09:26:15","guid":{"rendered":"https:\/\/new.contentdeployment.co.uk\/tomd\/?p=697"},"modified":"2021-06-25T10:27:06","modified_gmt":"2021-06-25T09:27:06","slug":"financial-support-for-family-the-norm-for-a-third-of-retirees","status":"publish","type":"post","link":"https:\/\/new.contentdeployment.co.uk\/tomd\/2021\/05\/13\/financial-support-for-family-the-norm-for-a-third-of-retirees\/","title":{"rendered":"Financial support for family \u2013 the norm for a third of retirees"},"content":{"rendered":"<div class=\"hd-block hd-block-paragraph\">\n<p>A third of those planning to retire last year, expected to support their families financially, providing handouts totalling over \u00a33,700 a year, or \u00a3311 a month, although 12% expect to contribute \u00a3500 or more<sup>1<\/sup>. Top priorities for those supporting loved ones include living and accommodation costs. Almost a quarter (24%) will give family members regular cash to cover everyday living costs such as food, and 20% cover some or all of their household bills. A further 19% pay for treats such as holidays and 15% have put money towards a property purchase.<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><strong>Don\u2019t forget your financial security<\/strong><\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>It\u2019s natural to want to provide support to loved ones, especially with the current economic situation impacting people\u2019s finances. However, with the pandemic also affecting pension savings, this could restrict your ability to continue to support family members. Talking to us can help you quantify how much support you can provide without compromising your financial future.<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><sup>1<\/sup>Key, 2020<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><strong><em>The value of investments and income from them may go down. You may not get back the original amount invested. Inheritance Tax Planning is not regulated by the Financial Conduct Authority. A pension is a long-term investment. The fund value may fluctuate and can go down. Your eventual income may depend on the size of the fund at retirement, future interest rates and tax legislation.<\/em><\/strong><\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>A third of those planning to retire last year, expected to support their families financially, providing handouts totalling over \u00a33,700 a year, or \u00a3311 a month, although 12% expect to contribute \u00a3500 or more1. Top priorities for those supporting loved ones include living and accommodation costs. Almost a quarter (24%) will give family members regular [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":698,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[32,89,88],"tags":[],"hd_content_source":[],"_links":{"self":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts\/697"}],"collection":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/comments?post=697"}],"version-history":[{"count":1,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts\/697\/revisions"}],"predecessor-version":[{"id":699,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts\/697\/revisions\/699"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/media\/698"}],"wp:attachment":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/media?parent=697"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/categories?post=697"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/tags?post=697"},{"taxonomy":"hd_content_source","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/hd_content_source?post=697"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}