Home income plans can bring happiness

Home income plans can form a reliable source of funds in retirement, giving people peace of mind.

It is especially important to plan better for one's financial future as a recent study links happiness with financial control rather than income range.

The Feel-Good Insight Study carried out by insurance provider Aviva found that 62 per cent of people with high self-esteem had planned their finances for the long-term, setting targets and goals.

It was also found that 68 per cent of respondents with high self-esteem were in full control of their everyday financial plans.

The results of the survey indicate that 22 per cent of participants earning more that £50,000 had self-esteem levels way below the average.

Fifty two per cent of women reported feeling "overwhelmed" when dealing with financial documents while only 12 per cent of female respondents said they were comfortable coping with jargon.

Recently, Aviva head of pensions Paul Goodwin advised people to opt for a variety of income sources rather than rely on a single one during their retirement.

Ashall Glover Financial Services home income plan advisers