Your destiny is now in your own hands
If you are in your 50s or 60s, your thoughts are probably turning towards retirement. When should you retire? How much money do you need? Continue reading “Retirement longevity”
Category: Retirement
Retirement matters
Freedoms to gain accessing your pension pot
Changes to pension rules introduced in 2015 mean you’ve now greater access to your pension. It might seem like a far-off prospect, but knowing how you can access your pension pot can help you understand how best to build for the future you want. Continue reading “Retirement matters”
Pension freedoms
Over one million UK savers embrace relaxation of rules
The Government’s announcement on the relaxation of pension rules changed the investment landscape, and pension freedoms show no sign of losing their popularity. Continue reading “Pension freedoms”
Dreaming of escaping a working life for retirement?
Getting your date right will help your plans stay on target
Some people will have set their retirement date when they were in their 20s or 30s, and a great deal will have changed since then, including their State Pension age and perhaps their career plans. Continue reading “Dreaming of escaping a working life for retirement?”
Making plans for your retirement
Tailored to match your particular needs and aspirations
One of the most important stages in life which everybody has to save for is retirement. We work hard to enjoy our current lifestyle, but are we doing enough to ensure that we can continue to enjoy it in our retirement? Many of us live for today, but saving into a private pension plan can help us retire sooner rather than later. Continue reading “Making plans for your retirement”
Preparing for your upcoming retirement
Considering the practicalities of fulfilling your desired lifestyle
If you are aiming to retire within the next five years, it’s time to get into the mindset of considering the practicalities of fulfilling your desired lifestyle and making plans. Continue reading “Preparing for your upcoming retirement”
Lifetime allowance
Breach may impact on more than a million workers
An estimated 1.25 million people are set to breach the current lifetime allowance (LTA) £1.055 million lifetime limit for pension tax relief over the course of their working life, according to new research published[1]. Continue reading “Lifetime allowance”
State Pension
Half a million workers past pension age could be paying unnecessary tax
A significant number of people working past the State Pension age could be paying unnecessary tax on their State Pension, according to new research[1]. This is because they failed to take up the option of deferring their State Pension until they stopped work. As a result, their entire State Pension is being taxed, in some cases at 40%. Continue reading “State Pension”
Tracing a lost pension
Nearly £20 billion unclaimed money and growing
The scale of the UK’s lost pensions mountain has been exposed by the largest study yet on the subject[1]. The Pensions Policy Institute surveyed firms representing about 50% of the private defined contribution pensions market[2]. Continue reading “Tracing a lost pension”
Freetirees
Pension freedoms usher in a new generation
The introduction of pension freedoms has been a huge enabler for over-55s, allowing millions to draw income from their pensions flexibly. Pension freedoms offer the opportunity to transition into retirement by continuing to work with reduced hours beyond traditional retirement age. Continue reading “Freetirees”