The way that pension freedoms are being used is becoming something of a worry for some financial experts.
Autumn Statement & Spending Review 2015
Auto-Enrolment and Pension Flexibility
Pension Misconceptions
How To Top-Up Your Pension
Are Young Workers Saving Enough for Retirement?
Huge Lump Sums Withdrawn from Pensions
Changes to Your Pension Annual Allowance
How to Avoid Pension Scams
Pensions and The Debt Cycle
Planning for retirement is important, however it extends much further than organising the best pension you can. It has recently been revealed that a worrying number of over 55s are approaching retirement with substantial debts still outstanding, which could drastically impact the amount of pension the individual has access to.
Changes to Pension Tax Relief
With the announcement of the emergency budget on July 8th, there are expected to be many changes to a number of financial legislations. One expected change is to the way tax free allowance is structured. Pre-election, the Conservative manifesto included details about how high earners’ tax relief would be decreased in order to fund an inheritance tax allowance increase of up to £1 million.
What Does the Election Mean for Your Finances?
With the upcoming General Election, it may be time to think about your finances ahead of changes to current policies and legislation. As we get closer to the day, it is wise to read up on what a new government will mean for your savings and investments. With a hung parliament likely, some of the smaller parties may get chance to push through some of their policies which could come as a surprise to some.
Budget 2015
Helping Your Employees Prepare for Retirement
By now, all small businesses should be aware of workplace pensions. You might have seen the advertising on TV – ‘Workplace Pensions. We’re All In’. That may already be true of the country’s largest businesses, but to smaller businesses and their employees, implementation is now looming large on the horizon. If you employ one or more qualifying people, then at some point you will have to comply and set up a qualifying Auto Enrolment Pension Scheme.
Are You Ready for Retirement?
Planning for retirement is not a straightforward process, and when it comes to choosing a pension there are lots of different things to take into account. You may not be aware, but there are actually three different types of pensions. Let’s explain a little about them…
5 Things to Consider When Choosing A Pension
Pensions - Top 5 Things to Think About
Recently, we looked at how pension flexibility allows you to use your pension “like a bank account” once you reach the minimum age.
For those of you who are not yet at retirement, may have questions about pensions and what you need to consider when planning for the longest holiday of your life – retirement. Here are our top 5 things to think about when organising your pension.
Making the Most of Pension Flexibility
“Freedom and choice in pensions” is something of a hot topic at the moment, but you may be unaware of what this means for you. After April 2015, once you reach the minimum retirement age of 55 (this may be earlier if forced to retire due to ill-health) you will have the freedom to access your personal/company pension as and when you please. There will no longer be an annual limit on how much you are allowed to withdraw and you will be able to use your pension fund “like a bank account”.