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Insights from the Charles James team
What Is An Annuity?
An annuity is a financial product that allows you to convert your pension savings into a guaranteed, fixed income for the rest of your life - often referred to as a secure income.
Choosing an annuity is a significant decision, as it is usually irreversible. That’s why it’s essential to fully understand how annuities work, the different types available, and the features they offer before making a commitment…
The Importance of Nominating Your Beneficiaries
Deciding what happens to your pension when you die might not be front of mind, but if it is sorted it could give you peace of mind.
So, why is nominating your beneficiaries and keeping them up-to-date important?
Retirement Planning - How to Secure Your Future
Retirement is a significant life event that requires careful planning to ensure a financially secure and fulfilling future. Regardless of your situation, retirement planning shares common principles and steps that are essential for setting yourself up for success.
Here, we will explore the key factors and actionable strategies worth considering when planning for retirement.
Top 5 considerations when preparing for retirement
After years of hard work, the time has finally come to begin thinking about retirement and it pays to be prepared as retirement nears.
When Can You Claim Your State Pension?
The State Pension conditions have gradually changed, leaving many confused as to when they are allowed to claim it and how much they are entitled to.
Pensions: The Basics
Many people, especially young people, put off contributing into a pension as they just aren’t sure how and why they should. Here are the basics of pensions to help you maximise your retirement fund.
Checking Your State Pension
Many are being advised to check their state pension forecast in advance, in order to avoid disappointment and give themselves time to prepare.
Most Britons Expect to Work Past the Age of 65
The majority of Britons expect to work past retirement age as worries about the size of pension pots surface.
The State Pension Age Could Rise to 70
Analysis of government documents reveals the DWP are considering a state pension age (SPA) increase.
Pension Annuity Sale Scheme Scrapped
The Treasury reverses their decision to allow pensioners cash in their annuities.
Inflation Rises To 1%
Rising costs have led to the highest inflation levels in almost two years.
National Insurance Costs Set to Rise
From the 6th April, around 6 million workers will see a rise in their National Insurance costs.
The UK Government Overhauls State Pensions
The new state pension system takes effect from April 6, and thousands without the necessary national insurance contributions to their name will not receive anything.
Women Receive Smaller Pensions Than Men
When it comes to pensions, women have as little as 50% of the average savings of men.
Pension Misconceptions
It’s quite easy to let the details of pensions pass you by, so we take a look at some of the myths about retirement planning.
How To Top-Up Your Pension
From the 12th October, you could be entitled to receive an extra £25 a week in state pension.