Announcing plans for how the Government proposes to handle the deficit, pensions, tax, savings and public spending (to name a handful of topics), economists have been examining the details and identifying the budget's impact. 

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.

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…

Pensions are a tax advantaged way of saving for retirement. You may already have a pension you can pay into, such as a work pension. If you haven’t got one already, and are looking into starting one, you may want to consider the following…

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.

“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”.