Scammers targeted pension pots large and small, with individual losses ranging from under £1,000 to as much as £500,000. The average victim was described as a man in his 50s – but this could happen to anyone, so what can you do to avoid it happening to you?
Category: Financial News & Events, Retirement & Pensions
Not surprisingly, I’m a big believer in planning. That’s especially true when it comes to the golden years of our retirement. But will those years really be golden, or more like copper?! I am in the fortunate position to have met and shared the retirement plans of thousands of couples over my 25 years as…
Category: Retirement & Pensions
In the run up to most Budgets it is common to hear rumours suggesting some form of cut to pensions tax relief, however, this year it seems more likely than usual. Discover how to maximise higher rate relief before the tax year end.
Category: Retirement & Pensions
A defined benefit pension is the gold standard of pensions, the scheme promises you a guaranteed income at your agreed retirement age for the rest of your life, the amount of income you receive will rise in line with inflation and the amount you receive is based on the number of years you were a member of the scheme and your pensionable salary.
These schemes offer benefits, which for the majority of cases mean that they are best left alone until your scheme retirement date, however, if you wanted to retire early, should you take benefits early?
Category: Retirement & Pensions
A reader recently emailed in with a question about his and his wife’s SIPP pension. The question surrounded the readers’ wife, who is a nontax payer now, and is likely to remain a nontax payer. Find out how this could affect your own pension withdrawals.
Category: Retirement & Pensions
How much do you need to save for retirement? The answer to this question is probably, more than you think. Many financial experts would start with £1 million, which is likely to provide you with a taxable income of around £40,000pa. So how much do you need to earn & save in order to reach this target?
Category: Retirement & Pensions, Saving & Investing
If you are employed your employer should have in place a workplace pension scheme, which is most likely a personal pension. The rules say there are three types of employee to consider for a workplace pension depending on your age and income, find out more.
Category: Financial News & Events, Retirement & Pensions
We’ve now got auto-enrolment helping most of us save for retirement. But what if you’re in your 40s or older, and don’t have much of a pension pot built up yet? Read this article to find out more about how to get organised and save for your retirement.
Category: Retirement & Pensions, Saving & Investing
Running out of money in retirement is a scary thought, as we age we feel more fragile and venerable, a secure pension income during our retirement years gives us peace of mind, but how much should you be saving?
Category: Retirement & Pensions
Do you remember that you were automatically enrolled in your employers’ workplace pension scheme some time ago? Well, the payments which are made into this scheme are increasing this month, so you’ll see a change in your payslip, but it’s not all bad news.
Category: Financial News & Events, Retirement & Pensions
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