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FAQs

What Are The Risks When Investing Money?

When you invest money there is always a level of risk but there are different types of investments out there […]

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How Does A Mortgage Work?

A mortgage is a loan that helps you purchase a property. You will be required to put down a deposit […]

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What Are The Different Types Of Mortgages?

There are capital repayment mortgages where you pay off the interest and a bit of the capital at the same […]

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Should I Pay Off My Mortgage Early?

There are options to do so but also costs involved in some cases. If you work with a financial planner […]

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What Is A Pension & How Does It Work?

A pension is the most common way of saving for your retirement.  There are lots of different types of pensions […]

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What Is A Workplace Pension?

The State Pension is often not enough for people to live on in retirement.  The government have therefore made it […]

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What Is An Annuity?

When you retire you have the option to buy an annuity from an insurance provider.  You can usually take up […]

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What Is A Lifetime Annuity

First, you might want to find out what is an annuity? There are generally two types of annuity, a lifetime […]

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What Is A Fixed-Term Annuity?

First, you might want to find out what is an annuity? There are generally two types of annuity, a lifetime […]

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What Is A Defined Benefit (DB) Pension?

Defined benefit pensions will have a set age at which you can start the income payments.  Once started these pensions […]

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If I Cash In My Pension Pot How Much Tax Will I Pay?

Income from a pension is taxed as earned income.  This will therefore depend on the amount of other income you […]

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How Does Draw Down Income Work?

When you retire you can normally choose to take up to 25% of your pension pot as a tax-free lump […]

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When It Comes To Pensions, What Is Capped Drawdown?

Before the “Pension Freedom” changes, capped drawdown was the predecessor to flexi-access drawdown.  Capped drawdown has limits on the amount […]

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When It Comes To Pensions, What Is Flexi-Access Drawdown?

Flexi-access drawdown was first introduced in April 2015 and greatly increases the flexibility of which someone can draw an income […]

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How Do I Know If I Am Saving Enough For Retirement?

The more you save the better and the earlier you start saving for retirement the more likely you will have […]

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Can I Increase Contributions In To My Workplace Pension?

Yes and often employers will also match your increase. It is worth speaking to your employer if this is something […]

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Can I Make Single, One Off Contributions To A Pension?

Yes, you will have the ability to make single lump sum contributions into your pension plan.  There are rules as […]

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Can I Transfer Existing Retirement Savings In To My Plan?

Yes, you can, although this may depend on the value of the pension you are looking to transfer.  There are […]

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Can I have More Than One Pension?

In a word, yes! Following the introduction of workplace pensions it is common for people to have more than one […]

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Can I Track Down A Lost Pension?

If you can’t find the details of an old pension you can track it down, free of charge, using the […]

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What Is A Beneficiary?

This is a person or legal entity who receives money or other benefits from a benefactor. For example, the beneficiary […]

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What Happens To My Pension When I Die?

This will depend on the type of pension that you have.  Most pensions will allow you to nominate beneficiaries to […]

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What Is A State Pension? How Much Will I Receive?

The State will provide you with a pension in retirement provided you have made National Insurance contributions for a minimum […]

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Is State Pension Age Going Up? What Will It Be In The Future?

The State Pension is regularly reviewed by the government. The easiest way to check your State Pension age is by […]

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The value of pensions and investments can fall as well as rise, you may get back less than you invested.

Transferring out of a final salary pension is unlikely to be in the best interest of most people.

Tax treatment varies according to individual circumstance and is subject to change.

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