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When it comes to explaining compound interest we like to use the analogy of a snowball fight. Imagine you are […]
Read moreWhen you invest money there is always a level of risk but there are different types of investments out there […]
Read moreA mortgage is a loan that helps you purchase a property. You will be required to put down a deposit […]
Read moreThere are capital repayment mortgages where you pay off the interest and a bit of the capital at the same […]
Read moreThere are options to do so but also costs involved in some cases. If you work with a financial planner […]
Read moreA pension is the most common way of saving for your retirement. There are lots of different types of pensions […]
Read moreThe State Pension is often not enough for people to live on in retirement. The government have therefore made it […]
Read moreWhen you retire you have the option to buy an annuity from an insurance provider. You can usually take up […]
Read moreFirst, you might want to find out what is an annuity? There are generally two types of annuity, a lifetime […]
Read moreFirst, you might want to find out what is an annuity? There are generally two types of annuity, a lifetime […]
Read moreDefined benefit pensions will have a set age at which you can start the income payments. Once started these pensions […]
Read moreIncome from a pension is taxed as earned income. This will, therefore, depend on the amount of other income you are […]
Read moreWhen you retire you can normally choose to take up to 25% of your pension pot as a tax-free lump […]
Read moreBefore the “Pension Freedom” changes, capped drawdown was the predecessor to flexi-access drawdown. Capped drawdown has limits on the amount […]
Read moreFlexi-access drawdown was first introduced in April 2015 and greatly increases the flexibility of which someone can draw an income […]
Read moreThe more you save the better and the earlier you start saving for retirement the more likely you will have […]
Read moreYes and often employers will also match your increased workplace pension contributions. It is worth speaking to your employer if […]
Read moreYes, you will have the ability to make single lump sum contributions into your pension plan. There are rules as […]
Read moreYes, you can, although this may depend on the value of the pension you are looking to transfer. There are […]
Read moreIn a word, yes! Following the introduction of workplace pensions it is common for people to have more than one […]
Read moreIf you can’t find the details of an old pension you can track it down, free of charge, using the […]
Read moreThis is a person or legal entity who receives money or other benefits from a benefactor. For example, the beneficiary […]
Read moreThis will depend on the type of pension that you have. Most pensions will allow you to nominate beneficiaries to […]
Read moreThe State will provide you with a pension in retirement provided you have made National Insurance contributions for a minimum […]
Read moreThe 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.
