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FAQs

What is compound interest

When it comes to explaining compound interest we like to use the analogy of a snowball fight. Imagine you are […]

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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 are […]

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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 increased workplace pension contributions. It is worth speaking to your employer if […]

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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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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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