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A defined contribution pension is a type of retirement savings plan where you make contributions into an individual pension pot […]
Read morePlanning for the distribution of your assets after your passing is a crucial part of estate planning. It ensures that […]
Read moreIn financial planning, it’s crucial to recognise that some individuals may be more susceptible to financial difficulties or harm due […]
Read moreA power of attorney (POA) is a legal document that gives one or more people, known as attorneys, the authority […]
Read morePension drawdown is a way of accessing the money in your defined contribution pension pot once you reach retirement. Instead […]
Read moreWhen it comes to explaining compound interest we like to use the analogy of a snowball fight. Imagine you are […]
Read moreInvesting comes with several risks that could impact the value of your portfolio. Here are the main types: Market Risk: […]
Read moreA mortgage is a loan that helps you purchase a property. You will be required to put down a deposit […]
Read moreWhen it comes to mortgages, there are various types tailored to different financial situations and preferences. Here’s an overview of […]
Read morePaying off your mortgage early can be a smart financial move, but it depends on your individual circumstances. By eliminating […]
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 maintain their desired lifestyle in retirement. To address this, the […]
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 provide a guaranteed income for the rest of your life, starting from a specific age set by […]
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. Many employers allow you to adjust your contributions, either […]
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 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.
