Doesn't your financial future deserve advice that is
independent?
HOW TO IMPROVE YOUR GOLDEN YEARS NO MATTER WHAT YOUR CURRENT STAGE OF LIFE
Retirement may seem a long way off for you at the moment but that doesn’t mean you should forget about it. Consider our tips, which could help you increase your retirement income – no matter what your current stage of life – and pursue the retirement you envisage. Read the rest of this entry »
Sooner or later we will retire, and the decisions we make today are the ones that will determine the standard of living we will enjoy in the future. If you are approaching your retirement there are some very important choices you need to make that will determine how much income you live on once retired. Read the rest of this entry »
BRINGING YOUR PENSIONS UNDER ONE ROOF
Most people, during their career, accumulate a number of different pension plans. Keeping your pension savings in a number of different plans may result in lost investment opportunities and unnecessary exposure to risk. Read the rest of this entry »
If appropriate to your particular situation, a Self-Invested Personal Pension (SIPP) could be another option to consider if you require the flexibility to choose where your pension money is invested. SIPPs are now also open to people of lower incomes – not just those with commercial property. Read the rest of this entry »
A workplace pension is a way of saving for your retirement that’s arranged by your employer. Some workplace pensions are called ‘occupational’, ‘works’, ‘company’ or ‘work-based’ pensions. Read the rest of this entry »
‘SO WHAT DO I DO WITH MY MONEY?’
There are two main types of occupational workplace pension schemes:
Defined-contribution pension schemes
A defined-contribution (DC) or money-purchase pension scheme is one that invests the money you pay into it, together with any employer’s contribution, and gives you an accumulated sum on retirement – with which you can secure a pension income, either by buying an annuity or using income drawdown. Read the rest of this entry »
As your wealth grows, it is inevitable that your estate becomes more complex. Money saved via a pension can be passed on to a loved one, usually outside their estate and free of any death tax, provided the pension fund has not been touched and they die before age 75. People fortunate enough not to need immediate access to their personal pension may therefore decide not to touch those savings for as long as possible. Read the rest of this entry »
WHEN YOU’RE NOT READY TO CONVERT YOUR PENSION FUND INTO RETIREMENT INCOME
If you decide that you’re not ready to convert your pension fund into retirement income by buying a lifetime annuity, but you do need funds, you have a few options. These are often known as ‘income drawdown options’. Read the rest of this entry »
If you have a partner or other dependants, such as children, you might want to think about additional retirement income protection. With income protection, your named dependants could get some or all of your retirement income if you die, either as regular payments over a period of time or as a one-off lump sum. Read the rest of this entry »
VALUABLE OPTIONS THAT ALLOW YOU TO TAILOR THE INCOME YOU NEED
In the UK, there are basically two types of annuity:
– pension annuities (compulsory purchase)
– purchased life annuities (voluntary purchase) Read the rest of this entry »
