AN IMPORTANT ONE-OFF DECISION THAT HAS LONG-TERM CONSEQUENCES IF YOU GET IT WRONG

If you save through a private personal pension, when you approach retirement age you’ll have to decide what to do with the pension fund you have built up. If applicable to you, one option is to buy an annuity. It’s important to find an annuity that suits you and provides the best deal because, after your property, an annuity is probably the biggest purchase you will ever make. Read the rest of this entry »

THOUSANDS OF PENSION SAVERS COULD BE IMPACTED UNLESS THEY ACT SWIFTLY

If you are making high levels of pension contributions you will need to obtain professional financial advice to make sure that you know whether you will be affected by the impending new lifetime allowance (LTA) limit changes. Thousands of pension savers could be impacted by the forthcoming changes unless they act swiftly. Read the rest of this entry »

TO AFFORD THE LIFESTYLE YOU WANT WHEN YOU RETIRE, YOU NEED TO DO SOMETHING ABOUT IT TODAY

It may be tempting to say, ‘But retirement is a long way off’, yet it’s never too early to start investing in order to protect your future. To afford the lifestyle you want when you retire, you need to do something about it today. You now have a much greater choice when it comes to how and when to take retirement benefits from pensions since the pension simplification rules were introduced. Read the rest of this entry »

A REGULAR PAYMENT FROM THE GOVERNMENT THAT YOU RECEIVE WHEN YOU REACH STATE PENSION AGE

The basic State Pension is a regular payment from the Government that you receive when you reach State Pension age. To receive it you must have paid or been credited with National Insurance contributions. Read the rest of this entry »

THE SOONER YOU START SAVING FOR YOUR RETIREMENT, THE MORE SECURE YOUR FUTURE WILL BE

Saving for your retirement may not seem important when you’re starting out. But the sooner you start saving for your retirement the more secure your future will be. Read the rest of this entry »

HAVE YOU GIVEN FULL CONSIDERATION TO YOUR LONG-TERM PENSION INVESTMENT STRATEGY?

Retirement planning involves thinking about your plans for the future now – that means investing your money with the aim of maximising its value ready for when you retire.  Careful financial planning, the right mix of assets and starting sooner rather than later could all help lead to the retirement you are looking for. Many years ago the traditional view of saving for retirement was to simply put your money into a pension, with few decisions to make in the run-up to your retirement date and no choice over how the pension was taken. Read the rest of this entry »

When it comes to taking investment risk to secure a higher return, those aged 55 and over are most likely to be taking the lead with Stocks & Shares Individual Savings Accounts (ISAs), according to research from Standard Life (08 April 2013). Over one in ten (11 per cent) of 55 and overs invest in the stock market via their ISA, compared to just 7 per cent of 35 to 44-year-olds. Read the rest of this entry »