Category: Retirement

Retirement matters

Freedoms to gain accessing your pension pot

Changes to pension rules introduced in 2015 mean you’ve now greater access to your pension. It might seem like a far-off prospect, but knowing how you can access your pension pot can help you understand how best to build for the future you want.

Pension freedoms

Over one million UK savers embrace relaxation of rules

The Government’s announcement on the relaxation of pension rules changed the investment landscape, and pension freedoms show no sign of losing their popularity.

Making plans for your retirement

Tailored to match your particular needs and aspirations

One of the most important stages in life which everybody has to save for is retirement. We work hard to enjoy our current lifestyle, but are we doing enough to ensure that we can continue to enjoy it in our retirement? Many of us live for today, but saving into a private pension plan can help us retire sooner rather than later.

Lifetime allowance

Breach may impact on more than a million workers

An estimated 1.25 million people are set to breach the current lifetime allowance (LTA) £1.055 million lifetime limit for pension tax relief over the course of their working life, according to new research published[1].

State Pension

Half a million workers past pension age could be paying unnecessary tax

A significant number of people working past the State Pension age could be paying unnecessary tax on their State Pension, according to new research[1]. This is because they failed to take up the option of deferring their State Pension until they stopped work. As a result, their entire State Pension is being taxed, in some cases at 40%.

Where are you on your retirement journey?

Don’t fall foul of the tax rules and end up facing a significant tax bill

Are you approaching or in retirement? Are you confused about how much you’re allowed to contribute to your pension and what to do if you’ve been hit with an unexpected tax bill?

Improving your retirement income

Looking forward to having more time to explore faraway places?

Retirement is a time for you to do the things you’ve always wanted to do. Perhaps you’re looking forward to having more time to explore faraway places. Or maybe you dream of simply waking up each day and doing whatever takes your fancy. However you see your future, it helps to start planning for it as soon as possible.

Breaking up is hard to do!

How much money will you will need to live on later in life?

Divorce is undoubtedly one of the most difficult subjects to talk about. When relationships come to an end, there are so many things to consider – children, home and support are naturally the first things you would focus on. In fact, when you begin the process of separating a shared life, the sheer number of things to deal with can seem very daunting. And the cost of divorce can have a lasting impact on your plans for later in life.