A regular income once you reach State Pension age The State Pension gives you a regular income once you reach State Pension age. It is based on National Insurance contributions and the amount you get depends on how much you paid in. To receive it, you must have paid or been credited with National Insurance… Continue reading State Pension
Category: News
Securing a bigger annuity income
The lack of professional financial advice can be costly You only have one opportunity to shop around for your annuity. This is called ‘exercising the open market option’. Once you have committed to an annuity provider and started to receive an income, the decision can’t be reversed. So it is essential that you shop around… Continue reading Securing a bigger annuity income
A Budget for makers, doers and savers
What you need to know–the main talking points The Chancellor of the Exchequer, George Osborne, gave his fifth Budget speech to Parliament on 19 March 2014. He unveiled plans to support economic recovery – including tax breaks to boost productivity, exports and manufacturing. The deficit Mr Osborne announced would be lower than expected this year… Continue reading A Budget for makers, doers and savers
Greater choices for retirees
Fundamentally redesigning the UK private pensions system Fundamental plans to redesign the UK defined contribution pension system (as opposed to workplace final salary schemes) were announced as part of the Budget 2014 speech. This is the most far-reaching reform to the taxation of pensions since the regime was introduced in 1921, introducing new flexibility to… Continue reading Greater choices for retirees
Why we are happy to work past the default retirement age
New living patterns require retirement income solutions that offer greater flexibility More than half of over-55s currently in the workforce are happy to work past the default retirement age of 65, according to new research[1] from MetLife. Its nationwide study found 54% of those aged 55 and over who are currently in jobs want to… Continue reading Why we are happy to work past the default retirement age
Generating market-beating returns
How much risk are you willing to take? It is impossible for an active manager to always outperform the market, but through the process of stock selection, active management introduces the potential of generating market-beating returns. For those willing to take on the additional risk that comes with stock market investment, an actively managed fund… Continue reading Generating market-beating returns
Overseas assets
Investors should not delay in disclosing their assets With the latest HM Revenue & Customs (HMRC) campaign aimed at targeting investors with overseas assets, some investors could be worried about the impact this could have on their overseas investments, and others could be put off from investing overseas altogether. However, it’s not all doom and… Continue reading Overseas assets
Time to review your retirement provision?
Keeping track of your pension portfolio pays dividends If you’ve accumulated numerous workplace pensions over the years from different employers, it can be difficult to keep track of how they are performing. There is a danger that long-forgotten plans may end up festering in expensive, poorly performing funds, and the paperwork alone can be enough… Continue reading Time to review your retirement provision?
Income drawdown
Keeping your pension funds invested beyond your normal retirement date Income drawdown or ‘Unsecured Pensions’, became available in 1995. It allows people to take an income from their pension savings while still remaining invested and is an alternative to purchasing an annuity. You decide how much of your pension fund you want to move into… Continue reading Income drawdown
Enjoy the time of your life
Have you given full consideration to your long-term pension investment strategy? Reviewing your retirement planning Having a pension today is recognised as just one important step along the path to achieving your dreams once you have stopped working. Now, not only must you carefully consider where you actually invest your pension money and how you… Continue reading Enjoy the time of your life
