Category: Retirement

Adapting to changes in working patterns 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 from MetLife[1]. Its nationwide study found 54% of those aged 55 or over who are currently in jobs want to keep working when they get to 65. However, one in… Continue reading Working past the default retirement age

Limiting the amount of tax relief you’re allowed You can save as much as you like into a pension, but there is a limit on the amount of tax relief you’re allowed. The Lifetime Allowance for pensions is currently £1.25m (2014/15). In essence, the Lifetime Allowance is intended to cap the level of tax-advantaged pension funds that… Continue reading Lifetime Allowance

The best chance of being reunited with a lost scheme People change jobs and employers change their names, but, more importantly, we all forget things from time to time. With that in mind, it is easy to lose track of pensions that you have paid into over the years. If you do not actively look… Continue reading Locating a lost or forgotten pension

Proposals to fundamentally redesign the UK private pensions system undamental plans proposed 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… Continue reading Greater choice for retirees

Thinking about your plans for the future means taking action now 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 retirement planning, the right mix of assets and starting sooner rather than later will… Continue reading Single most important decision you can make

Looking forward to a secure and financially independent retirement 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. It’s so important to invest for your retirement. Putting as much as you can into a pension provision… Continue reading The quality of life you want in your golden years

 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

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

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