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Will you make the right decisions around your pension pot?
- 8th September 2023
- Posted by: shayne
- Category: News, Pension
No CommentsWhy defined contribution pensions are even more appealing for wealth transfer The announcement of the removal of the Lifetime Allowance (LTA) from the 2024/25 tax year in March’s Spring Budget 2023 has made defined contribution pensions even more appealing for wealth transfer. This benefits individuals over 55 who intend to leave their tax-free lump sum
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Normal Minimum Pension Age update
- 4th July 2023
- Posted by: shayne
- Category: Pension
Essential information for your retirement planning A significant change is on the horizon that may affect when you can access your pension money. We’ll guide you through this change and its potential implications, so you can confidently prepare for retirement. The current normal minimum pension age (NMPA) is 55, which means you can start taking
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More people choosing semi-retirement for a variety of reasons
- 1st June 2023
- Posted by: shayne
- Category: Pension
Two in five over-55s plan to gradually phase out working life before State Pension age Semi-retirement is an option to consider for individuals who may not be ready to fully retire, but still wish to reduce their work hours and gradually phase out working life. By choosing to semi-retire, you can maintain a good work-life
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State Pension
- 4th May 2023
- Posted by: shayne
- Category: Pension
How much has the 2023/24 State Pension increased by? If you are a UK resident planning for your retirement, it’s important to be aware of the State Pension changes that have taken effect in the new tax year. From April, the amount you can now receive as part of the UK State Pension has risen,
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Mind the State Pension gap
- 3rd May 2023
- Posted by: shayne
- Category: Pension
Knowing how much you’ll receive is vital for planning your future finances The State Pension age is set to rise to 67 by 2028, followed by a subsequent rise to 68 between 2044 and 2046. However, there is currently a review being conducted to determine the appropriateness of the existing timetable. This review will help
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Giving retirement a second thought?
- 3rd April 2023
- Posted by: shayne
- Category: Pension, Retirement
Over a third of OVER-55s think they will work beyond their state pension age We are witnessing a surge in the number of people giving retirement a second thought due to inflation rates and the cost of living crisis. Not only are more individuals looking to work beyond their State Pension age, but some are
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Chancellor retains state pension triple lock
- 5th January 2023
- Posted by: shayne
- Category: Pension
State pension is set for a record-breaking increase from April 2023 If you’re currently receiving or have been looking into the State Pension, then you’ve probably heard of the ‘triple lock’. But what is it? The triple lock was introduced in 2010. Its purpose is to make sure that the State Pension doesn’t lose value
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Don’t abandon pension contributions as prices rise
- 5th December 2022
- Posted by: shayne
- Category: Pension, Recession, Retirement
Savers could miss out on thousands of pounds in retirement As the cost of living continues to soar, with inflation reaching a 40-year high, the impact on household finances is taking its toll. But it is essential to try to maintain a savings habit even in the current climate. The impact of any breaks in
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How to maximise the value of pension savings
- 8th November 2022
- Posted by: shayne
- Category: Pension
Mistakes to avoid when you’re aiming to build your pension pot Many people are feeling the pressure on their finances at the moment due to the backdrop of rising inflation and the cost of living soaring. In these circumstances, it can be difficult to think about your long-term finances or even contemplate saving for the
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Working 9 to 5
- 7th November 2022
- Posted by: shayne
- Category: Pension, Retirement
More over-65s are still working than six years ago More people in the UK aged between 65 and 74 are still working compared to six years ago, new research shows[1]. The findings show there’s a marked increase in the number of people over 65 who remain in the workforce compared to 2016, and a fall