Pension

Deciding whether to withdraw cash from your pension pot Choosing what to do with your pension is a big decision. If you’ve been saving into a defined contribution pension (sometimes called ‘money purchase’) during your working life, from age 55 (age 57 in 2028) you need to decide what to do with the money you’ve

What you need to know. During your working life, you may want to find out exactly how much you have in your pension savings so you can start managing them more effectively.  But if you’ve worked for several different employers over the years, you might have built up quite the collection of different pension pots

Should you factor inflation into your pension plans? Pensions stories have been rife in recent months, led by the Government’s decision to downgrade the fabled triple-lock on the state pension for 2022/23. The triple-lock refers to the state pension rising by inflation as measured by the Consumer Prices Index (CPI) from the previous September, average

The three main types and muddied waters. Many workers find self-employment to be a liberating change of pace from the grind of working for someone else. There are a great number of challenges involved with being your own boss, however, one of them being pensions.  In fact, many self-employed people aren’t getting their retirement plan

How much will you receive in 2021/22? At just £175.20 a week in 2020/21 – or £9,110.40 a year – the full new state pension might not be enough for most people to retire on, but it is an important element to consider when planning for your retirement.  You might get more or less than

How to make the most of your annual allowance. The coronavirus pandemic appears to have thrown some of the nation’s retirement plans into jeopardy, with recent figures commissioned by the Institute for Fiscal Studies (IFS) revealing that 13% of older workers have already changed their planned retirement age as a direct result of COVID-19. The