Pension

Consolidating your pension Should you have your pensions in one place? Many people have multiple pension plans in their career, and these can become difficult to maintain if left unattended over time. One option is to consolidate these pensions into one combined pension pot, theoretically making it easier for you to manage your retirement savings

Changes to auto-enrolment Minimum employee contributions to treble in April 2018. Most people in full-time employment are used to sacrificing 1% of their monthly pay packet in return for their employer matching the contribution into their workplace pension. Depending on your employer’s staging date, that scheme’s been in place since 1 October 2012 and you

Drawdown Flexibly accessing your pension through income drawdown. After years working hard to build up your pension pot, you’ll naturally want to make the most of it when it’s time to retire. There are several options on the market, and since the government’s introduction of pension freedoms in 2015, you have even more choice about

Pension lump sums Everything you need to know about taking your pension flexibly. Former chancellor George Osborne introduced pension freedoms back in April 2015 and the number of individuals raiding their pension pot flexibly continues to rise. Data from HMRC shows 198,000 savers used the freedoms to access their pension early – up 20% on

Maximising your pension savings Ways to hit your desired retirement income target. Weighing up when you want to retire, estimating how much money you will need for a comfortable retirement and the number of years left until you can actually call it a day will be familiar trains of thought for anyone planning their retirement.

The state pension explained How much do you know about changes to the state pension? At first glance the state pension is much simpler than other types of pension. You pay national insurance contributions (NICs) throughout your working life in return for a steady income once you reach state pension age. Without having to make

Personal Pensions The different types of personal pension and what to consider when deciding if a scheme is suitable for you. Personal pensions are pensions that you normally arrange yourself rather than through your employer. They are almost always defined contribution schemes and as such work in much the same way as the defined contribution

Accessing your pension A guide to choosing how to access your pension savings. Your pension can often seem like an abstract concept among the early morning commutes, home purchases, new jobs and other events that make up the average person’s working life. However, when you begin to reach the end of employment, the abstract suddenly