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Pensions
October 2020
Over-50s with no pension provision
Pensions
October 2020
Consequences of not saving enough for retirement in our twilight years Planning ahead for retirement will help ensure you’re on track to achieve the financial future you want. However, millions of retirees may face the prospect of living in poverty during their twilight years and having to rely only on the State Pension as a result of failing to plan ahead for their retirement, according to new research[1]. Read full article
Pensions
October 2020
Take it to the max
Pensions
October 2020
How to make the most of the various pension allowances Saving into a pension is one of the most tax-efficient ways to save for your retirement. Not only do pensions enable you to grow your retirement savings largely free of tax, but they also provide tax relief on the contributions you make. Read full article
Pensions Retirement Planning
June 2020
COVID-19 effects on retirement planning
Pensions Retirement Planning
June 2020
Remember that pension savings are for the long term The coronavirus (COVID-19) is having a widespread impact across all aspects of financial life, including retirement plans. The current global stock market turbulence, as a consequence of COVID-19, will no doubt be concerning for individuals whose pension savings are invested partly or fully during these volatile market conditions. Read full article
Pensions
May 2020
Freedoms to turn pensions into money you can use
Pensions
May 2020
One of the most important decisions you will make for your future Under the pension freedoms rules introduced in April 2015, once you reach the age of 55, you can now take your entire pension pot as cash in one go if you wish. However, if you do this, you could end up with a large Income Tax bill and run out of money in retirement. It’s essential to obtain professional advice before you make any major decisions about how to access your pension pot. Read full article
Pensions
April 2020
Future retirement security
Pensions
April 2020
More younger women opting out of pensions Young women are putting their future retirement security at risk by opting out of their workplace pension[1]. The analysis shows a worrying spike in opt-outs, with 10.5% of women aged 22–29 opting out of their workplace pension. This compares to 8.1% of men in the same age group. Read full article
Pensions
March 2020
Time to give your pension pot a boost?
Pensions
March 2020
Planning ahead for the financial future you want Planning for retirement can be both exciting and daunting. It’s essential to structure your affairs to make sure you have enough money when you eventually retire. To give your pension pot a boost, one option to consider if your pension savings are more than your annual allowance is to take advantage of the ‘carry forward’ rules for unused annual allowances from previous years and still receive tax relief. Read full article
Pensions
March 2020
Divorcees risk losing out on pensions
Pensions
March 2020
Dividing this asset is of vital importance to avoid pension poverty Divorce is an emotional and stressful period for those who have to go through it. However, it’s important that people realise that a pension is a valuable asset when considering how they split their money. Read full article
Retirement Planning
February 2020
Retirement matters
Retirement Planning
February 2020
There’s a lot to look forward to In your 50s, it’s important to make retirement planning a priority if you haven’t done so already. At this age, retirement is no longer a distant concept, and time is short if your plans aren’t on track. Read full article
Pensions
February 2020
Pension consolidation
Pensions
February 2020
Simplifying and maximising retirement benefits The employment landscape has evolved significantly over the last few decades, and changing jobs multiple times before retirement is now very much the norm. As a result, many people have multiple pensions set up, as they have been automatically enrolled into a new pension scheme each time they have started a new job. Read full article
Financial Planning
February 2020
Wealth uplift
Financial Planning
February 2020
Calculating the value of financial advice Quantifying the value of financial advice has always been a challenge because people who receive financial advice have different characteristics to those who do not. But what if it was now possible to quantify the value of financial advice and isolate a pure ‘advice effect’? This is exactly what the researchers at the International Longevity Centre – UK (ILC) have been able to calculate. Read full article

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