WRITTEN BY KIRSTY TELLING – 14TH SEPTEMBER 2020 Recent research shows 1 in 10 UK adults with a pension (and not yet retired) have reduced or stopped pension contributions because of Covid-19. 1 in 10 UK adults have reduced or stopped pension contributions 1 in 4 workers are worried about paying for every day essentials […]
Reviewing your Pension contributions
As you approach retirement, you probably want to know when you can afford to stop working. Having worked hard throughout your career you deserve to enjoy your retirement without having to worry about your finances. It may be worth reviewing your pension contributions to make sure you are taking advantage of the incentives offered by […]
How much can I pay into my Pension?
A pension is a tax-efficient, long-term savings plan. You can benefit from tax relief on the contributions you pay in and your pension pot has the potential to grow with minimal tax. Currently, you can save up to £40,000 every year into your pension, but there are limits to the level of tax relief you […]
Did you know that you no longer need to crystallise your pension plan when you are 75 years old?
The extra freedom granted by the pension changes introduced in April 2015 is good news for all pension savers. However, the increased options could lead to many people making the wrong decisions and paying unnecessary tax, making professional financial advice all the more important. In the event of your death, the money and estate that […]
The factors influencing your pension choices
Planning the best way to draw your pension savings is not straightforward, after all, there’s no ‘one size fits all’ when it comes to retirement. Life expectancy, the impact of inflation and the choices available at retirement (thanks to the 2015 Pension Freedoms) are all influencing factors in your decision making. You’ll also need to […]