Scrapped 55 percent death tax charge
The Chancellor announced on Monday 29 September 2014 that from April 2015 individuals will have the freedom to pass on their unused defined contribution pension to any nominated beneficiary when they...
View ArticleTransfer Your Final Salary Pension For Cash
Hundreds of thousands of savers with “final-salary” pensions, which are considered the Gold status of company pensions, are planning to trade in their future guaranteed income for a cash lump sum. It...
View ArticleSell your annuity for cash
Pensioners currently receiving a poor income from an annuity might be able to sell them for a cash lump sum in future. A plan to create a second-hand market in annuities is being pushed by Pensions...
View ArticleEmployers put off advice for being sued
Employers are currently prevented from helping people plan their retirement because of concerns they could be sued, Simon Foster, head of corporate life and pensions, UK and international savings at...
View ArticleDo not trust a cold caller with your pension
People being targeted by cold callers who are falsely claiming to offer new, free Government-backed retirement guidance could end up putting their money into risky investments and losing their pension...
View ArticlePaying tax under new pension rules
Hundreds of thousands of savers could be heading for a tax shock at retirement because they fail to understand the new pension freedom rules being introduced by the Government. Many people with defined...
View ArticleA rise in post budget pension enquiries
There has been a surge in pension advice enquiries Post Budget 2014. The diversity of potential products available post-retirement was encouraging people to seek advice. Credencis say: “Annuities...
View Article17,500 – comfortable retirement amount per annum
The perfect annual income (comfortable retirement amount) during retirement is £17,500, according to a new study, based on workers’ modest expectations of life after the office. The study suggested...
View ArticleThe changes in the New State Pension – Pension Advice Nottingham
The new state pension will start in April 2015 with the introduction of a single-tier state pension which aims to simplify state pension advice for those retiring. An individual’s state pension is...
View ArticleStart your Pension now or lose thousands in Retirement – Pension Advice Derby
People should consider paying into a pension as early as possible. Research from Brewin Dolphin show that for a target net pension of £20,000 at age 68 – excluding the state pension currently set at...
View ArticleTransferring Final Salary Pension a gamble? – Pension Advice Nottingham
The new Pension Freedom rules allow members of final salary pension schemes, or defined benefit (DB), to switch into defined contribution (DC) arrangements and take advantage of the changes. This...
View Article4 in 10 will deplete wealth to avoid care costs – Paying for Long Term Care...
Forty-three per cent of people in England would deliberately deplete their wealth to avoid paying for care, leading to more pressure on state finances than ever before, statistics from the latest...
View ArticleI cashed in Pension Fund but now I wish to reinstate? Pension Advice Nottingham
The new Pension Freedom rules allow anyone over age 55 the ability to cash in their pension fund. If you have cashed in your pension, and now regret the decision, you cannot subsequently go back to...
View ArticleUK State Pension’s the worst in the world – Pension Advice Derby
A new report by the Organisation for Economic Cooperation and Development (OECD), confirms UK pensioner’s will retire on just 38% of their former salary. Depressing statistics eh? A full state pension...
View ArticleRelease up to 25% of your pension funds tax free – Pension Advice Nottingham
If you are over 55, you can access up to 25% of your pension funds tax free and what’s more, you can do with it whatever you wish. One of the big benefits of pensions has always been the tax free cash...
View ArticleHigh Earner’s need to pay into pension’s before April 2016 – Pension Advice...
The government are introducing pension rules which could leave high earners with unexpected tax bills. From 6 April 2016, the annual allowance will be tapered from £40,000 for those with earnings of...
View ArticleTake Advantage of the new Lifetime ISA to boost savings – Pension Advice...
The government recently unveiled plans for a new lifetime ISA, which will be launched in April 2017. The new ISA addition was designed to help younger people save for both a house and their retirement....
View ArticleHow to live off your Pension fund in Retirement – Pension Advice Derby
Pension drawdown allows you to keep your fund invested in retirement as opposed to buying a miserly and restrictive annuity. The issue is that while many individuals detest the possibility of an...
View ArticleSwap Your Final Salary Pension For Cash?
Is it wise to swap your final salary pension for cash ? The new pension freedom rules arrived in April 2015 to a blaze of publicity. Anyone with a ‘money purchase’ scheme, also known as ‘defined...
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