Pensions
Pensions: Are You Saving Enough?
Are you new to pensions and looking to understand the basics, or do have a pension already but want to know how to get the best from it? Look no further – as part of Pensions Awareness Week (11 – 15 September) we share the answers to the questions we get…
Read MoreThe Power of Pensions
Pensions provide a tax -efficient way of saving, and are key to securing your lifestyle during retirement. There are different types of pensions available, so you can choose what suits your circumstances. The most common are the State Pension and the Workplace Pension. Another type of pension is the Occupational Pension Occupational pension…
Read MoreThat’s LISA with a P!
Leading up to the Budget there were endless articles, commentary and sometimes heated debate over the Chancellor’s intentions with regard to pensions and in particular tax relief. On the day though, there was hardly a mention of the ‘P’ word other than some much needed amendments to badly drafted sections of the last Pensions Act.…
Read MoreDeath and Taxes
To quote Benjamin Franklin   “In this world nothing can be said to be certain, except death and taxesâ€. Well not according to the Chancellor, who has announced the abolition of the 55% lump sum death benefits charge (further details to follow in the Autumn Statement on the 3rd December).  As a result those who die…
Read MorePensions – ‘You Decide!’
During the recent Budget the Chancellor, George Osborne, announced various wholesale changes to the way that investors may ultimately draw benefits from defined contribution pension arrangements such as personal pensions. For those reaching retirement between now and April 2015, these changes may have thrown any original planning into a state of flux. Whilst additional flexibility…
Read MoreAnd on that (pension) bombshell…
The Chancellor resisted ending the budget speech as above, but it would have been appropriate. The oft quoted reason for not funding a pension is the requirement to purchase an annuity with the proceeds. Â Whilst this has ceased to be an issue due to changes introduced over the last few years, the government has decided…
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