Category Archives: Retirement
Getting your date right will help your plans stay on target Some people will have set their retirement date when they were in their 20s or 30s, and a great deal will have changed since then, including their State Pension … Continue reading
Tailored to match your particular needs and aspirations One of the most important stages in life which everybody has to save for is retirement. We work hard to enjoy our current lifestyle, but are we doing enough to ensure that … Continue reading
Considering the practicalities of fulfilling your desired lifestyle If you are aiming to retire within the next five years, it’s time to get into the mindset of considering the practicalities of fulfilling your desired lifestyle and making plans.
Breach may impact on more than a million workers An estimated 1.25 million people are set to breach the current lifetime allowance (LTA) £1.055 million lifetime limit for pension tax relief over the course of their working life, according to … Continue reading
Half a million workers past pension age could be paying unnecessary tax A significant number of people working past the State Pension age could be paying unnecessary tax on their State Pension, according to new research. This is because they … Continue reading
Nearly £20 billion unclaimed money and growing The scale of the UK’s lost pensions mountain has been exposed by the largest study yet on the subject. The Pensions Policy Institute surveyed firms representing about 50% of the private defined contribution … Continue reading
Pension freedoms usher in a new generation The introduction of pension freedoms has been a huge enabler for over-55s, allowing millions to draw income from their pensions flexibly. Pension freedoms offer the opportunity to transition into retirement by continuing to … Continue reading
Employees contribute higher pension payments On 6 April 2019, the minimum level of auto-enrolment contributions increased to 8% of earnings, made up of 3% from employers and 5% from employees. According to data from the Pensions Regulator, auto-enrolment has brought … Continue reading
Making sacrifices for home ownership over retirement Millennials are chasing the home ownership dream at the potential cost of a lower income in retirement, new research shows.
Planning your next move for a comfortable retirement It can be a daunting prospect to think about selling the family home, but it is a decision that many decide is the right choice for them once the children have long … Continue reading