Pensions

 

5 Tips to Reduce Your Retirement Age

The desire to retire early is a common goal amongst our clients. Perhaps they would like to spend more time with family, or travelling the world while they are still healthy enough to enjoy it. A world of options opens up at retirement, and it’s important to ensure that you can not only cope financially, […]
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Auto-enrolment: How It Works and Affects You

In 2012, the government introduced a new regime for workplace pensions. Prior to this, there was no requirement for an employer to contribute to their staff’s pension scheme, although they were required to provide access to a pension. Since 2018, all businesses in the UK are subject to the rules, as all eligible employees must […]
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Understanding the State Pension: 4 Crucial Tips

In 2019-20, the maximum new state pension amounts to about £8,767.20 per year (£168.60 a week) – quite a significant sum towards helping fund your retirement lifestyle. Of course, it’s easy to assume that you will get the same amount from the government as everyone else when you retire. Yet this is not necessarily the […]
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Can and should you retire early?

In 2018 The Independent reported that nearly 30% of British workers anticipate continuing employment beyond their 70th birthday (double those who thought so 7 years ago). With reports like this often circulating the news, it is little wonder many people are now almost resigned to the thought that they will have little choice but to […]
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8 things to do just before your retirement

It used to be the case that many people worked in the same company or organisation for many decades, and then retired with a generous pension. Those days are long gone! Today, final salary pension schemes have been steadily replaced with defined contribution schemes, people are living longer, workers have more diverse careers and the […]
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Where does my pension go when I die?

Research shows that around 700,000 people are at risk of passing on their pension to the wrong person. It isn’t nice to think about planning for our eventual passing, but it is therefore important. When you eventually pass on, what happens to your wealth – and in particular, your pension? Does it go to your […]
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How to Navigate Pensions during Divorce

When a couple decides to dissolve their marriage or civil partnership, many people think that the family home is the most important asset to distribute. However, pensions are often neglected – despite the fact that these might actually be more valuable than the equity in the property.   Divorce is an unpleasant topic and pensions […]
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6 Things You Must Know When Starting A Pension

If you are looking to be paid more, starting a pension can be a great way to do it. When you put money aside into a pension pot, the government effectively tops it up through tax relief.   In addition, if you are employed and put into a workplace pension, then your employer will contribute […]
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So Many Pension Types! A Simple, Jargon-Busting Guide

Trying to sort out your pension can be intimidating. First of all, there are many types of pension, with different rules and ways of working. Then, there is a sea of complicated terms and phrases used within the pensions industry, many of which are hard to understand. How do you even begin to find your […]
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What Are “Death Duties” & Can Pension Freedoms Help Avoid Them?

“Pension Freedoms” certainly has a nice ring to it.   When you hear it, most people think of the money they’ll be able to access in retirement as result of these government rules.   Fewer people tend to think about inheritance tax…   Even fewer still tend to consider reducing their pension spending…     […]
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