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Pensions
February 2020
Pension consolidation
Pensions
February 2020
Simplifying and maximising retirement benefits The employment landscape has evolved significantly over the last few decades, and changing jobs multiple times before retirement is now very much the norm. As a result, many people have multiple pensions set up, as they have been automatically enrolled into a new pension scheme each time they have started a new job. Read full article
Retirement Planning
January 2020
Retiring abroad
Retirement Planning
January 2020
Prior preparation is key for a smooth transition into your new life It’s a dream for many that after years of hard work, it’s finally time to travel to far-off lands and enjoy your retirement without worrying about finances. With some planning beforehand, the dream of retiring abroad can become a reality. Read full article
Tax Planning
January 2020
Tax savvy
Tax Planning
January 2020
  Savers should think twice before using their pension to purchase property From age 55, you have the flexibility to choose how you take money from your pension. But pension savers risk throwing away thousands of pounds of their hard-earned savings if they use their pension to purchase a second property. Read full article
Pensions
January 2020
Pension freedoms
Pensions
January 2020
  Retirees now have a whole host of new options The pension freedoms, introduced on 6 April 2015, have given retirees a whole host of new options. There is no longer a compulsory requirement to purchase an annuity (a guaranteed income for life) when you retire. The introduction of pension freedoms brought about fundamental changes to the way we can access our pension savings. Read full article
Retirement
December 2019
Women’s State Pension age changes
Retirement
December 2019
  Government’s bid to ensure ‘pension age equalisation’ On 3 October, campaigners lost a significant legal battle against the Government’s handling of the rise in women’s State Pension age. Up until 2010, women received their State Pensions at the age of 60, but that has been increasing since then. Read full article
Pensions
December 2019
Retirement matters
Pensions
December 2019
  Freedoms to gain accessing your pension pot Changes to pension rules introduced in 2015 mean you’ve now greater access to your pension. It might seem like a far off prospect but knowing how you can access your pension pot can help you understand how best to build for the future you want. Read full article
Pensions
November 2019
Pensioner wealth
Pensions
November 2019
  Income gap between the wealthiest and poorest pensioners is growing The members of Britain’s baby boomer generation who are now entering retirement have been called ‘the richest generation in history’. But the income gap between the wealthiest and poorest pensioners is growing, with those in the top pension income band now having an average weekly income of almost £1,000. Read full article
Pensions
November 2019
Pension shortfall exposure
Pensions
November 2019
  Signs you are not financially ready to retire Those potentially most exposed to a pension shortfall are not people just entering the workforce, most of whom presume they will work until their 70s and will receive limited support from the state. Those most at risk of enduring a more frugal older age are those currently in their 40s and 50s who grew up assuming that the pensions system their parents enjoyed – generous income and retirement in their mid-60s – was the norm. Read full article
Pensions
October 2019
What you need to know
Pensions
October 2019
  Winners and losers under the new State Pension The figures for people qualifying for the full new State Pension following its introduction in April 2016 reveal almost two in five pensioners (365,290 people, or 38% of claimants) receive less than £150 a week, while a further 314,290 people (33% of claimants) receive more than £150 a week[1]. Read full article
Pensions
October 2019
Cashing out
Pensions
October 2019
  Pension changes brought a whole new range of options to consider Unadvised retirees who are now able to dip into their pension are having to return to work to cope with juggling their finances, according to a new report[1]. Pension freedoms have given individuals control over how to spend their retirement savings, but a number of unintended consequences have emerged. Since rules governing how pensions can be taken were dramatically relaxed in 2015, more than a million over-55s have gone on a freedom-fuelled spending spree. Read full article

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