There are around 4.8 million self-employed people in the UK, but only 31% of the self-employed are saving into a pension. A large advantage of being self-employed is being able to work for yourself and
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What Can You Put Towards your Pension Income?
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Continue ReadingShould You Combine your Pension Pots?
Should you put all your pots together? Firstly: what do we mean by pension pots? Essentially, pension pots are defined contribution or money purchase pensions where you build up as pots to use at retirement
Continue ReadingPension Investments: How Much Risk Should You Take?
How much risk should I take in my pension pots? Our last blog, Planning Your Retirement Income – is there a Magic Number?, covered how to calculate the right amount to withdraw each year from
Continue ReadingPlanning Your Retirement Income – is there a Magic Number?
What percentage should you take from your pension pots when you retire? This is one of the most common questions people ask when they first find out about pension freedoms: what is the right percentage
Continue ReadingWhat is a Good Retirement Outcome?
Why is it so complex? To most people, pensions are incredibly complex: life expectancy, investment choices, cash flows, annuities, drawdown rates, tax and charges are some of the many issues to take into account. Is
Continue ReadingRetirement: What Age Can You Reach the Finish line?
Recap In our last blog post, we put together the different aspects to consider when it comes to managing your pension pots. One of the main variables is the age you want to retire. In
Continue ReadingHow Much Do You Need in Your Pots for Retirement?
How much do you need in your pension pots? The answer to this question will depend on various personal factors. In addition to doing the numbers, here are a few things to keep in mind
Continue ReadingHow to Avoid Leaks from Your Pension Pots
What are leaks from your pension pots? Jenny has saved consistently into her various pension pots over the years. She has also taken advantage of the available contributions from her employer where possible. When she
Continue ReadingWhat Help can People Get to Enjoy the Pensions Freedoms?
Why do people need it? Since the Pension Freedoms started, many people saving for retirement plan to take their defined contribution (DC) pension pots flexibly. A small percentage may still buy incomes for life (annuities)
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