Kevin - Blog - Page 3

State pensions are up by over 10%!... But ....there is also bad news....but..... some other news may help.

The good, the bad and the risky

3 March 202316 March 2023Pension Freedomsliving costs, pension calculator, pension freedoms, pension pots, state pension

The Good News From April 2023 the State Pension will increase a lot. The flat rate State Pension will rise by a whopping 10.1% to £10,600 per year. This is due to inflation at 10.1%

Annuity rates are at a decade high. Great news for those who want to add some lifetime guaranteed income!

Annuities….”Problem is, the rates are pants” ….well not anymore

24 February 202326 February 2024Pension Freedomsannuity, pension calculator, pension freedoms, pension pots

A guaranteed lifetime income sometimes referred to as an annuity by many, can be considered a great investment for retirement in terms of what it provides. It pays you a known income no matter what

We aim to change retirement products. Automated withdrawals to make pension income simpler and safer is just the first step. More improvements to our auto proposition are coming soon.

Guiide.auto – up, running and improving further

7 February 202324 January 2024Pension Freedomspension calculator, pension freedoms, pension pots

When you retire, the last thing you’ll want to do is worry where your monthly income will come from, will your pots last, or spend your time dealing with getting money from various pension providers.

Over 100,000 pots are used to start drawdown without advice each year. What will these retirees do and what do they need to help them?

Non advised drawdown – how many start it each year and what do they need to make it work?

30 January 20239 February 2023Pension Freedomsannuity, pension calculator, pension freedoms, pension pots

The latest Financial Conduct Authority (FCA) stats for the year between 1 April 2021 and 31 March 2022 tell us some interesting numbers. Around 700,000 new defined contribution (DC) pension pots, i.e. the ones you

The launch date of the UK's pension dashboard is approaching - but it will offer the help people really need?

What does a practical Pensions Dashboard look like?

14 December 202210 January 2023Pension Freedomsannuity, pension calculator, pension freedoms, pension pots

At some point in the future a Government pension dashboard will exist, where hopefully, you can provide your National Insurance number and get details of all your pensions. This will include pension pots, any Final

Nothing in life is certain, except a guaranteed lifetime income.

Guaranteed and drawdown income – is a bit of both the best mix?

11 October 20229 February 2023Pension Freedomsannuity, pension calculator, pension freedoms, pension pots

Some things are great on their own, gin,tonic,apple pie,custard, but are even better when you put them together. No, not pizza and pineapple...... There are lots of great things about guaranteed income on its own.

Life, death and pensions

How long will I live – and have I got enough money?

19 May 20229 February 2023Pension Freedomsannuity, pension calculator, pension freedoms, pension pots

“You and I are gonna live forever’ sang the rock band Oasis back in the 1990s. Unfortunately we won’t, but we do all need a financial plan that will protect us if we live longer

How can benefits help with pension planning and retirement income

19 February 20213 October 2021Pension Freedomsbenefits pension, pension planning, retirement income

Benefit entitlements when making pension contributions Contributing to your pension scheme offers great tax benefits, a topic we've covered in a previous post. In addition to great tax benefits, pension contributions can also increase your

Everything you need to know about pension charges and fee types.

Everything You Need to Know About UK Pension Charges

29 January 20213 October 2021Pension Freedoms

What are the different types of UK pension fees? Everyone expects to pay fees on their pension pots, but are the different charges you should expect to pay? There are many different ways that pension

These are the best ways to claim back tax on your pension.

How to Claim Back Tax on Pension Contributions and Income

11 January 20213 October 2021Pension Potsclaim back tax, pension contributions

Pension tax basics When it comes to tax, pensions work on what is called an exempt-exempt-taxed basis. In this post, we'll be covering what this means for defined contributions schemes (also known as pension pots)? When