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?
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
Continue Reading
The launch date of the UK’s pension dashboard is approaching – but it will offer the help people really need?
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
Continue Reading
Nothing in life is certain, except a guaranteed lifetime income.
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.
Continue Reading
Life, death and pensions
“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
Continue Reading
Everything you need to know about the shape of your retirement income
What is retirement income? Retirement income is the money that you’ll have to live on once you’ve retired. When we talk about retirement income, we mean the total income you have each year. That also means after
Continue Reading
Everything you need to know about using tax free cash from your pension pots
Everyone loves tax-free cash. So the great news is you can currently take 25% of any pension pots tax free when you retire. Here's the low-down on the best ways to take advantage of this......
Continue Reading
You need the right type of retirement planning tools to do the job properly
Planning your finances is a vital part of preparing for retirement. It can influence when you retire, as well as what type of lifestyle you expect - but you need to use the right tools.
Continue Reading
Everything you need to know about getting the most from your State Pension
Only 44% of pensioners receive the full flat rate State Pension, according to the Department for Work and Pensions (DWP). Here are some tips to follow to help make sure you’re not missing out unintentionally.
Continue Reading
How can benefits help with pension planning and 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
Continue Reading
Everything you need to know about pension charges and fee types.
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
Continue Reading