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%
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Annuities….”Problem is, the rates are pants” ….well not anymore
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
Continue ReadingGuiide.auto – up, running and improving further
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.
Continue ReadingNon advised drawdown – how many start it each year and what do they need to make it work?
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 ReadingWhat does a practical Pensions Dashboard look like?
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 ReadingGuaranteed and drawdown income – is a bit of both the best mix?
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 ReadingHow long will I live – and have I got enough money?
“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 ReadingRetirement income: what shape are you?
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 ReadingTax-free cash is great! Taking it the right way is even better!
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 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
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