How to Take Control of Your Pension PotDaily Mail (London)
What age can I retire? Whether you're nearing retirement or considering working into your 70s and beyond, there's plenty to think about. We look at a few things that might help you choose the right retirement age. What age can I retire? How much should I put into my pension? How...
The good news is that you can boost your pension pot by making the most of your workplace pension or a personal pension plan. How easy this will be depends on how far you are from retirement and what you have saved already. The first thing to do is to check the value of any ...
Pensions are a long-term investment. The retirement benefits you receive from your pension plan will depend on several factors including the value of your plan when you decide to take your benefits, which isn’t guaranteed and can go down as well as up. The value of your plan could fall ...
Use the MaPS Pension Calculator to find out what your likely retirement income will be at the age you’ve decided you want to retire. This clever widget will show you roughly what size of pot you are on track to get and how much annual income you can expect to draw from it. For ma...
This calculator does not take account tax charges which may apply to withdrawals or to contributions that exceed your allowances. Prevailing tax rates and reliefs are dependent on your individual circumstances and are subject to change. How the Moneyfarm Pension can help you ...
A personal pension plan can be used to save for retirement if you’re self-employed, don’t work or want to set up an additional pension. Learn about personal pensions.
When can I access my pension savings? Under current rules you can’t access a pension until age 55 (or 57 as of April 2028). At this point you can take the whole of your pension pot as a lump sum if you wish, but if you want to avoid the tax implications associated with this, ...
Can I transfer my UK pension to Spain? Yes, you should be able to transfer your UK private or workplace pension overseas to Spain. However, it all depends on the conditions and restrictions of your particular pension scheme. You’ll also need to move your pension to what is known as a...
How long will it take to reach my savings goal? Tell us how much you’ve already saved, and how much you can set aside each month. We’ll then work out how long it will take to reach the savings goal you’ve set yourself.