Annuitising at retirement is not the best option.This new research report produced by Cass Business School argues that most people are better off drawing down, rather than annuitising.In 2014 the UK Government announced proposals to allow people to withdraw money from their pension pot from age ...
Beginning to think about your retirement, having a good understanding of how much your pension is worth can make planning easier and more exciting.
What is a pension and how do they work? Read our guide to find out the key information before you get started.
The problem is few pension pots are substantial enough to support an extended retirement. For younger generations in particular, living longer requires an acceptance of working longer — likely into one’s 70s or 80s. In order for this employment period to be sustainable over a ...
You can find it on the gov.uk website here. Once you’ve found any missing pots, you can then look at past performance, how much you have saved in each and maybe think about consolidating all of your pension schemes into one. Why consolidate your workplace pensions? So, why would ...
Redundancy can hit us hard, financially and emotionally, and a recession in the UK could see more companies cutting headcount. However, following these steps can help you shore up your finances and keep a cool head if you find your job at risk. ...
Think about the return onpaying off your mortgagefrom a post-tax perspective. The ‘return’ of evencheap debtreduction may be higher than the taxed return from unsheltered cash. Are you maxing out your ISA allowance and yet you can’t or don’t want to put more into a pension? Then ...
Some of you are still trying to find your balance at the start of an egg-and-spoon race. Others are halfway down the track and apparently competing in a different sport altogether. So I was careful who I compared my spending against. For example I’m pleased a couple of my friends hav...
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For example, if you want a one-off piece of advice about consolidating your pension pots or setting up an Isa, you might pay a set price in advance. Other advisers, such as wealth managers, might charge a percentage of assets for managing your investment portfolio over a set time — know...