Take these simple steps to find out if you're on track to get when you retire. This is how to check your state pension.
How to Take Control of Your Pension PotDaily Mail (London)
aMoney purchase (also called defined contribution). You build up a pension pot that will provide you with your pension. The value of the pension pot will depend on how much money you contribute and how well the funds are invested. The amount of pension you'll get when you retire depends...
However, even saving a small amount regularly into a pension from an early age can make a significant difference later on. In contrast, if youwait till much later in life, you’ll have to save much more to make up for the lost time. It’s always worth checking the rules on your work...
Your personal or workplace pension pot will grow (or possibly shrink) in line with how much money you put into or take out of it, any investment choices you make and the performance of the markets. There’s no fixed rate for that. But on average, pension funds grew by 7.3% from 2015...
How far back can I claim tax relief on pension contributions? How can I claim tax relief for pension contributions in previous years? What documents do I need for a claim? How much pension contribution tax relief can I claim? Do I get pension contribution tax relief if I'm not a taxpaye...
How do annuities work and how much do they cost? Find out more with our simple guide to understanding pension annuities.
Don’t expect it to be super fast though, as pension transfers between countries aren’t straightforward and they usually take at least a few months.And as for how much it will cost you to transfer a UK pension overseas? There is one main fee you need to know about - the overseas ...
How a personal pension works What you pay in is invested to try to grow the pension fund you will have at your disposal at retirement – tax relief on contributions provides a valuable boost as well. The value of your personal pension will depend on how much you have paid in and the pe...
“I put my bonus into my pension last year. My pension pot has gone down since then, so I would rather get my eyes lasered and go on holiday to enjoy the money this time round,” said one female banker in her forties. Despite more straitened times, there was a small rise in the ...