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 55, subject to their marginal rate of income tax in that...
You could considerpension consolidation. This means combining some or all of your eligible pension pots into one. Combining your pension savings can provide a better way to plan your retirement finances. Having your pension savings in one pot is likely to make it easier to manage and can also ...
What is a pension and how do they work? Read our guide to find out the key information before you get started.
According to adviser directory Unbiased, fees can range from £500 for investment advice to £5,000 or more for some kinds of pension advice. To help gauge your expected fees, Unbiased has a very usefulCost of Advice calculator. Finally, look for a firm whose culture and ethos best fits...
Always seek professional financial advice if you plan to consolidate your pension pots, as depending on the type of pension you have, this may not always make financial sense and you could lose significant pension benefits. » MORE:The benefits of pension advice ...
Things get a lot more complicated if you still have a mortgage term remaining and/or pension pots you can’t access until age 55. 4 The Rhino October 15, 2013, 12:43 pm One thing that I’ve been thinking about is what you should do with respect to your portfolio when you hit FI...
If you are considering a move in the near future, this could be a good time to start sizing things up.Next, take a look at your pension pot (or pots). Whether you are still paying into them, or taking an annuity, you should be able to get an idea of your total private pension...
If you’re due a large severance payout from your employer, it may be tempting to use that cash to pay down a large chunk of your mortgage, put a lump sum into your pension, or pass on some money to family members. However, Beck cautions against making such moves until you’re settl...
For my part, I use a mix of ISAs and pensions. But I’ve begun to favour the latter with new money as I’ve inched closer to the age when you can access a private pension, and also as the old pensionconstraints were loosened. ...
Kat Romerois a writer and journalist with over a decade’s experience in the industry. Hailing from London, she has become experienced in scouring the market to find the latest and best products and services that are designed to make parents’ lives easier. ...