The most crucial part of transferring a UK pension overseas is finding a QROPS. These are pension schemes that have been vetted and approved by HMRC, and which allow UK nationals to transfer their pensions overseas. Most UK pensions can only be moved to an HMRC-approved QROPS. It may be p...
An annuity is a product you can buy with your pension pot. It’s a way of turning that pot into a secure income that will last for the rest of your life, much like your State Pension. So it’s not a case of annuity vs pension. Annuities don’t compete with pensions, they're som...
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What are the advantages of pensions? How to approach pension planning How much pension do I need? Could I use my property as a pension? When can you access your pension? For most of us, saving into a pension during our working life will be crucial to enjoying a financially secure retir...
How to transfer your pension abroad - a step-by-step guide If you’ve done your homework on tax, pensions and living abroad, you’re about ready to arrange your pension transfer. If you have all the required information to hand, it should be relatively simple and straightforward.Here’s ...
There are two ways to start saving into your new pension. Either transfer your old pensions to PensionBee, or set up your first contribution. To kickstart your pension transfers, we’ll need the names of your old pension providers and confirmation you’d like to transfer. The more informatio...
Can I transfer other pensions into a SIPP? What happens to my SIPP when I die? What is the difference between a SIPP and a SSAS? Taking control of your retirement planning has never been more important, and with a SIPP, the decision over where your pension savings are invested is firmly...
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 you want to bring your pensions together in one pl...
Make your life easier by consolidating all of your old pensions into one place. Transfer your existing pensions to Moneyfarm and we’ll manage your investments on your behalf for a low-cost. We’ll never charge you a fee to transfer in or away from Moneyfarm, although your existing provider...
There’s a reason that pensions are touted as one of the best ways to save for your retirement. Every penny you save into a pension pot (up to an annual limit of £60,000 in 2024/2025) is eligible fortax relief. If you’re a basic-rate (20%) taxpayer, this means that for eve...