Once you reach retirement age, you have a few different options to try and make the most of your pension pot. You can withdraw part of your pension pot as a tax free lump sum, opt for a drawdown pension or purchase an annuity. We go into more detail on what to do with your pension...
Pension incentives and labor supply: Evidence from the introduction of universal old-age assistance in the UKJournal of Public Economics, 203 (2021) 104516. doi:10.1016/j.jpubeco.2021.104516
If you are in receipt of a UK old age state pension, request an S1 form (previously E121) from the Overseas Healthcare Team on +44 191 218 1999. If you are in receipt of an exportable DWP benefit you can request an S1 form the office which pays your exportable benefit. It is your...
The figures here are a guide and are not guaranteed. Your final pension fund and the income available will depend on factors including the growth your fund achieves, contributions you make in the future, charges, inflation, your retirement age, annuity rates at the time and the annuity options...
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Nationwide is offering first-time buyers a sub-4% mortgage for the first time since September 2024. The lender is cutting rates by up to 0.3% across selected two, five and 10-year fixes from tomorrow. Nationwide's lowest mortgage rate now stands at 3.84%, which is available to existing...
More than one million pensioners are paying income tax at rates of 40% or more, figures from HM Revenue & Customs show. Since 2021-22, the number of people of state pension age or older falling into the tax bracket has doubled from 494,000 to 1,028,000. In all around 8.8 mil...
Police Injury Pension Child Disability Payment Adult Disability Payment You must still prove that you and your family can adequately provide for your housing and living expenses without the need for additional public funds. This evaluation will consider both your income and housing costs. It should ...
Since 2011, the number of self-employed workers has gradually increased, as has the turnover of single-person companies. Between November 2024 and January 2025, 4.39 million people in the UK were self-employed. Provided you’re prepared to put in the hard work, there’s no reason why you...
If an employee is between 16 and 21 years of age, or between state pension age and 74, they can ask to join the workplace pension, as long as they earn at least £6,240 a year. An employer will have to pay pension contributions too. Anyone earning less than £6,240 a year ca...