If you’re looking forward to retirement, it’s good to know the best way to take your money without paying too much tax on your pension savings.
With a workplace pension, your employer makes contributions to your pension, increasing the amount going into your pot. To access tax free cash From 55, (57 from 2028), you can usually take up to 25% of your pension free of tax and then decide what to do with the rest. You've got...
The contributions you make into a personal pension are eligible for tax relief. That means your pension provider can claim 20% from the government as basic-rate income tax relief and add it to your pension pot. So if you pay in £80 yourself, a total of £100 will be added to your...
Working into later life also lets you put more into your pension pot. That means you’ll be more financially secure when you do retire. There’s no legal requirement to take your pension at a specific age. You can leave the money invested, or explore other options to better safeguard your...
Gold should be part of a diversified portfolio Gold has historically been considered the asset class of choice at times of major uncertainty. It... Additional information Some of our Financial Services calls are recorded for regulatory and other purposes. Find out more about how we use your pers...
Can I transfer my drawdown Pension to another Provider? Are drawdown Pensions protected? Is a drawdown Pension a good idea? Do you need a financial adviser for Pension drawdown? What is a drawdown Pension? A drawdown Pension is one way of using your Pension pot to provide you with a regula...
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 in your hands. A SIPP can be a particular...
The Monzo Pension has launched more softly than a marshmallow rocket lofted on a cotton wool plume. And so far Monzo’snew offeringlooks strangely unambitious and feature-free, while simultaneously being quite innovative with its focus on solving customer problems such as:“How on Earth do I get...
What quality of life do you want to live in retirement? This is the question that should be at the heart of all your financial decisions in the present day. Why? Because your actions now will impact your life in the near term, the medium term and ...
It’s not just lip service. New DWP rules require that from 1 October 2019 pension schemesmusthave a policy with respect to financially material ESG considerations. Schemes must have a policy on the extent to which they consider the views of members and beneficiaries, including ethical views, ...