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Retirement - Latest Articles
Pensions Under Threat
Those who are lucky enough to be members of final salary (defined benefit) pension schemes could soon find that they are not quite so lucky, after all. Because while a recent review has proposed that the sanctity of existing pension benefits should be preserved, the government is by no means certain to follow its recommendations.
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Personal Pension Accounts
Future Changes
2012 may sound a long way off but pensions are all about long term planning, so a change that takes place in just five years is well worth thinking about now. The problem is that proposals now being considered by government appear to leave many people worse off.
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Fast-tracking your retirement
Are you taking advantage of the financial incentives?
Those wishing to fast-track their retirement have been making the most of new annual allowances, which enable individuals to maximise their pensions with higher contributions.
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Alternatively secured pensions
Over-75s face death taxes on pensions
Following Budget 2007, death taxes on pensions for the over-75s were announced and wealthy investors waved goodbye to one of their last chances of passing unused pension savings to their heirs.
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Self-invested personal pensions
Relaxation of rules gives an increased appetite for longer-term saving
The relaxation of rules governing pension contributions has altered the retirement saving landscape and reinvigorated public appetite for longer-term saving.
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Pensions funds raided to the tune of £5 billion
Failure to review your pension contributions could leave you considerably worse-off
Pension savers who fail to review and take action to increase their pension contributions could be considerably worse off as a result of Gordon Brown’s raid on pension funds.
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Long-term security from annuities
Retirement options that are guaranteed
The long-term security that annuities provide can make them a suitable choice for the great majority of those retiring. This is because they can guarantee to pay a fixed income for the rest of your life, regardless of how long you survive.
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One-minute guide to retirement planning
Money purchase schemes
In money purchase schemes, which are sometimes known as defined contribution schemes, the employer will usually top up your contributions by between 2 per cent and 10 per cent of your salary, significantly boosting your pension pot.
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Prudent Pensioners
Wealth protection tips
Make sure that you have been paying the correct amount of tax over the past year. Mistakes do happen and can go unnoticed. If you are over 65, you should check you are receiving the correct personal allowance.
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Are there any tax breaks left
You don’t have to bite the bullet and cough up
Over recent years we have had many talks and meetings with clients who feel that there doesn't seem to be any way left for them to reduce tax. We are often asked, ‘Do I just have to bite the bullet and cough up?’
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Blueprint for the future of pensions
You don’t have to bite the bullet and cough up
After years of prevarication and months of political wrangling, the government has finally laid down its blueprint for the future of pensions.
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To view older articles visit our Archive
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