Consolidating Pensions

What Is A Good Pension Pot at 55?

2023-10-16T14:27:56+01:00Pensions|

Are you approaching that milestone age of 55 and starting to think about early retirement?  At this age it’s common to start panicking about what is a good pension pot at 55 and what might happen after you leave the routine security of full-time work. Especially if you haven’t given much thought to [...]

Should I Consolidate My Pensions?

2023-04-28T11:09:24+01:00Financial Planning, Pensions|

Have you accumulated more than one pension throughout your working life? Are you now thinking "Should I consolidate my pensions?" Pension consolidation can be a good way to get to grips with your old pensions and potentially improve your future retirement income. On average people now change jobs several times during the course [...]

Tracing Pensions That Are Lost

2023-03-27T12:59:24+01:00Pensions|

The scale of the UK’s lost pensions mountain has been exposed in the largest study yet by the Pensions Policy Institute. The October 2018 briefing report stated there were 800,000 unclaimed pensions, worth an estimated £9.7 billion belonging to holders considered to be 'gone away'. It estimates that, if scaled up to the whole [...]

Getting Ready To Retire

2024-01-08T17:49:34+00:00Financial Planning, Pensions, Podcast|

In this podcast episode, I talk about how much we need to plan for our upcoming retirement. The state pension will fall short in providing a comfortable lifestyle into retirement so what action should we take to bolster our funds now? Key Takeaways Review your finances [...]

Defined Benefit Pension Transfer

2023-10-16T23:24:49+01:00Financial Planning, Pensions|

Are you considering a Defined Benefit Pension Transfer? A defined benefit (DB) pension scheme is one where the amount you’re paid in retirement is based on how many years you’ve worked for your employer and the salary you’ve earned. They pay out a secure income for life, which increases each year. This video [...]

Pension Freedoms – Rules and Options

2022-12-19T08:15:41+00:00Financial Planning, Pensions|

£19m has been released each day since the launch of Pension Freedoms. In his 2015 Spring Budget, then-chancellor George Osborne introduced sweeping changes to the way that pensions are taxed. The new pension freedom rules have led to the over-55s being faced with a variety of different choices when taking and investing their [...]

Pension Consolidation Explained

2023-10-16T22:46:57+01:00Financial Planning, Pensions|

Have you had many jobs and accumulated multiple pension pots? On average people now have several different jobs in the course of their working life. So, it’s not uncommon to start a new pension for each job. This means that you may end up with multiple pension pots with various providers. Pension consolidation [...]

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