Pension Freedoms

Occupational Pension Schemes – To Transfer Or Not?

2023-03-13T11:52:39+00:00Pensions|

As an employee, once you met certain criteria, you were enrolled into your employer's pension scheme automatically. There are 2 main types of occupational pension schemes (also known as workplace pensions): Defined Benefit Scheme (DB) In a DB scheme, your retirement income will typically be based on your salary and length of service, with [...]

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 [...]

Retirement Options – Tony Talks Wealth

2024-01-08T18:07:41+00:00Podcast|

In this week's episode, I discuss retirement options made possible by pension freedoms - how the process has changed, and the potential benefits of taking part or all of your pension pot in order to better secure your future. Key Takeaways When you reach the age [...]

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 Podcast

2024-01-09T13:57:55+00:00Podcast|

In this podcast episode, I look at the ever-more important topic of pension freedoms, with a particular focus upon the decisions you need to make in order to access your pension pots. Key Takeaways Those aged over 55 now have a far greater freedom of choice [...]

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 [...]

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