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 [...]
In this podcast episode, I cover two vital topics: How to access small cash sums from your pension pot The pros & cons of cashing out your pension entirely if you wish to do so Key Takeaways For each cash withdrawal, the first 25% is tax-free. [...]
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 [...]
When it comes to cashing in pensions, what are pension freedoms and when do the rules apply? This video outlines the three main options you have when cashing in pensions, which for many will be the most important financial decision they will ever make and include: The Piecemeal Approach Income Drawdown Buying an [...]
Is now the time for you to get a tighter grip of your finances? This article provides an overview of 5 areas for you to review: Consolidate and Manage Debt Track Your Spending Use Tax Allowances Top Up Your Pension Focus On Your Goals 1) Consolidate and Manage Debt [...]
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 may mean [...]
NEARLY £20 BILLION OF PENSION MONEY GOES UNCLAIMED AND THIS FIGURE IS GROWING The scale of the UK’s lost pensions mountain has been exposed by the largest study yet by the Pensions Policy Institute that found 800,000 pensions were lost and worth an estimated £9.7 billion. It estimates that, if scaled up to [...]
It's not every day you receive an email titled: "Congratulations, you've become one of the few Independent Financial Advisers in the UK to have attained the Pension Transfer Gold Standard" But that's exactly what I received this morning! On Thursday (30th May 2019), the Personal Finance Society confirmed that I can now display this [...]
Have you accumulated multiple pension pots throughout your working life? Are you now thinking "Should I consolidate my pensions?" Consolidating pensions can be a good way to get to grips with your retirement savings. On average people now have several different jobs in the course of their working life. So, it’s not uncommon [...]