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 [...]
Today's Tony Talks Wealth episode discusses delaying retirement, and why many have now considered working for much longer than they previously hoped. Key Takeaways The pandemic has forced a nationwide rethink of finance in general, and how we manage our money. As a result, many over [...]
Staggered retirement is becoming an increasingly popular option for people who aren’t quite ready to leave the world of work, or who may not yet be in a position to do so. But how can we ensure we make the most of this option when the time comes? This week's Tony Talks Wealth episode [...]
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 [...]
£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 [...]
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 [...]
However much you might be counting down the days to freedom, if you're in a reasonably-paid, moderate-status job, or running your own business, retirement could be a shock to your system. Once you've gloried in the luxury of a few lie-ins, and enjoyed some well-earned Rest & Relaxation - what next? It can be [...]
A great Pension Advisor can save you money and worry, and set you up successfully for the years to come. Recommendations from friends and family are one way to find someone, but it’s not easy to know if they have given good advice until years later. This blog, by a Cardiff independent pension financial [...]
For most people unlocking or cashing in pensions at 55, in part or in full, is now possible. How you do this will depend on the type of scheme you have and how you want to take your benefits. Under pension freedoms, the rules allow anyone aged 55 and over to take the whole [...]