Pension Transfers

What is a SIPP Pension?

2024-01-09T14:16:54+00:00Pensions|

So what is a SIPP pension?  A Self Invested Personal Pension (also known as a ‘SIPP’) is essentially a type of tax-free wrapper in which you hold a wide range of permitted investments, and the contribution limits, tax reliefs, eligibility and the age at which you can start drawing an income are all the [...]

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 [...]

Should I Transfer My Pension?

2024-01-08T18:00:16+00:00Pensions, Podcast|

I don't think a week goes by without being asked "Should I Transfer My Pension?" It's a great question and in truth, the answer depends very much on your personal financial situation. In this article, I share with you the many factors you should consider before you transfer or consolidate your pensions to one [...]

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 [...]

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