I have heard about pension scams? Should I be concerned?
There are different types of pension scams but they can all lead to you losing a lifetime’s worth of savings in a moment. Since April 2015 you have more [...]
What is s pension commencement lump sum?
When you can start drawing benefits from your pension scheme, you may be able to take part or all of your pension benefits as a tax-free cash lump sum [...]
Can I protect myself against a lifetime allowance tax charge?
Transitional protection will be available for those who think they are likely to be caught by the life time allownace and might otherwise be liable to a tax charge. [...]
What is the benefit of cashflow planning for pensions?
Cash flow planning allows you to reflect on your current financial position, relative to your preferred position and your personal aspirations. This is then projected forward, year by year, [...]
How much is the UK State Pension?
The full new State Pension is £168.60 per week.The actual amount you get depends on your National Insurance record.The only reasons the amount can be higher are if: you [...]
How much of a pension do I need?
When considering how much you’ll need to retire, the phrase ‘how long is a piece of string’ springs to mind. The answer depends on what the money’s going to [...]
What is an Enhanced lifetime allowance?
If you’ve been working abroad, then you might qualify for the benefits of the LTA Enhancement That’s because the Lifetime Allowance (LTA) is available to anyone who has contributed [...]
What is the lifetime allowance?
The lifetime allowance is a limit on the value of payouts from your pension schemes – whether lump sums or retirement income – that can be made without triggering [...]
How do I find a lost pension?
It’s important to track down all the different pension schemes you’ve paid into, so that you can be sure you’re claiming everything you’re entitled to in retirement. Some important [...]
When would a pension transfer be a good option to consider?
Your current provider doesn’t offer the type of pension you want. For example flexibility may be more important to you than a guaranteed income from within a final salary [...]
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