by hollyelaine | May 31, 2018 | employers, pensions, retirement, Uncategorised
1 – Pension Freedoms – What are your next steps? Make sure you have a clear picture of what pensions you have- some people lose track of old pensions from previous jobs, especially after moving property. Use the free government service to track down your...
by hollyelaine | Feb 14, 2018 | annuities, pensions, retirement
Credencis are Pension Transfer Specialists based in the UK offering an inital free pension advice service. Initially most consumers will google Martin Lewis, Citizens Advice, Pension Wise, or the Money Advice Service for free information. Common searched for questions...
by Psyphadeejay | Dec 19, 2017 | pensions, tax
Try these loopholes to maximise your pension 1 You are over age 55, and already receiving your drawdown pension. Invest up to £4,000 per year into a pension, you pay £3,200 net and this is topped up by 20% tax relief. Immediately you withdraw the money. The first 25%...
by Psyphadeejay | Feb 20, 2017 | pensions, retirement
Releasing money from your pension fund allows you to access your savings before you retire, or before the full term of the pension is up. Release 25% Tax Free You can take up to 25% of your pension’s value, completely Tax Free, as a cash lump sum to spend on whatever...
by bflindall | Oct 18, 2016 | pensions, retirement
Is it wise to swap your final salary pension for cash ? The new pension freedom rules arrived in April 2015 to a blaze of publicity. Anyone with a ‘money purchase’ scheme, also known as ‘defined contribution can access their money from age 55....
by bflindall | Jul 11, 2016 | annuities, pensions
Pension drawdown allows you to keep your fund invested in retirement as opposed to buying a miserly and restrictive annuity. The issue is that while many individuals detest the possibility of an annuity, the alternative means keeping your money invested which brings...
