by bflindall | Mar 23, 2016 | ISAs, pensions
The government recently unveiled plans for a new lifetime ISA, which will be launched in April 2017. The new ISA addition was designed to help younger people save for both a house and their retirement. So for anyone between the ages of 18-to-40, you can basically save...
by bflindall | Jan 29, 2016 | pensions, retirement
The government are introducing pension rules which could leave high earners with unexpected tax bills. From 6 April 2016, the annual allowance will be tapered from £40,000 for those with earnings of £150,000 or more down to £10,000 for those with income of £210,000 or...
by bflindall | Jan 12, 2016 | pensions, retirement
If you are over 55, you can access up to 25% of your pension funds tax free and what’s more, you can do with it whatever you wish. One of the big benefits of pensions has always been the tax free cash lump sum you can take when you retire. In general you can take up...
by bflindall | Jan 6, 2016 | pensions, retirement
A new report by the Organisation for Economic Cooperation and Development (OECD), confirms UK pensioner’s will retire on just 38% of their former salary. Depressing statistics eh? A full state pension from April 2016 will pay £155.65 a week. That is based on you...
by bflindall | Nov 27, 2015 | pensions
The new Pension Freedom rules allow anyone over age 55 the ability to cash in their pension fund. If you have cashed in your pension, and now regret the decision, you cannot subsequently go back to your provider and ask them to reinstate it. The rules do not allow...
by bflindall | Aug 31, 2015 | annuities, pensions, retirement
The new Pension Freedom rules allow members of final salary pension schemes, or defined benefit (DB), to switch into defined contribution (DC) arrangements and take advantage of the changes. This allows members of defined contribution (DC) schemes to access their...
