by Psyphadeejay | May 23, 2014 | budget, pensions
There has been a surge in pension advice enquiries Post Budget 2014. The diversity of potential products available post-retirement was encouraging people to seek advice. Credencis say: “Annuities remain an inflexible solution, and you no longer own your pension pot....
by Psyphadeejay | May 23, 2014 | pensions
Hundreds of thousands of savers could be heading for a tax shock at retirement because they fail to understand the new pension freedom rules being introduced by the Government. Many people with defined contribution pensions are labouring under the illusion that they...
by Psyphadeejay | May 22, 2014 | pensions
People being targeted by cold callers who are falsely claiming to offer new, free Government-backed retirement guidance could end up putting their money into risky investments and losing their pension savings, the City regulator has warned. The Financial Conduct...
by Psyphadeejay | May 22, 2014 | employers, pensions
Employers are currently prevented from helping people plan their retirement because of concerns they could be sued, Simon Foster, head of corporate life and pensions, UK and international savings at Zurich, said. Mr Foster said employers do not want to play a huge...
by Psyphadeejay | Mar 20, 2014 | budget, ISAs, pensions
The Budget 2014 really was fantastic news for savers and investors looking to retire in the future. As things stand pension investors aged 55 or over can normally take up to 25% of their pension as tax-free cash, and a taxable income from the rest. Today George...
by Psyphadeejay | Mar 19, 2014 | pensions, tax
Investors with large pensions could find themselves facing a 55% tax charge on 6th April 2014 if they do not take the neccessary precautions to protect their retirement pension fund. The total amount you can hold in a pension, called ‘the Lifetime Allowance’, will...
