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 | 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 | 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...
