Topic: Uncategorized

‘Empty nesters’ plan to downsize

Posted on November 6, 2017 by - Uncategorized

Convenience rather than cash is the biggest motivation

There are plenty of reasons why moving into a smaller home makes sense, and more than 3.9 million over-55 ‘empty-nesters’ approaching retirement are planning to downsize to a cheaper property later in life[1] – but it is convenience rather than the cash that is their biggest motivation. (more…)

Are you ready to invest?

Posted on November 6, 2017 by - Uncategorized

5 reasons to open a Stocks & Shares ISA

Whatever you’re putting money aside for, there’s likely to be a role for Individual Saving Accounts (or ‘ISAs’). Low interest rates on cash savings since the financial crisis have meant that many savers have turned to the markets in the hope of achieving a better return.  (more…)

Retirement delays

Posted on November 6, 2017 by - Uncategorized

Access to health and well-being support in the workplace

There is now a clear trend of people working for longer and delaying their retirement. Although some are staying in work out of financial necessity, others want to keep working because they value the mental and social stimulation their job brings. (more…)

Self-Invested Personal Pension benefits on death

Posted on November 6, 2017 by - Uncategorized

Declaring who you want the payments to go to

If you die, your Self-Invested Personal Pension benefits will be paid to your beneficiaries – either as a lump sum or an ongoing pension. You’ll need to complete a nomination form declaring who you want the payments to go to. The tax treatment of any death benefits paid from your SIPP will depend on your circumstances. (more…)

Shopping around for an annuity

Posted on November 6, 2017 by - Uncategorized

One-time purchase that affects your whole retirement

Due to the current economic climate, it has never been more important to make the correct decisions when deciding how to invest a retirement fund. If you decide an annuity is right for you, it’s important to shop around. It’s a one-time purchase that affects your whole retirement, and you cannot change your mind later on. (more…)

Lifetime annuity

Posted on November 6, 2017 by - Uncategorized

Guaranteeing you a regular retirement income for life

An annuity allows you to use your pension fund to buy an income from the provider of your choice. The annuity guarantees regular payments until you die. Normally, once purchased, it cannot be altered. There are different types of annuity available in the market, and you should consider the best product to suit your circumstances. (more…)

Drawdown

Posted on November 6, 2017 by - Uncategorized

Helping you make the most of the new pension freedoms rules

Drawdown allows you to take income directly from your pension fund without the need to purchase a lifetime annuity. In turn, this allows your pension fund to remain invested in the assets of your choice whilst taking an income. (more…)

Pension freedoms

Posted on November 6, 2017 by - Uncategorized

Major shift in how you can access your pensions

New rules about pensions came into effect on 6 April 2015, providing more choice for anyone who has a private or occupational money-purchase pension. (more…)

Giving you more control over your retirement investments

Posted on November 6, 2017 by - Uncategorized

Transferring other pensions into a Self-Invested Personal Pension

If you have a UK registered pension scheme with another company, you can transfer its value into your pension fund. However, by transferring benefits from another pension provider into your Self-Invested Personal Pension, you may give up the right to guarantees over the kind of benefits, the amount you will receive and the level of increases that will be applied to your pension in the future. (more…)

Lifetime allowance

Posted on November 6, 2017 by - Uncategorized

Maximum total amount that an individual can hold within all their pension funds

There’s also a maximum total amount that an individual can hold within all their pension funds without having to pay extra tax when you withdraw money from them. The lifetime allowance is a limit to the amount you can save in your Self-Invested Personal Pension or other pensions over your lifetime, but excludes your State Pension. (more…)