Category: pensions & retirement & Uncategorized
From April 2015, those over 55 will be allowed to take as much money from their pension pot as they like, when they like, until the money runs out, dependent on the rules governing their individual pension scheme.
Category: pensions & retirement & Uncategorized
Following George Osborneâs announcement during the 2014 Budget that over-55s would benefit from increased freedoms around their pensions, the government has recently provided details on its free âadviceâ service, which was also announced during last yearâs Budget.
Category: pensions & retirement & savings & Uncategorized
The new pension rules, coming into effect this April, will enable those over 55 to take as much money as they like out of their Defined Contribution (DC) schemes, at lower tax rates.
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Category: pensions & retirement & Uncategorized
Everyoneâs idea of what income is needed to provide you with an âacceptable standard of livingâ in retirement is different. In addition, no estimate remains the same for long as prices and the cost of living change year-on-year. However here, drawing upon published material from Standard Life and the Joseph Rowntree Foundation (JRF), we look at some estimates and invite you to look at how your hopes and expectations for quality âGolden Yearsâ in your retirement, stack up.
Category: pensions & Uncategorized
The Pensions Regulator is the regulator of work-based pension schemes in the UK, with objectives to: protect membersâ benefits; reduce the risk of calls on the Pension Protection Fund (PPF); to promote and to improve understanding of the good administration of work-based pension schemes; to maximise employer compliance with automatic enrolment duties; and to minimise any adverse impact on the employerâs plans for sustainable growth.
Category: pensions & retirement & Uncategorized
Recent research from MGM Advantage, the retirement income specialist, reveals alarming disparities between the retirement finances of men and women. Although, on average, people in retirement feel that they need an additional ÂŁ130 per week on top of their current income to be financially comfortable, womenâs financial position in retirement is already more austere than that of men and their outlook seems to be much more prudent.
