Co-founded by Richard Curtis, director of Love Actually and one of the brains behind Comic Relief, Make My Money Matter is a campaign for responsible investment for UK pension funds. Is ethical retirement saving one of the most effective actions you can take?
The Chancellor is poised to remove the state pension triple lock in the wake of COVID-19, potentially saving the UK £4bn a year - but at a cost to future generations of pensioners. Could it happen?
Nearly twice as many people are seeking pension drawdown advice via Unbiased, as pension withdrawals hit a new high in the wake of the coronavirus crisis. But those acting without independent advice risk making some big mistakes.
If you’re a higher-rate taxpayer with a workplace or personal pension, then submitting a tax-return (and doing it properly) is a must. Otherwise you’ll miss out on valuable benefits, and might also face hefty tax penalties.
There’s more than one nasty disease out there. The social and economic effects of COVID-19 have created openings for pension fraudsters to exploit – so retirees need to be on their guard.
The government has enhanced its support package for businesses, employees and freelancers affected by the coronavirus lockdown, following complaints that many have been unable to access help. So what’s changed?
‘Grandma, what did you do in the coronavirus lockdown?’ ‘That’s when I started the family business.’ Yes, we have to stay at home – but that’s no reason to be bitter. Sweeten your lockdown experience by taking some decisive financial action at last.
In 20 years of working as a scaffolder, Darren never had an accident at work. And then he did. But despite severe injuries, he was able to get back on his feet – thanks to the insurance he’d taken out just three months before.
The COVID-19 crisis has hit stock markets hard in recent weeks. This can be a serious issue for anyone relying on a pension pot, either near-retirement or post-retirement. What can you do to cushion the impact of a market crash?
The coronavirus outbreak means that mingling and meeting new people may be out – at least for a while. But the advice to self-isolate is no barrier to finding financial advice – as most IFAs and mortgage brokers are happy to help you remotely.
If you have a £100,000 pension pot, your retirement income will probably be around £4,000 to £5,000 per year, not including the state pension. However, it could be more or less than that, depending on various circumstances include how and when you choose to access your pension. Here’s how to estimate your retirement income.