Have you been offered the chance to transfer your defined benefit (final salary) pension? But do they insist that you take advice first? Then be glad about that – because it’s for your own protection.
Whenever the government or the media talk about the State Pension, you’ll generally hear the phrase ‘triple lock’ being used. It sounds like a good thing, and it is - but not everyone knows exactly what it means. IFA Carl Roberts of Wealth and Tax Management unlocks its mysteries.
Many employer pension schemes now include a Death in Service benefit. But should the worst happen, this apparent perk may cause even more grief for your family if you don’t plan ahead. What are the risks and how can you avoid them? Article by Armstrong Watson Financial Planning.
Saving into your pension is known as the ‘accumulation’ phase. How much you can save up depends on many factors – but you have more control over these than you think. Neil Adams of Drewberry Wealth explains how you should ‘calculate to accumulate’.
If you think life is looking more and more like Tales of the Unexpected, don’t despair. It’s still possible to take control of your own future – by understanding how pension freedom works. Ian Hartley, financial planning consultant with Armstrong Watson, shares some power tips.
Pension freedom has offered millions more Britons a new way to take income in retirement: drawdown. But most remain unaware of both the potential benefits and the real risks attached. Neil Adams of Drewberry Wealth puts these pros and cons side by side to help you decide.
A Qualifying Recognised Overseas Pension Scheme (QROPS) is an overseas pension scheme that can receive transfers from registered pension schemes in the UK. If you have one, you may not realise yet that the rules have changed. Alex Norwood of Montfort International explains how you could be affected.