It’s a one-time purchase that affects your whole retirement, and you cannot change your mind later. So why on earth would you take the first one you’re offered? Most people are doing just that – and missing out on thousands of pounds. Annuities are like the prog rock of pension planning: deeply unfashionable, and they
If you’re retiring soon, you face a tricky choice about how to access your pension. Do you fancy flexible, or do you prefer to play safe? You don’t necessarily have to take one option over the other, because a third way is growing in popularity: guaranteed drawdown. Retirement? Stress free? Pull the other one. Right
Pension freedom gives you full access to your pension pot from the age of 55. Technically, this means that you could withdraw the whole sum at once. But there are some big reasons why in most cases you wouldn’t want to do this. Article by Armstrong Watson Financial Planning.
You’re over 55 and have full access your pension pot… but other people want some of it too. No, not fraudsters – this time it’s your own children and grandchildren. Which makes it even harder, because of course you want to help them. But can you? Over there is your thirty-year-old son, who’s still nowhere
Imminent changes to how the State Pension works could leave you worse off in retirement. Here’s why relying on the state to support you in later life is a bad idea – along with seven tips on what you can do instead. You may have heard that the new State Pension is going to rise.
They say 'Don't ignore the workplace pension' - but that's exactly what many self-employed people are doing. If you are your own boss, saving into a pension is easy to forget about - but if anything, it's even more important to remember.
Have you seen Workie? We think he’s rather sweet. But love him or loathe him, there’s no ignoring the monster in the room: the need for everyone to start a pension as soon as possible. Why the hurry? Here’s why. He’s been called everything from ‘psychedelic Honey Monster’ to simply ‘childish’, but ‘forgettable’ isn’t on
Ready to set sail for pension freedom? Then watch out for those rocks. There are more ways than ever to get the kind of retirement you dream of – but for a whole generation these are uncharted waters. Here are seven reasons why you may need an expert navigator. Farewell, ferry; hello, sailboat. That’s basically
You may be excited by the prospect of more choice in retirement – but you’re probably also worried about the risk of getting it wrong. In our guest article, retirement expert Billy Burrows offers a quick and simply guide to the big questions you need to think about first. The words of my school headmaster
If you reached State Pension age before 6 April 2016, you are eligible to boost how much you receive each week by paying a single lump sum. This option poses a complicated set of choices for you, so here’s a quick guide to help you weigh them up. The state pension top-up – what is it,
Pension freedom might look like a dream come true. But for many it has the potential to become a nightmare very quickly. Alan Steel, chairman of Alan Steel Asset Management, draws on forty years of industry experience to warn against rushing into any pension arrangements without proper advice. ‘When I get older, losing my hair
In the blue corner, the long-reigning champion of retirement planning: the annuity! In the red corner, the challenger for the pension freedom crown: drawdown! But which is better? There’s only one way to find out. Some people enjoy a flutter now and then; others really aren’t keen on betting. But all of us will one
Pension freedom is six months old today. So is it flourishing as we all hoped, or are there still some thorny issues to smooth out? Here’s an update on progress – and some useful insights for you. We’re half a year into the brave new world of pension reforms – so what do we think