It is harsh but probably true to say that where there is a person who has money, there is very likely to be someone out there who wants to part them from it. When an older person has the sort of money likely to be found in a pension pot then they can find themselves […]
Pensions
Pension Death Benefits
The importance of saving for retirement has been really driven home over recent years, particularly with the auto-enrolment campaign (“We’re all in”). Here is a quick look at the four types of pension and what happens to them upon the holder’s death. The state pension A state pension is given to an individual (even though […]
What Price Retirement?
When it comes to working out how much money you’ll need to pay for something, you need to have at least a reasonable idea of how much it’s going to cost. This holds as true for retirement as for any other aspect of financial planning. Working out the cost of your retirement Look online and […]
Stop Your Pension Becoming Taxing
Managing your money in a tax-efficient manner is generally to be recommended at any stage in life, but it’s arguably most important for pensioners, who need to make the income they’ve earned during their working years, last them all of the rest of their days, literally. Over recent years, the government has permitted greater flexibility […]
Top Financial stories of 2017
As we prepare to bid a (fond) farewell to the year 2017, here’s a quick round up of the year’s main financial news. January While it wasn’t, strictly speaking, financial news, the inauguration of President Trump, was pretty much guaranteed to set the stage for some major changes in numerous areas, including financial changes. As […]
State Pension – All You Need To Know
If you were born after the 5th of April 1951 (for men) or 1953 (for women), you will receive what is being called the “new state pension” as opposed to the old one. Any contributions you made under the old scheme will be transferred to the new one and treated under its rules. Here are […]