Understanding and preventing pension erosion
As you plan for your future and work towards financial security, one key aspect that demands your attention is your pension. While a pension can provide a valuable source of income during retirement, it is important to be aware of potential risks that can erode its value over time. In this article, we will explore...
What are pension exit fees?
Nobody wants to see their pension pot reduced for any reason when financial planning for retirement. Not only have they worked hard for the money, but their pension allows them to enjoy a more comfortable life. However, there is an issue that can cause their savings to be negatively impacted: pension exit fees. What are...
Are PAYE contractors entitled to a pension?
For those that don’t work under standard employment, pensions can be confusing. This is the case for PAYE contractors, and it often leads to them wondering where they stand with their pension options. The following guide will hopefully clear up the confusion and ensure your future is secured the right way with a good pension....
How to Avoid the 60% Tax Trap
We are all responsible for paying taxes and contributing to society. While most are happy to play their part, there is also a situation where people want to avoid paying more tax than its worth. This is the case with the 60% tax trap. What is the 60% tax trap? The 60% tax trap comes...
How to find your pension number
Knowing your pension number is important for retirement planning. If you need help finding your pension number, this step-by-step guide will teach you how to do this successfully. There is no need to panic over not knowing your number or worry about the future. This guide has you covered. What is a pension number? Also...
Find lost pensions with the pension tracing servic …
A lost pension is no good for you. Fortunately, there are ways to uncover a pension that has seemingly disappeared into the ether. One method is to utilise the Pension Tracing Service. This is everything you need to know about finding a lost pension. What is the Pension Tracing Service? The Pension Tracing Service does...
Auto-Enrolment: A guide for employees and employer …
Auto-enrolment is an important initiative for both employees and employers. For employees, it is vital they are given the opportunity to enrol on a company’s workplace pension. For employers, it is their legal responsibility to automatically enrol all eligible workers. This guide will explain why this is the case, along with highlighting the significance of...
The State Pension – a beginner’s guide …
The government-provided State Pension is an important element of your retirement savings. This beginner's guide will detail how to calculate your State pension, along with the key factors – such as your retirement age and National Insurance contributions – that determine your pension amount. Understanding retirement age The UK's current retirement age plays a significant...
What is the State Pension?
Most UK residents are entitled to a State Pension once they have retired. Yet what exactly is the State Pension? If you aren’t familiar with this or need some confirmation that you fully understand it, keep reading. This guide will answer the question, as well as explain other basics relating to the UK State Pension....
