Pension divorce rules
Sometimes things in life don’t go according to plan and you and your partner might have decided to separate. Going your separate ways creates a lot of financial administration and you might be wondering how the split might affect your pensions going forward. Here we will explore how a separation may affect your pension and...
Guide to accessing your pension
One of the main advantages of a Self-Invested Personal Pension (SIPP) is the flexibility this kind of pension scheme offers when choosing how to access your pension. Since 2016, the UK government made it easier for investors to access their pension when they reach age 55, providing multiple ways this can be done to suit...
Pensions and tax
When considering your retirement income, it is a good idea to have a firm grasp of tax rules surrounding your pension. Here, we will take you through the basic rules regarding pensions and tax, helping you understand your obligations in retirement. It is a common misconception that income from your pension is tax-free. Normally, withdrawals...
Should I combine my pensions?
It’s perfectly normal to have several jobs throughout your working life, and in doing so, you might have accumulated an assortment of different pensions along the way. According to The Times, 1.6 million pensions are lost in the UK often due to people moving house or changing jobs, the value of which is estimated to...
What is the difference between a SIPP and a SSAS?
When looking for pension schemes that help you to plan efficiently for retirement, two types often come to the would-be investor’s attention: SSAS’ and SIPPs. So, what is the difference between a SSAS and a SIPP? In basic terms, they are both regulated pension schemes. This means HM Revenue and Customs (HMRC) underlying rules on...
SIPPs and workplace pensions – What’s …
When it comes to saving for your retirement, pensions are a tax efficient way to build towards your future goals. Aside from the State Pension, most people will come across two types of pensions in their life, SIPPs and workplace pensions. Knowing the difference between the two can help you plan for your financial future...
How to spot pension scams
There has been a recent rise in pension scams, with thieves targeting pension pots of all sizes. Know how to spot the signs and protect your financial future. Victims of pension scams lose an average of 91,000 apiece after being targeted by criminals. Scams are becoming increasingly harder to spot, especially since they're frequently disguised...
Pensions – the basics
Here at iSIPP, our mission is to put the power to take control of your financial future in your hands. Saving into a pension is one of the most efficient ways you can begin to build your savings and support yourself later in life. In the UK there are several types of pensions. The good...
What is pension consolidation?
If you’re looking to make the most of your money, you may have heard about pension consolidation. Did you know that you may have thousands of pounds of unclaimed pension savings out there? As you move through life, you could have changed jobs several times, enrolling onto new employer pension schemes each time. You may...
