How to claim higher rate tax relief on my pension
Tax relief is one of the best parts about saving into a pension, and it makes for a highly efficient savings strategy if it’s managed sufficiently. If you’re in a higher tax bracket, it’s possible that you aren’t maximising the benefits that pension contribution has to offer you, such as higher rate tax relief. Contrary...
My property is my pension: is this view sensible?
Property is historically a solid investment choice, yet despite the value growth that many homeowners relish, pensions still tend to represent less volatility when it comes to financial security in retirement. In an ideal world, one would not need to sacrifice one for the other and choose between property vs pension, but rather rely on...
Annuity or pension drawdown?
When the time finally comes to withdraw your pension, there are a few options available to you, the most common of which being annuity and drawdown. Both have unique benefits and setbacks, so it’s worth familiarising yourself with the details to make the perfect choice for your needs. What is an annuity? An annuity is...
Where can I find pension advice?
Alongside being one of the most crucial financial aspects of life, the world of pensions can be tricky to get your head around. It’s important not to let potential confusion deter you from taking control of your finances, and thankfully, there is help available should you need it. The internet can be a wonderful place...
What happens to my pension when I am ill?
When managing your pension, it’s vital to understand all the options you have available should you become ill. This is the best way to put your mind at rest and prepare for the future. It’s important to recognise that illness can result in a lack of access to work, which might mean you end up...
Understanding fund fact sheets
If you’re thinking about investing some of your hard-earned cash for the first time, you’ll likely need to understand fund fact sheets. They may be a little confusing at first, but ultimately, they’re designed to make your life as an investor much easier. Essentially acting as a summary document, a fund fact sheet is usually...
Pension vs ISA: Where is best to place your money?
In an effort to achieve your financial goals and benefit from a financially stable future, finding the best way to save your money is crucial. This could therefore have you comparing a pension vs ISA. It’s important to note that to enjoy a happy and fulfilling retirement, a dependable pension is nearly always essential. This...
One in three ‘worry they may have lost pensi …
More than 5.5 million workers have three or more pension funds. Consolidating pension funds can reduce fees and save administration time. Our latest research shows nearly one in three pension savers worry they have built up funds they have lost or forgotten about after changing jobs. The nationwide study found around two out of five...
The cost-of-living crisis and your pension
The cost-of-living crisis is taking its toll on the UK population, forcing many households into poverty, and leaving plenty of others struggling to keep up with their monthly bills. A result of rising inflation, stagnant wages, increasing energy bills, and a host of other factors have given rise to the crisis, an event that the...
