Is my pension subject to inheritance tax?
Thinking about what happens to your family once you have passed on is something that many do not enjoy, but it is an important consideration. If you’re no longer around, you want to ensure your loved ones are taken care of as much as possible. Pensions, along with being there as support through retirement, can...
How does inflation affect my pension?
The UK is experiencing inflation rates at a 40-year high, resulting in a cost-of-living crisis that’s left millions of people struggling to pay the bills, and that’s putting it lightly. The effects of this crisis are not only incredibly far-reaching, but they look set to stick around for a while. For those of you wishing...
Myths about transferring your pension
You don't have to be an expert to make the most of your pension. Thanks to the internet and modern technology, more people can learn how to maximise their pensions and make changes that reflect their needs. One way you can do this is by transferring your pensions to a provider better suited to you....
Your SIPP questions answered
With so many pension products out there, choosing the right scheme to save for your retirement can seem daunting. A quick search on the internet reveals a huge number of questions on Self-Invested Personal Pensions, from what they are to what you can and can’t do with one. With a huge variety of SIPP queries...
The pension carry forward rule explained
If you wish to make pension contributions that exceed your annual allowance, you may be pleased to hear that the pension carry forward rule could enable you to still qualify for tax relief. This may be especially beneficial for those with irregular incomes like contractors and freelancers or anyone who wishes to make substantial contributions...
What are crystallised pensions?
You may have come across the phrases uncrystallised and crystallised pensions when plannng for your retirement. Whilst these phrases are common in the financial world, they may be a little confusing to the average saver. So what are crystallised pensions. Here we will explore what a crystallised pension is and what your options are. In...
What are Shariah funds?
Investing isn’t all about stats and figures on a spreadsheet, as it also raises some important moral and ethical questions that influence the way many people handle their finances. The world of pensions is no different. Some investors put their ethical principles first when it comes to finding the right assets to finance, and sometimes,...
How much can I pay into a pension each year?
Pensions are a heavily regulated area of finance, which is partly why it’s quite difficult to understand. To make sure you’re getting the most out of your pension contributions, it’s worth taking a moment to understand what the rules are regarding how much you can put in. If you need some useful guidance when it...
What is pension compound interest and why is it so …
Contributing to your pension pot early means you can make the most out of the various financial advantages that may come from saving over many years. Compound interest is one such benefit. Compound interest is a powerful and important concept that many people utilise to ensure their wealth grows exponentially as their investments build interest...
