Why should I bother with a personal pension?
As the years pass by, it’s surprisingly easy to find yourself out of the loop when it comes to the world of pensions, especially if your employer takes care of it for you through a workplace scheme. There are many options when it comes to saving for your retirement and the sooner you learn about...
What happens to my pension if I work abroad?
For some, the chance to work abroad marks the start of an invigorating new adventure, one that opens up a wealth of various personal opportunities. Others may find the concept of working abroad terribly confusing and difficult to navigate, especially when the prospect of pensions and taxes are brought into question. If you’re about to...
How has Brexit affected pensions for expats?
The UK formally left the European Union in January of 2020. For many expats, the move has resulted in some confusion regarding the future of their pension pots. So how has Brexit affected pensions for expats? In order to make sure you get the most out of your savings and prepare yourself for a bright...
How big a pension do you need to retire?
Saving for your retirement doesn’t need to be a worrisome affair; after all, it’s to ensure that you get the very best out of your later years. Ultimately, your pension needs to be able to support the lifestyle you want to lead in the future. Whatever that lifestyle looks like, your pension is the place...
When can I take my pension benefits?
Understanding when and how you can start taking benefits from your pension pot is essential for planning your finances in later life. Because of the 2015 Pension Freedoms Act, you now have multiple options when accessing your pension. This means you can choose how best to take your benefits for your circumstances and plans for...
Understanding if a SIPP is right for you
Self-Invested Personal Pensions (SIPPs) have become a very popular as a way to save for retirement in recent years, providing a more flexible type of investment for anyone looking to diversify their pension investments and have their money work for them. Here we will explore if a SIPP could help you make the most of...
Defined Contribution and Defined Benefit schemes e …
Pension Schemes generally fall into one of two categories, Defined Benefits and Defined Contribution schemes. Whilst most pension products now fall into the Defined Contribution bracket, some employers still offer Defined Benefit pensions. An iSIPP is a Defined Contribution pension. Whilst Defined Contribution schemes may offer some advantages, like all investment products they are not...
Pension Funds – What are they?
Self-Invested Personal Pensions are a way of saving for your retirement. As well as being a savings product they are also an investment product, meaning the money you save for retirement, including tax relief is placed into Pension Funds and invested. What are Pension Funds? With a Pension Fund, the savings of many investors are...
Pension contributions explained
In this post, we will be explaining the pension contributions you can make to your SIPP. We will also explaining who can pay pension contributions into your SIPP. We’ll be breaking down the key points whilst also simplifying legal definitions. For a more detailed overview, be sure to look at the Key Features Document for...
