pensions

To QROPS professionals, it’s obvious that HM Revenue & Customs is conducting a systematic review of providers with a view to weeding out the rogues. Every now and then a scheme disappears off the list only to re-emerge phoenix-like a week or two later with a clean bill of health. The reason is usually an […]

5 Facts Many People Don’t Know About Annuities

by Tony Galloway on 1 Nov, 2012

In this tough economic climate, many of us are forced to seriously consider our finances for when we reach retirement. However, many people are unaware of annuities – what they are, why we need them and the options that are available when it comes to purchasing annuities. Your annuity will effectively shape your retirement, in […]

How Will The 2012 Pension Changes Affect You?

How Will The 2012 Pension Changes Affect You?

The UK government is introducing new legislation to ensure workers make provision for their retirement. Employers will be expected to provide an adequate pension scheme for all eligible employees. The government is concerned that approximately 7 million people are failing to save up for their retirement. People are living longer; therefore they should save more […]

Pensions for Basic Rate Taxpayers

Pensions for Basic Rate Taxpayers

We all know we should be paying into a pension, particularly in light of rising life expectancies with only a pittance of a state pension to look forward to. But for those of us earning below the 40% tax bracket, it can be incredibly difficult to find the cash to put away. It’s much easier […]

Obtaining Professional Advice on Pensions and Retirement

Obtaining Professional Advice on Pensions and Retirement

When someone retires they are faced with some of the most difficult investment and financial management decisions that they will have ever faced. Yet only a staggering 44% of 55-64 year olds have ever sought advice on retirement planning. Defaqto (the data research company) hope to change this. In a study titled the Annuity Review, […]

How the Budget Affects Your Pension

How the Budget Affects Your Pension

The 2011 budget has brought in some significant changes for pensioners. Unfortunately none of them particularly good. The primary ‘giveaway’ of the budget was raising the personal tax allowance to a total of £8,105, but by April 2012, but this makes little difference to pensioners already enjoying an allowance of £9,490 (£9,640 for those 75 […]

Compulsory Annuitisation to be Scrapped from 6 April 2011

Compulsory Annuitisation to be Scrapped from 6 April 2011

In December 2010 the Government published new pension changes which scrap compulsory annuitisation. The changes will come into effect on the 6th of April 2011 and means that people will no longer be forced to buy an annuity at the age of 75. How the changes will affect people has yet to be seen. Some […]