Topic: Uncategorized

Drawdown

Posted on November 6, 2017 by - Uncategorized

Helping you make the most of the new pension freedoms rules

Drawdown allows you to take income directly from your pension fund without the need to purchase a lifetime annuity. In turn, this allows your pension fund to remain invested in the assets of your choice whilst taking an income. (more…)

Pension freedoms

Posted on November 6, 2017 by - Uncategorized

Major shift in how you can access your pensions

New rules about pensions came into effect on 6 April 2015, providing more choice for anyone who has a private or occupational money-purchase pension. (more…)

Giving you more control over your retirement investments

Posted on November 6, 2017 by - Uncategorized

Transferring other pensions into a Self-Invested Personal Pension

If you have a UK registered pension scheme with another company, you can transfer its value into your pension fund. However, by transferring benefits from another pension provider into your Self-Invested Personal Pension, you may give up the right to guarantees over the kind of benefits, the amount you will receive and the level of increases that will be applied to your pension in the future. (more…)

Lifetime allowance

Posted on November 6, 2017 by - Uncategorized

Maximum total amount that an individual can hold within all their pension funds

There’s also a maximum total amount that an individual can hold within all their pension funds without having to pay extra tax when you withdraw money from them. The lifetime allowance is a limit to the amount you can save in your Self-Invested Personal Pension or other pensions over your lifetime, but excludes your State Pension. (more…)

Self-Invested Personal Pension contributions

Posted on November 6, 2017 by - Uncategorized

Limiting the amount of contributions you can make each year which attract tax relief

Every year, you receive an allowance for making contributions into a Self-Invested Personal Pension. The Government sets this limit because your pension contributions are topped up with tax relief. (more…)