Topic: Uncategorized

ADDITIONAL INCOME PROTECTION

If you have a partner or other dependants, such as children, you might want to think about additional retirement income protection. With income protection, your named dependants could get some or all of your retirement income if you die, either as regular payments over a period of time or as a one-off lump sum. (more…)

VALUABLE OPTIONS THAT ALLOW YOU TO TAILOR THE INCOME YOU NEED

In the UK, there are basically two types of annuity:

– pension annuities (compulsory purchase)
– purchased life annuities (voluntary purchase) (more…)

AN IMPORTANT ONE-OFF DECISION THAT HAS LONG-TERM CONSEQUENCES IF YOU GET IT WRONG

If you save through a private personal pension, when you approach retirement age you’ll have to decide what to do with the pension fund you have built up. If applicable to you, one option is to buy an annuity. It’s important to find an annuity that suits you and provides the best deal because, after your property, an annuity is probably the biggest purchase you will ever make. (more…)

THOUSANDS OF PENSION SAVERS COULD BE IMPACTED UNLESS THEY ACT SWIFTLY

If you are making high levels of pension contributions you will need to obtain professional financial advice to make sure that you know whether you will be affected by the impending new lifetime allowance (LTA) limit changes. Thousands of pension savers could be impacted by the forthcoming changes unless they act swiftly. (more…)