Increase in pension age

Posted on May 4, 2021 by - Uncategorized

It’s all about the planning, now and in the future

The government has confirmed that it plans to increase the minimum pension age at which benefits under registered pension schemes can generally be accessed, without a tax penalty, from age 55 to age 57 commencing 6 April 2028.

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Deciding when to retire

Posted on May 4, 2021 by - Uncategorized

Looking at different sources to estimate how much income you’ll have

When deciding when to retire, the most important thing to consider is making sure you have enough money to live comfortably. Imagine you’re retiring today. Will you be able to financially support yourself, and potentially your family too, with your current pension savings?

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The power of planning

Posted on May 4, 2021 by - Uncategorized

Changing shape of retirement

Are you ‘mid or late career’ or planning to retire within ten years? If the answer’s ‘yes’, then you probably want to know the answers to these questions: Will I be able to retire when I want to? Will I run out of money? How can I guarantee the kind of retirement I want?

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Upbeat around retirement

Posted on May 4, 2021 by - Uncategorized

Tax relief and lifetime limits

Saving into a pension is one of the most tax-efficient ways to save for your retirement. Not only do pensions enable you to grow your retirement savings largely free of tax, but they also provide tax relief on the contributions you make.

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Take it to the max

Posted on May 4, 2021 by - Uncategorized

Feel confident about your retirement

If you’ve been diligently saving into a pension throughout your working life, you should be entitled to feel confident about your retirement. But, unfortunately, the best savers sometimes find themselves inadvertently breaching their pension lifetime allowance (LTA) and being charged an additional tax that erodes their savings.

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