Preparing Emotionally For Retirement

However much you might be counting down the days to freedom, if you're in a reasonably-paid, moderate-status job, or running your own business, retirement could be a shock to your system. Once you've gloried in the luxury of a few lie-ins, and enjoyed some well-earned Rest & Relaxation - what next? It can be [...]

By |2019-10-15T10:16:01+01:00September 9th, 2019|Financial Planning, Pensions|0 Comments

Should I Consolidate My Pensions?

Have you accumulated multiple pension pots throughout your working life? Are you now thinking "Should I consoldiate my pensions?" Consolidating pensions can be a good way to get to grips with your retirement savings. On average people now have several different jobs in the course of their working life. So, it’s not uncommon [...]

By |2019-10-15T11:10:48+01:00March 18th, 2019|Pensions|0 Comments

What is a SIPP Pension?

So what is a SIPP pension?  A Self Invested Personal Pension (also known as a ‘SIPP’) is essentially a type of tax-free wrapper in which you hold a wide range of permitted investments, and the contribution limits, tax reliefs, eligibility and the age at which you can start drawing an income are all the [...]

By |2019-10-15T11:12:13+01:00March 2nd, 2019|Pensions|0 Comments

Occupational Pension Schemes – To Transfer Or Not?

The key points to consider when making the massive decision to transfer from occupational pension schemes to money purchase schemes, including personal pensions and Self Invested Pension Schemes (SIPPs). The historic view is that “it’s always wrong to come out of a defined benefit or final salary pension scheme”. Whilst this is still the [...]

By |2019-10-15T11:18:47+01:00February 3rd, 2019|Pensions|0 Comments

Flexi Access Drawdown Pension

What Is A Drawdown Pension? On 6 April 2015, the Government introduced major changes to people’s defined contribution (DC) private pensions. Once you reach the age of 55 years, you now have much more freedom to access your pension savings or pension pot and to decide what to do with this money – [...]

By |2019-10-15T11:19:32+01:00January 25th, 2019|Pensions|0 Comments

Should You Be Cashing In Pensions At 55?

For most people unlocking or cashing in pensions at 55, in part or in full, is now possible. How you do this will depend on the type of scheme you have and how you want to take your benefits. Under pension freedoms, the rules allow anyone aged 55 and over to take the whole [...]

By |2019-10-15T11:21:48+01:00January 14th, 2019|Pensions|0 Comments