How can I take an income from my pension?
If you have a defined contribution pension (where what you pay in dictates what you can take out) rather than a Defined Benefit pension (where your employer pays you a…
Category: Pensions
Pensions and Divorce
Here I am talking about another cheery topic – not death this time, but the other “D” word – Divorce. According to the Office for National Statistics, 42% of marriages…
Spring clean your finances
Spring is in the air. We are seeing lambs in the fields, colourful flowers blooming, and the sun if we’re lucky. Spring has also always been associated with having a…
New tax year – now is the time to do your Financial Planning
Many people leave their financial planning until the last minute, at the end of the tax year. Luckily, some providers remain open until midnight on 5th April each year and…
Tax year end planning – Pensions
Tip – as the tax year end approaches, make sure you have used all of your allowances There are allowances each year that can reduce tax, receive tax relief and/or…
What is the Pension protection Fund?
Following on from last week’s blog What is a Defined Benefit Pension Scheme? which you can read here, this week I will look at the implication of Carillion’s Pension Scheme…
What is a Defined Benefit Pension Scheme?
In this blog, I will look at what is a Defined Benefit Scheme? And then in next week’s Blog, I will look at the Pension Protection Fund (PPF). What is…
It’s my Birthday!
It’s my birthday tomorrow and I am turning 37. Just 3 years until I’m 40 and about another 31 years until I reach state pension age (if I am lucky).…
What will happen to my pension if I die?
With pension freedoms that came in in April 2015, the tax implication on pensions on death were amended as was the way in which pensions could be inherited. The changes…
What is your new year’s resolution?
What is your new year’s resolution? Is it to start exercising? Go on a post-Christmas diet? To always put the top on the toothpaste? Or to take up a new…