Below you'll find a list of all posts that have been tagged as “Pensions”
Every so often we review someone’s pensions and find something they had no idea was there. Not extra money exactly, something better. A promise, written into an old policy decades ago, to convert their fund into an income at a rate far more generous than anything available on the market today. It is called a guaranteed annuity rate, and it …
The image most people have of a pension scam is a badly written email or a cold call from someone who sounds obviously dodgy. Those still exist. But they are not what catches people out any more. The approaches that work now look entirely professional. A well-built website. Printed brochures. A named contact who is polite, patient and happy to …
It is the biggest financial decision most people ever make, and it usually gets less thought than buying a car. When you reach retirement with a pension pot, you have to turn that pot into an income, and broadly there are two ways to do it. Buy an annuity, and you swap the pot for a guaranteed income for life. …
Today is National Financial Awareness Day — an annual prompt, held each 14 August, to stop and take an honest look at your money. Most of the advice you will see today is about the everyday: check your balance, cancel the subscription you forgot about, shop around on your energy bill. All sensible, and all worth doing. But there is …
Most of us change jobs several times over a working life — and nearly every job leaves a pension pot behind. Add in the odd personal pension started years ago, and it is common to arrive at retirement with four, five or more separate pots, some long forgotten. So should you bring them all together? Sometimes yes, sometimes emphatically no …
For decades, pensions have been one of the most effective ways to pass wealth to the next generation. Money left in a defined contribution pension has generally sat outside your estate for inheritance tax purposes — which is why many financially comfortable families have deliberately spent other assets first and preserved their pensions for their children. From 6 April 2027, …
