Tag: pension
Pension providers told to give stronger push towards guidance service
Pension Wise was created in 2015 alongside the introduction of so-called ‘pension freedoms’, which are designed to give people reaching…
Pension providers to warn about dangers of holding too much in cash
With inflation, or the increase in the cost of living, predicted to peak at around 5% in 2022, personal pension…
What is pension drawdown and how does it work?
Drawdown isn’t the only way your pension can provide you with an income, so make sure you consider all the…
State Second Pension and SERPS explained
If we now take the same example (Emma, who has worked throughout her life, earning average earnings and reaching State…
Pension Credit explained – Rest Less
You can make a Pension Credit claim by phone using the Pension Credit claim line on 0800 99 1234. If…
What happens to my pension if I’m made redundant?
Defined benefit, or final salary pensions: These schemes provide a guaranteed income for life at retirement, using a special formula…
Five biggest pension myths exposed
Pensions can actually be a very tax-efficient way of passing your money onto future generations. If you have a defined…
Government introduces measures to prevent pension scams
If anyone provides you with a pension opportunity that sounds too good to be true, remember it usually will be….
What happens to my pension when I die?
If you die while you are paying into a defined benefit pension, your scheme will usually pay out a lump…
Pension carry forward explained – Rest Less
Using this rule, you are able to carry forward unused annual allowances from up to three previous tax years, which…