Retirement

Featuring the latest retirement news, these articles show you how to make the most out of your pension, and provide information on retirement planning, pension transfers, QROPS, QNUPS and SIPPS. This market is volatile – and our team of experts can help you understand the factors at play by stripping away the opinions and reporting the solid facts. We’ll keep you up to date with the latest legislation, how to claim pensions when you are overseas, and any changes to British pension rules. To compliment this offering, we also look at the latest expat lifestyle trends – so you stay informed of the latest news and developments – wherever you are in the world.

Expat Pensions, Understanding The Jargon

Jargon

Expat pensions can be complicated as they come in different types that offer different outcomes for retirement savers. If you don’t know the difference between a DB and DC pension and how they could impact your retirement income, you could miss out on a significant amount of money in your later years. This guide helps … Read more

How Much Money Will You Spend In Retirement?

Piggy bank with jars and coins in years

The dilemma for many people approaching retirement is how much money they need to live on. Research shows that most of us overthink what we need for retirement, believing they will spend at least as much as they are paid in wages. The rule of thumb is making plans for pensions and savings to cover … Read more

How To Trace Money In A Lost UK Pension

Pension Tracing, man search for lost UK pension

As millions of retirement savers get on with their lives and move homes and jobs, many forget that they may have forgotten about the money sitting in ‘lost’ workplace pensions. Once people could expect to spend their entire working life with a single employer, but now they chop-and-change jobs regularly in the fast-moving world of … Read more

GAD Rates Explained

GAD Rates

The GAD rate is the way of calculating how much income to take from a capped drawdown pension pot when the money was invested in income generating funds. Capped Drawdown was scrapped when pension freedom rules came into force from April 6, 2015. Although Capped Drawdown is closed to retirement savers, anyone working under the … Read more

Pensions Overhaul Frees Doctors From Taper Trap

The National Health Service, NHS, Logo

Budget 2020 was big on spending but light on cutting taxes – but pension rules have changed for the highest earners. The tapered annual allowance for pensions has been a buffer stopping doctors working longer hours because their pay arrangements meant earning more put them at risk of tax penalties as much of the extra … Read more

Bigger Is Not Always Best For Pension Savers

saving

The new pensions dashboard may encourage retirement savers to tidy their finances by consolidating pensions – but this is not always a good idea, says one expert. Former Pensions Minister Steve Webb, who is now a director at financial firm Royal London, reckons savers should take professional advice before consolidating  as the wrong decision could … Read more

Pension Savers Left Stranded By Thomas Cook Collapse

Thomas Cook

The collapse of the world’s oldest travel company Thomas Cook has left thousands of workplace pension savers uncertain over what happens to their retirement savings. Although the firm closed the door on the workplace defined benefit pension scheme some years ago, money in the funds of 13,000 current and former employees are impacted. The good … Read more

Workplace Pension Transfer Values Drop Again

Workplace pension transfer values are still falling, according to new data. The number of retirement savers transferring out of their direct benefit pensions is also dwindling, according to figures from monitor XPS Pensions Group. The average transfer value of a pension in June was £240,800 – down from £241,500 at the end of May and … Read more