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.

Pension Scam Cold Call Ban May Have To Wait Until 2020

cold callers

Pension scammers cold-call eight people every second, but the government may not have laws in place to stop them until 2020, a minister has revealed. Around 250 million cold calls are made every year, with 11 million retirement savers receiving calls since April 2015, according to official figures from the Money Advice Service. Fraudsters are … Read more

Pension Savers Pay £433m Too Much Tax

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Thousands of over 55s have overpaid millions in tax after drawing money from their retirement savings under flexible access pension rules. The mandarins at HM Revenue & Customs resolutely refuse to change the rules, which has left taxpayers fuming for paying too much income tax which they then have to claim back. Although HMRC says … Read more

Pension Revamp Is A Tax Tonic For Doctors

doctors

The government is writing a prescription to cure the pension ills of doctors facing tax problems. High-earning doctors have retired or cut their availability to the National Health Service because their pension growth was outperforming the lifetime allowance (LTA). The LTA is set at £1.055 million – but any pension pot exceeding the allowance faces … Read more

Record Number Of Over 70s Still Working

old man working

Age is no bar to working in retirement with record numbers of the over 70s refusing to stay at home, according to official data. The number of over 70s choosing to work after retirement has risen steadily every year for the past decade, peaking at 497,946 in the first three months of 2019. That’s an … Read more

Self-Employed Will Only Save For Retirement If Forced

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Half of the self-employed would willingly save into a pension – but only if the government brings in automatic enrolment regulations. Otherwise, thousands of workers will continue without any retirement savings, says a new report by investment house Fidelity International. One of the big issues about saving for the self-employed is locking away money. Pension … Read more

Music That Shapes Your Life Shapes Your Savings, Too

music

The music that shaped your life also influences the way you save, according to new research from a leading bank. If you were around when the Beatles were topping the charts, the likelihood is your saving strategy is different from the Guns n’ Roses generation. The US research for Wells Fargo says the usual thinking … Read more

Retirement Savers Shun Professional Financial Advice

Thousands of retirement savers shifting their pensions into drawdown are shunning professional financial advice. Financial experts argue that they risk draining their pension funds too soon because they are taking more than they can afford from their savings. Number crunchers at financial firm Zurich claim more than 435,000 people have moved their pensions into drawdown, … Read more

Is Consolidating Pensions Worth The Bother?

pension

British workers move jobs an average 11 times during their working lives and often leave a small pension pot behind. The chances are these are likely to be defined contribution pensions that come without any guarantees and fund sizes depend on investment performance. This is also likely to mean they come at a price – … Read more

The £50,000 Final Salary Tax Trap For High Earners

pension

If you are on course to pick up a retirement income of £50,000 a year or more from a final salary pension then you may face the prospect of seeing a slice disappear because of daunting taxes. That’s because a legal cap on pension savings means a fund of more than £1 million means pension … Read more