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.
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
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
Financial firms are rushing to offer equity release loans to the over 65s as they rush to unlock cash for retirement. Rather than downsize, the over 65s prefer to stay in their homes and many spend the extra cash on care funding and helping with the bills. More than 1.3 million requests go out to … Read more
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
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
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
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
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
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
How much money you need to fund a comfortable retirement is the question most of us would like answered. After all, having a definite figure to aim for would make saving a lot easier. But we are all different. Some of us will live longer than others, some of us will have a more extravagant … Read more