Alternative to Flexible Pension Drawdown

Protect Annual Allowance with Small Pension Drawdown

Life Expectancy Financial Planning

Published / Last Updated on 06/05/2015

Video looks at the issues of taking life expectancy into account when looking at flexible pension drawdown planning and later life care fees planning. You need to be aware of basic life expectancy averages in the UK when financial planning.

Related Videos

Transitional Protection Choices Explained: McCloud Judgment Pension Options for 2015 to 2022

Transitional Protection Choices Explained: McCloud Judgment Pension Options for 2015 to 2022

In 2018, the Court of Appeal ruled that the way public sector pension reforms were introduced in 2015 was unlawful age discrimination. Older members were allowed to stay in ...

22d

Pensions

Pensions and Bankruptcy UK Current Rules on Protection Explained

Pensions and Bankruptcy UK Current Rules on Protection Explained

1. Overview Since 29 May 2000, most UK pension rights are excluded from a bankrupt’s estate under the Welfare Reform and Pensions Act 1999 (WRPA 1999). This means pension pots ...

1m22d

Pensions

Total Reversal in Retirement Planning for Annuities, Drawdown & the New IHT Landscape (2026)

Total Reversal in Retirement Planning for Annuities, Drawdown & the New IHT Landscape (2026)

1. The Original Advice (2014–2015) Twelve years ago, the guidance was simple: Delay annuity purchase. Avoid locking in. Wait for flexible access drawdown. From April 2015, pension freedoms allowed retirees to: Use ...

2m14d

Pensions

Are CDC Schemes the Future Backbone of UK Retirement Income?

Are CDC Schemes the Future Backbone of UK Retirement Income?

Takeaway: Collective Defined Contribution (CDC) schemes are now positioned—both structurally and politically—as a potential long‑term mechanism to relieve pressure on the UK State Pension, but not to replace it ...

2m15d

Pensions

Can I Cash In My Pension Early? Guide to UK Pension Early Access Rules

Can I Cash In My Pension Early? Guide to UK Pension Early Access Rules

Many people ask whether they can “cash in” their pension early — often because they’re facing financial pressure, unhappy with investment performance, or simply want more control over their ...

4m24d

Pensions

Overview: Your Pension and Retirement Choices

Overview: Your Pension and Retirement Choices

As you approach your 50s and 60s, key questions naturally arise about retirement. Understanding the type of pension you hold is the foundation for making informed decisions about income, ...

6m27d

Pensions

Should I Invest in Shares Direct or Tracker Funds or ETFs?

Should I Invest in Shares Direct or Tracker Funds or ETFs?

There has always been a debate about whether to buy Shares direct via a stockbroker or share trading platform. Shares via a traditional tracker fund. Shares via the newer Exchange Traded Funds ...

7m28d

Pensions

Planning for the Effect of Inflation on Pensions and Savings

Planning for the Effect of Inflation on Pensions and Savings

It’s all well and good if you are saving in pensions, ISA’s or investing in markets. It is a wise thing to save. However, you need to know the impact ...

10m19d

Pensions

What is the Unofficial Effective Income Tax Rate of 60%?

What is the Unofficial Effective Income Tax Rate of 60%?

There has been much speculation that the government may look to put a cap on salary sacrifice, where employees ‘give up’ salary with their employers to have the equivalent ...

10m26d

Pensions

Take Action Before Normal Retirement Age Increases from 55 to 57

Take Action Before Normal Retirement Age Increases from 55 to 57

State Pensions With effect from 6th April 2028, the State Pension Age (SPA) increases again to age 67. Most people will be aware that state pension age used to be ...

11m6d

Pensions

Pensions and Interaction of Inheritance Tax and Lump Sum Death Benefit Allowance

Pensions and Interaction of Inheritance Tax and Lump Sum Death Benefit Allowance

Many may now be aware that in Rachel Reeves’ October 2024 Budget, she announced that unused pension funds would be included in your estate on death for inheritance tax ...

> 1y5m

Pensions

Introduction to Pension Sharing on Divorce

Introduction to Pension Sharing on Divorce

You may be aware that when a couple divorce, there is usually a fair sharing of matrimonial assets between the separating couple. That said, recent case law and appeals ...

> 1y3m

Pensions

Can My Pension Fund Lend Money and or Borrow Money?

Can My Pension Fund Lend Money and or Borrow Money?

As previously covered in other videos, selecting your own direct ‘permitted’ investments for your pension scheme rather than investing in collective funds offered by your pension provider or pension ...

> 1y4m

Pensions

Pension Scheme Options for Limited Company Owner Directors

Pension Scheme Options for Limited Company Owner Directors

Two things that are important for limited company owner/directors to remember: As well as a shareholder owner, if you are a working director, you are an employee of your business. Employer ...

> 1y4m

Pensions

When to Apply for a Transitional Tax-Free Cash Amount Certificate TTFAC?

When to Apply for a Transitional Tax-Free Cash Amount Certificate TTFAC?

As many will know, the maximum amount you can accumulate in pensions during your lifetime, the Lifetime Allowance (LTA) of £1,073,100, was abolished on 5th April 2024. This means ...

> 1y5m

Pensions

State Pension Voluntary NIC Top Up 2025 Onwards

State Pension Voluntary NIC Top Up 2025 Onwards

Do you have a gap in your National Insurance Contributions and therefore your entitlement to UK State Pension? Less than 10 years NI credits = No entitlement to state pension ...

> 1y6m

Pensions

Calculate Increased Pension When Postpone Taking UK State Pension

Calculate Increased Pension When Postpone Taking UK State Pension

You Must Claim Your UK State Pension You should get a letter around 2-3 months before you reach your State Pension age advising you to claim your state pension. You do ...

> 1y6m

Pensions

Tax Relief on UK Pension Contributions Explained

Tax Relief on UK Pension Contributions Explained

To encourage you to save in pensions for retirement for both you and children/grandchildren, the government offers tax relief as an incentive to both you and your employer. Current Income ...

> 1y7m

Pensions

Four Different Types of Guaranteed Annuity Rate

Four Different Types of Guaranteed Annuity Rate

An annuity is usually a guaranteed income for life. If you want a lower risk secure income, usually you buy a guaranteed annuity with 75% of your remaining pension ...

> 2y5m

Pensions

What Happens to My UK State Pension on Death?

What Happens to My UK State Pension on Death?

What happens to your UK state pension on death will depend upon what sort of UK state pension you have. There are currently two state pension formats, one for ...

> 1y8m

Pensions

UK State Pension Bigger Than Personal Tax Allowance

UK State Pension Bigger Than Personal Tax Allowance

When you have company and private pension income, HMRC will issue a Tax Code to the pension schemes to ensure that the correct level of income tax in deducted. ...

> 1y8m

Pensions

Pension Death Benefits for Beneficiaries and Lump Sum Death Benefit Allowance

Pension Death Benefits for Beneficiaries and Lump Sum Death Benefit Allowance

**Pensions Now Included in Estate for Inheritance Taxes in UK w.e.f. 06/04/2027** See: BTN_RED_VIDEO:2050 So be careful when leaving pensions to anyone other than your spouse/civil partner e.g. children. We have explained ...

> 2y2m

Pensions

Lifetime Allowance Removal 2. Death Before 75

Lifetime Allowance Removal 2. Death Before 75

**Pensions Now Included in Estate for Inheritance Taxes in UK w.e.f. 06/04/2027** See: BTN_RED_VIDEO:2050 So be careful when leaving pensions to anyone other than your spouse/civil partner e.g. children. Following discussions with ...

> 3y5m

Pensions

No Nominated Beneficiary on Death Pension Flexible Drawdown

No Nominated Beneficiary on Death Pension Flexible Drawdown

**Pensions Now Included in Estate for Inheritance Taxes in UK w.e.f. 06/04/2027** See: BTN_RED_VIDEO:2050 So be careful when leaving pensions to anyone other than your spouse/civil partner e.g. children. Nominating beneficiary on ...

> 7y1m

Pensions

What Happens To Pension on Death April 2015

What Happens To Pension on Death April 2015

**Pensions Now Included in Estate for Inheritance Taxes in UK w.e.f. 06/04/2027** See: BTN_RED_VIDEO:2050 So be careful when leaving pensions to anyone other than your spouse/civil partner e.g. children. What Happens To ...

> 12y

Pensions

What Happens to Private Pension on Death

What Happens to Private Pension on Death

**Pensions Now Included in Estate for Inheritance Taxes in UK w.e.f. 06/04/2027** See: BTN_RED_VIDEO:2050 So be careful when leaving pensions to anyone other than your spouse/civil partner e.g. children. Video to explain ...

> 12y2m

Pensions

What State Benefits Are Affected by Taking Pension Early?

What State Benefits Are Affected by Taking Pension Early?

We are approached every week with people wishing to access their pension lump sums and/or income early from their pensions. For some this may be to improve daily lifestyle ...

> 2y1m

Pensions

UK State Pension Forecasts UK or Overseas Resident

UK State Pension Forecasts UK or Overseas Resident

State Pension Age Review and the Future State Pension age rises to 67 will take place as planned between 2026-2028. Review within two years of next Parliament to reconsider rise to ...

> 2y1m

Pensions

Pensions Care Fees and Life Annuity Advice Service and Fees

Pensions Care Fees and Life Annuity Advice Service and Fees

There are basically three types of annuities available in the UK: Pension Annuities where, as the title suggests, after any lump sum, the balance of your pension fund buys a ...

> 2y1m

Pensions

Our Range of Pensions and Retirement Advice Services

Our Range of Pensions and Retirement Advice Services

Our pensions are likely to be the second largest investment you will make during your lifetime behind property. Sadly, pensions can be complex and despite the Labour government of ...

> 2y1m

Pensions

Lifetime Allowance Protection and Lump Sum Death Benefit Allowance

Lifetime Allowance Protection and Lump Sum Death Benefit Allowance

As many will know, the maximum amount you can accumulate in pensions during your lifetime, the Lifetime Allowance (LTA) of £1,073,100, was abolished on 5th April 2024. This means ...

> 2y2m

Pensions

Pre-Election Pension Decisions if Labour Reintroduce Lifetime Allowance

Pre-Election Pension Decisions if Labour Reintroduce Lifetime Allowance

What should we do to plan if Labour wins the General Election on Pensions and Lifetime Allowance? Now that is a question that we cannot possibly answer with any certainty. Spring ...

> 2y4m

Pensions

Level Pension Annuity versus Index Linked Pension Annuity

Level Pension Annuity versus Index Linked Pension Annuity

This is a debate that always takes place when you are at retirement and have decided to take the lower risk approach to income in retirement via an annuity ...

> 2y5m

Pensions

Ill Health and Serious Ill Health Early Retirement

Ill Health and Serious Ill Health Early Retirement

Many will be aware that the earliest you can access your pensions and retirement benefits in the UK is at age 55 (age 57 from 2028). Unless you have ...

> 2y4m

Pensions

Single Life Annuity v Joint Lives Spouse Annuity

Single Life Annuity v Joint Lives Spouse Annuity

At retirement, you usually have a choice with your investment linked money purchase pensions such as Personal Pensions, SIPPs, and Workplace pensions to Take a 25% lump sum or not. Remaining ...

> 2y5m

Pensions

Educate Children/Adults On The Massive Cost in Delaying Starting A Pension

Educate Children/Adults On The Massive Cost in Delaying Starting A Pension

It is all well and good learning Pythagoras, Newton’s 3 Laws, Boyle’s Law, Archimedes’ Principle or πr2 (Pi R squared) at school but for most of us, we rarely ...

> 2y5m

Pensions

Small Pension Pots Advice and Consolidation

Small Pension Pots Advice and Consolidation

We are approached regularly by potential clients with several small pension pots built up from a series of employments. For example: 4 small pension pots of £3,000, £5,000, £500 ...

> 2y6m

Pensions

Pension Transfer and Pension Liberation Tax Charges

Pension Transfer and Pension Liberation Tax Charges

Under UK pension law, you are allowed to access your pension funds once you reach age 55 (age 57 from 2028). For some people but not many, you may ...

> 2y5m

Pensions

What is an Executive Pension Plan EPP?

What is an Executive Pension Plan EPP?

There is a clue in the title if you have an executive pension plan (EPP). EPPs are investment linked (money purchase) pensions schemes that were designed for senior employees, ...

> 2y6m

Pensions

Did You Take Lower Tax Free Cash for a Bigger Pension Income Annuity?

Did You Take Lower Tax Free Cash for a Bigger Pension Income Annuity?

Many people may have taken zero or even lower tax-free cash lump sums to secure a bigger pension income annuity at retirement. This may have been: From company defined benefit ...

> 2y7m

Pensions

Old Style S226 and S620 Retirement Annuity Contracts

Old Style S226 and S620 Retirement Annuity Contracts

Back in the 50s and 60s it was common for employees of medium and larger companies to join their company pension plan but for those working for small businesses ...

> 2y6m

Pensions

6 Reasons to Pay into Pensions Before 6 April 2024

6 Reasons to Pay into Pensions Before 6 April 2024

With the abolition of the Lifetime Allowance LTA (£1,073,100) i.e., the maximum you can build up in pensions funds during your lifetime being abolished from 6 April 2024 (tax ...

> 2y7m

Pensions

1. Small Pension Cash In Rules Money Purchase

1. Small Pension Cash In Rules Money Purchase

Many people have small pension pots from current of previous private savings or workplace pension schemes. There are rules that allow people to cash in their small investment linked, ...

> 2y10m

Pensions

Introduction to Workplace Pensions and Auto Enrolment

Introduction to Workplace Pensions and Auto Enrolment

Automatic enrolment of employees in workplace pensions started in 2012 for larger employers and then gradually phased in for medium sized and then smaller sized employers by 2017. What is ...

> 2y11m

Pensions

Defined Benefit Pension How to Work Out Annual Allowance

Defined Benefit Pension How to Work Out Annual Allowance

How to work out the annual allowance used for a defined benefit pension scheme. Example 1: 1/60th Scheme (includes lump sum), Salary £50,000paLast Year: 10 years in Scheme10/60ths X £50,000 ...

> 8y4m

Pensions

2. Triviality Commutation Cash In Rules for Defined Benefit Pension

2. Triviality Commutation Cash In Rules for Defined Benefit Pension

Many people have small, guaranteed income pensions from defined benefit or salary related pensions schemes. There are rules that allow people to commute i.e., convert to cash in their ...

> 2y10m

Pensions

Introduction to Releasing Cash from Pensions

Introduction to Releasing Cash from Pensions

The minimum age you can access your pension fund to release cash or income is currently age 55. This increases to age 57 from April 2028. You cannot access your ...

> 2y10m

Pensions

Introduction to Pension Sharing on Divorce

Introduction to Pension Sharing on Divorce

History of Pension Sharing on Divorce Before 1996 the only real option for divorcing parties was covered by the Matrimonial Causes Act (1973) where English and Welsh courts were given ...

> 2y10m

Pensions

Introduction to Pension Tax Relief

Introduction to Pension Tax Relief

Many people may be aware that when you and your employer pay into a pension scheme, you get tax relief on the contributions made. The way tax relief is ...

> 2y11m

Pensions

Introduction and History of Pension Lifetime Allowance

Introduction and History of Pension Lifetime Allowance

The Lifetime Allowance (LTA) is the maximum amount that you can build up in all your combined pension funds during your lifetime. This is all pension schemes in your ...

> 2y11m

Pensions

Introduction and History of Pensions Annual Allowance

Introduction and History of Pensions Annual Allowance

Pensions Simplification started in 2006 and it was supposed to simplify pensions overall but as ever, HMRC and Governments ever complicate things to bring in more stealth taxes. Under pensions ...

> 2y11m

Pensions

Introduction to Carry Forward of Unused Pension Tax Relief

Introduction to Carry Forward of Unused Pension Tax Relief

Pension Annual Allowance The maximum amount you and your employer can pay into all your combined pension schemes each year is call the Annual Allowance. This is the maximum value ...

> 2y11m

Pensions

Should I Consolidate My Pensions?

Should I Consolidate My Pensions?

The average person in the UK will change jobs every 7 years. This may mean through you working lifetime that you build up 5-7 different pension schemes via different ...

> 2y10m

Pensions

Easy Move to Get A Bigger Pension Fund

Easy Move to Get A Bigger Pension Fund

Financial Advice is riddled with different adviser fees charging structures. The majority of financial advisers offer an initial fee charge usually of say 2-3% pa of the fund value ...

> 3y

Pensions

How Much Should I Save in a Pension?

How Much Should I Save in a Pension?

We are often asked about how much you need to build up in a pension fund or how much you need to save for retirement. Firstly, the simple answer is ...

> 3y

Pensions

What is an Annuity? Annuities Explained

What is an Annuity? Annuities Explained

To explain what an annuity is, the clue is in the title ‘Annuity’ i.e., annual, or yearly. An annuity in an annual payment amount of income (paid monthly or ...

> 3y

Pensions

What is an Enhanced Annuity? How Do I Get One?

What is an Enhanced Annuity? How Do I Get One?

An Enhanced Annuity is probably what you think it is, it is a higher annuity payment due to ill health, being a smoker or having a shorter life expectancy ...

> 3y

Pensions

History and Introduction to Pension Drawdown

History and Introduction to Pension Drawdown

Before 1995, those people who had defined contribution pensions such company money purchase pension schemes, personal pensions and self invested personal pensions could only take a tax free lump ...

> 3y

Pensions

Ability To Backdate State Pension Top Ups to 2006 Ceases

Ability To Backdate State Pension Top Ups to 2006 Ceases

Our orginal video states that from 6th April 2023, you would only be able pay voluntary contributions for gaps in your national insurance record going back up to 6 ...

> 3y3m

Pensions

Bankruptcy Involving Fraud and Pension Protection

Bankruptcy Involving Fraud and Pension Protection

Many people may not be aware but your ‘untouched’ pension funds are usually protected from your creditors if you get into financial difficulty or face bankruptcy. This may not ...

> 3y3m

Pensions

New Pensions Terminology To Learn LSA and LS&DBA

New Pensions Terminology To Learn LSA and LS&DBA

HMRC has issued it draft policy paper on the abolition of the lifetime allowance (LTA) and rules for 2024/25 onwards. The draft sets out the tax treatment of pension ...

> 3y2m

Pensions

Personal Pension Plans Explained

Personal Pension Plans Explained

Personal Pension Plans were introduced on 1 July 1988. Who can have a personal pension plan? A UK employer paying contributions for an employee. A UK Relevant Individual and receive tax ...

> 3y4m

Pensions

Self Invested Personal Pension (SIPP) Explained

Self Invested Personal Pension (SIPP) Explained

Personal Pension Plan (PPP) A PPP can invest in stocks, shares, bonds, gilts, commercial property, cash in the UK and overseas. It is usual when people have a PPP that ...

> 3y4m

Pensions

Lifetime Allowance Removal 1. Effective Date and Impact

Lifetime Allowance Removal 1. Effective Date and Impact

Following discussions with a number of clients on the impact of the removal of the lifetime allowance (LTA) and freezing of the maximum tax-free cash lump sum at £268,275, ...

> 3y5m

Pensions

Recover Tapered Annual Allowance Reduction on Pensions

Recover Tapered Annual Allowance Reduction on Pensions

For most people, the maximum amount both you and your employer can pay into pensions (Annual Allowance) is the lower of Your earnings. £40,000 pa (increases to £60,000 pa from 6th ...

> 3y6m

Pensions

Lose Enhanced Protection With Lifetime Allowance Scrapped?

Lose Enhanced Protection With Lifetime Allowance Scrapped?

This may not affect many people but there will be clients and guests alike that watch this video that may be affected if they make the wrong move and ...

> 3y6m

Pensions

Inheriting UK State Pension on Death

Inheriting UK State Pension on Death

UK State Pensions changed in April 2016 to fanfare and ‘self patting’ on the backs by the government. Before 6th April 2016 - Basic State Pension (BSP) and State Second ...

> 3y7m

Pensions

Personal v Workplace Pension Lump Sum Contributions

Personal v Workplace Pension Lump Sum Contributions

Private or Personal Pension Lump Sums When you contribute to a private pension scheme, you usually pay a net contribution, and the pension provider will make up the 20% basic ...

> 3y6m

Pensions

10 Tips To DIY Review Your Own Pension Scheme

10 Tips To DIY Review Your Own Pension Scheme

If you had a car worth £20,000 on your drive, you would polish it every week, take it for an annual service, put water, petrol, oil in and check ...

> 3y7m

Pensions

Earn Over £100K or £125K? Salary Sacrifice Even More Urgent After Budget 2022

Earn Over £100K or £125K? Salary Sacrifice Even More Urgent After Budget 2022

The Autumn Statement (Budget) 2022 has now made it even more important for those earning over £100,000 and in particular, those earning over £125,140 to plan. Earn Over £100,000 For every ...

> 3y10m

Pensions

Insolvent Pension Scheme Sharing on Divorce

Insolvent Pension Scheme Sharing on Divorce

Pension Sharing on divorce was introduced in December 2000 by Welfare Reform and Pensions Act 1999 thereby replacing Pension Earmarking. Pension Sharing Order In simple terms, if a pension fund is ...

> 3y11m

Pensions

Employer Folds: Defined Contribution Pension Scheme

Employer Folds: Defined Contribution Pension Scheme

There are many businesses that are struggling with increased costs of materials, goods, services, wage demands and inflation in general. During the coming recession, many businesses will fail. We are ...

> 4y1m

Pensions

Employer Folds: Defined Benefit Pension Schemes

Employer Folds: Defined Benefit Pension Schemes

There are many businesses that are struggling with increased costs of materials, goods, services, wage demands and inflation in general. During the coming recession, many businesses will fail. We are ...

> 4y

Pensions

Employer Folds: Defined Benefit Pension in Deficit

Employer Folds: Defined Benefit Pension in Deficit

There are many businesses that are struggling with increased costs of materials, goods, services, wage demands and inflation in general. During the coming recession, many businesses will fail. We are ...

> 4y

Pensions

UK State Pension Shortfall Top Up Deadline

UK State Pension Shortfall Top Up Deadline

To be entitled to a full UK state pension you must have 35 years national insurance credits either by PAYE employee deductions, self-employed Class 2 contributions, other benefit related ...

> 4y1m

Pensions

Compulsory Workplace Pensions for Self Employed

Compulsory Workplace Pensions for Self Employed

A new All Party Parliamentary Group (APGG) published a report of ‘Financial Resilience’ has found that a quarter (24%) of working age adults (18-64 years old) did not save ...

> 4y2m

Pensions

What Are 'In-specie' Pension Contributions?

What Are 'In-specie' Pension Contributions?

An ‘in-specie’ pension contribution is when an asset such as commercial property or shares owned by you or your employer are ‘transferred’ directly into the ownership of your pension ...

> 4y2m

Pensions

Paying the Tax Charge When You Exceed the Pension Annual Allowance

Paying the Tax Charge When You Exceed the Pension Annual Allowance

The Pensions Annual Allowance The maximum you and your employer can currently pay into a pension scheme (or the equivalent accrual i.e., increased yearly pension income entitlement for a defined ...

> 4y3m

Pensions

Warning Perfect Storm for Lifestyle Funds

Warning Perfect Storm for Lifestyle Funds

In a recent ‘Traffic Light Alert’, we explained why equities rise when bonds are falling and what had happened to the Nikkei Dow in Japan as stock markets rose. To ...

> 4y6m

Pensions

3. Triviality Commutation Cash In Rules for Pension Winding Up

3. Triviality Commutation Cash In Rules for Pension Winding Up

We have already covered triviality commutation for cashing in small defined benefit pension schemes. Watch: BTN_GREEN_VIDEO:50 What if your old company pension scheme is being closed down or wound up? What ...

> 4y7m

Pensions

4. Triviality Commutation Cash In Rules Death Survivor Benefits

4. Triviality Commutation Cash In Rules Death Survivor Benefits

We have already covered triviality commutation for cashing in small pensions pots (private pensions and money purchase), defined benefit pension schemes and triviality on winding up/closing down occupational pension ...

> 4y7m

Pensions

What Can I Do With My Small Pension Pot

What Can I Do With My Small Pension Pot

We take a look at you can do and what your options under trivial commutation and small pension pots rules as well as topping up small pensions pots....

> 8y2m

Pensions

Break-Even Point When Defer your State Pension

Break-Even Point When Defer your State Pension

You achieve a full UK state pension after accumulating 35 years social security credits. The full state pension is currently £179.60 per week or £9,371.27 per year. This will ...

> 4y7m

Pensions

Default Pension Funds for Non Advised Clients

Default Pension Funds for Non Advised Clients

The Financial Conduct Authority (FCA) has today issued a consultation paper requiring pension companies to offer investors default pension fund choices if they are not taking advice on their ...

> 4y10m

Pensions

Normal Minimum Pension Age 55 to 57 Transfers Now Blocked

Normal Minimum Pension Age 55 to 57 Transfers Now Blocked

Many will be aware that the Normal Minimum Pension Age (NMPA) of age 55 is being increased to age 57 in April 2028. This reflects that State Pension Age ...

> 4y11m

Pensions

AVCs to Workplace Pension or Private Pension?

AVCs to Workplace Pension or Private Pension?

Net Pay Workplace Pension Many workplace pensions are set up on a ‘Net Pay Arrangement’ basis. This means that your own regular pension contributions are deducted from your pension before ...

> 4y11m

Pensions

How Much Money Do I Need to Retire?

How Much Money Do I Need to Retire?

How much money do I need to retire is a question that we are asked regularly. How Much Do I Spend? The starting point is to work out how much money ...

> 5y1m

Pensions

134,000 Basic State Pension £1bn Payments Shortfall Scandal

134,000 Basic State Pension £1bn Payments Shortfall Scandal

The National Audit Office (NAO) has completed its review of Department for Work and Pensions (DWP) errors in the old ‘Basic’ State Pension payments, with findings that around 134,000 ...

> 5y

Pensions

Enhanced Annuity Digital Comparisons

Enhanced Annuity Digital Comparisons

The pension annuity market has made huge improvements over the last 20 years or so. Originally, it was the typical, conventional annuity for non-smokers and then an enhanced annuity for ...

> 5y3m

Pensions

Backdating Lifetime Allowance Fixed Protection

Backdating Lifetime Allowance Fixed Protection

The Lifetime Allowance (LTA) is the maximum that you can build up in pension funds throughout your lifetime. This was originally set in 2006 at £1.8m. It was reduced ...

> 5y4m

Pensions

Government Rejects Pension Tax Relief Changes Again

Government Rejects Pension Tax Relief Changes Again

The Treasury Select Committee issued its report to the Government in March 2021 called “Tax After Coronavirus”. As part of the report, it included proposals for changes to pension ...

> 5y3m

Pensions

State Pension Credits for Non Workers

State Pension Credits for Non Workers

To qualify for a State Pension in the UK, you must have a national insurance contributions record with at least 10 years credits. To qualify for a full State Pension, ...

> 5y5m

Pensions

Lump Sum from Workplace Pension But Remain Employed

Lump Sum from Workplace Pension But Remain Employed

What happens when an employee reaches age 55 or older and wants to take part or all of their workplace pension tax free lump sum and/or the taxable pension ...

> 5y5m

Pensions

What Are Investment Pathway Funds?

What Are Investment Pathway Funds?

The Financial Conduct Authority has imposed new rules on pension companies and pension providers from 1 February 2021. Pension providers must take additional action with: clients that are setting up new ...

> 5y7m

Pensions

Pension Early Retirement Age Change Reminder

Pension Early Retirement Age Change Reminder

Many will already be aware that the State Pension Age is due to increase as follows: Between October 2018 and October 2020, both men and women's State Pension Age increased ...

> 5y6m

Pensions

Active v Passives in Flexible Drawdown

Active v Passives in Flexible Drawdown

The debate here is about whether to use passive, index tracker funds with lower charges v or proactive, actively managed funds when your pension is in flexible drawdown. Passive Funds Low ...

> 5y7m

Pensions

Why Hold Cash In Funds Despite Zero Interest?

Why Hold Cash In Funds Despite Zero Interest?

Given that interest rates are virtually zero and likely to go negative in the next 6 months, as warned by the Bank of England, many people ask us why ...

> 5y7m

Pensions

Sustainable Flexible Drawdown Income Amounts

Sustainable Flexible Drawdown Income Amounts

Research by the FCA has found that 40% of people with flexible drawdown pension plans are withdrawing 8% or more of their pension pots each year. This is unsustainable. ...

> 5y8m

Pensions

Commutation Factor Pension Income and Lump Sums

Commutation Factor Pension Income and Lump Sums

This is the conversion rate that company defined benefit and salary related pensions schemes might offer you when choosing your retirement options between pension income and lump sums. Usually ...

> 5y11m

Pensions

Married Woman Rate Basic State Pension and Divorce

Married Woman Rate Basic State Pension and Divorce

Firstly, we are talking about the old style Basic State Pension (before April 2016) and not the New State Pension (after April 2016). Some divorced women being paid a basic ...

> 5y11m

Pensions

Money Purchase Annual Allowance and Small Pension Lump Sums

Money Purchase Annual Allowance and Small Pension Lump Sums

Pension Annual Allowance The pensions annual allowance is the maximum amount that both you and your employer can pay into a pension fund each year. This is capped at £40,000 ...

> 5y11m

Pensions

State Pension Triple Lock v Retail Prices Index

State Pension Triple Lock v Retail Prices Index

State pension increases moved from the headline retail prices index (RPI) to the Triple Lock of the higher of the consumer prices index (CPI), average wages inflation and 2.5%pa ...

> 6y

Pensions

Personal Tax Account for State Pension Forecast

Personal Tax Account for State Pension Forecast

Register for your personal tax account at: https://www.gov.uk/personal-tax-account Once registered and logged in, you can view PAYE, self assessment, national insurance contributions records, benefits, child benefit and state pension forecasts. It ...

> 6y

Pensions

4000 Money Purchase Annual Allowance

4000 Money Purchase Annual Allowance

The £4000 Money Purchase Annual Allowance that was withdrawn from the Finance Act 2017 will be reinstated in the Finance Act (No.2) 2017 in the Autumn 2017 and backdated ...

> 9y1m

Pensions

Early Retirement Age Increase from 55 to 57

Early Retirement Age Increase from 55 to 57

The government has confirmed that the earliest age you will be able to draw pension benefits is to be increased from age 55 to age 57. Government has also ...

> 6y1m

Pensions

Carry Forward Pension Payments Can Only Pay In What You Earn

Carry Forward Pension Payments Can Only Pay In What You Earn

If you earn £zero, the maximum you and your employer can pay into a pension scheme is £3,600 pa gross (including tax relief). However, if you have salary then ...

> 6y1m

Pensions

Why is Flexible Drawdown Retirement Age Set to Age 75

Why is Flexible Drawdown Retirement Age Set to Age 75

Many people ask us why is the flexible drawdown retirement age set to age 75? Under old pension scheme rules there was a requirement to do something with your pension ...

> 6y1m

Pensions

Full Pension v Reduced Pension and Tax Free Cash

Full Pension v Reduced Pension and Tax Free Cash

Should I take all pension income or should I take reduced pension income and tax free cash lump sums? To establish a net return that you would need to achieve ...

> 6y1m

Pensions

Unauthorised Pension Payment Charge Rates

Unauthorised Pension Payment Charge Rates

What are authorised payments? Member lump sum and income payments Member death benefits paid to beneficiaries Advice and administration cost payments Transfer payments to other approved pension schemes in UK and Overseas Pension sharing ...

> 6y2m

Pensions

Budget 2020 Tapered Pension Annual Allowance

Budget 2020 Tapered Pension Annual Allowance

The limits for threshold income amd adjusted income have been increased to ensure less highers earners including medical staff get caught with tax penalties on tapered pensions annual allowance ...

> 6y6m

Pensions

Individual Protection 2016 Lifetime Allowance Deadline April 20

Individual Protection 2016 Lifetime Allowance Deadline April 20

Individual Protection 2016 Lifetime Allowance Deadline 05/04/2020: 2016 Fixed and Individual Protection April 2016 – the Lifetime Allowance (LTA) was reduced from £1.25m to £1m. You could apply for Fixed Protection 2016 ...

> 6y6m

Pensions

Our Solution to Lifetime Allowance Annual Allowance Problem

Our Solution to Lifetime Allowance Annual Allowance Problem

Why we hate the Annual Allowance and Lifetime Allowance .... The annual allowance can penalise members of defined benefits schemes who have modest increases to pension entitlement in a single ...

> 6y7m

Pensions

Can I Pay Into Pension After Age 75

Can I Pay Into Pension After Age 75

You are allowed to pay into a pension fund after the age of 75 but you will not receive tax relief on the contributions that you make. If you are ...

> 6y8m

Pensions

Check Old Company Pensions Allow Switches

Check Old Company Pensions Allow Switches

It is not usual but we have recently come across a client with an old company money purchase or investment linked pension scheme that does not allow fund switches ...

> 6y8m

Pensions

Cash Flow Modelling for Retirement

Cash Flow Modelling for Retirement

Start by mapping out minimum 'subsistence' living expenses and 'leisure' expenses – from today, every year and into later life. e.g. you may wish to spend more in early retirement ...

> 6y9m

Pensions

Money Purchase Annual Allowance and Defined Benefit Pensions

Money Purchase Annual Allowance and Defined Benefit Pensions

Does the Money Purchase Annual Allowance affect Defined Benefit Pension Schemes? Annual Allowance: You and your employer comboned can pay up to £40,000 a year (or 100% of your salary) ...

> 6y11m

Pensions

Calculate Enhanced Lifetime Allowance if Worked Overseas

Calculate Enhanced Lifetime Allowance if Worked Overseas

Calculation of International Enhanced Lifetime Allowance for Defined Contribution Pension Schemes and Defined Benefit Schemes. Calculation of International Enhanced Lifetime Allowance for Defined Contribution Pension Schemes: Establish the total amount of ...

> 6y11m

Pensions

Accept Defined Benefit Safeguarded Rights Pension Transfers

Accept Defined Benefit Safeguarded Rights Pension Transfers

In April 2019, we suspended accepting Defined Benefit and Safeguarded Rights pension transfers as the Financial Ombudsman Serice maximum (non- contestable) compensation limited was increased from £150,000 to £350,000. Many ...

> 7y

Pensions

Pension Scheme Does Not Offer Flexible Drawdown

Pension Scheme Does Not Offer Flexible Drawdown

What if your pension scheme does not offer flexible pension drawdown i.e. it only offers lump sum and annuity? What if the scheme does not want to change its scheme ...

> 7y1m

Pensions

Can My Pension Be Transferred To Another Person

Can My Pension Be Transferred To Another Person

A question often asked is whether you can put your pension in someone else’s name. The answer is no, this can only usually been done on death or divorce. Your ...

> 7y2m

Pensions

Ages You Should Get Pre Retirement Advice

Ages You Should Get Pre Retirement Advice

There are 3 key stages when you should take retirement planning advice: Early Twenties: To establish good habits for regular saving in pensions as well as maximising tax relief ...

> 7y2m

Pensions

Pension Wake Up Pack

Pension Wake Up Pack

You will receive a Pension Wake Up Pack when you are close to your retirement age usually issued 4-10 weeks before retirement date. It will: Explain your retirement options. Explain what an ...

> 7y2m

Pensions

Are Dividends the New Annuity When Retiring

Are Dividends the New Annuity When Retiring

At retirement you usually have a choice to buy a secure, guaranteed income for life (an annuity) or use flexible drawdown pension where your pot remains invested in a ...

> 7y3m

Pensions

Maximum Tax Efficient Drawdown Sum 2019

Maximum Tax Efficient Drawdown Sum 2019

Maximum Tax Efficient Drawdown Sum 2019 -Tax Year 2019 (06/04/2019 - 05/04/2020) Personal allowance = £12,500 Basic rate band = £37,500 Income: £50,000 before Higher Rate Tax Starts *(Not In Scotland) What to ...

> 7y5m

Pensions

Can I Still Have Tax Free Cash After Age 75

Can I Still Have Tax Free Cash After Age 75

Can I still take tax free cash after age 75? Talk to different organisations and you get different answers. The definitive answer: HMRC Tax Law = Yes, whether before or after ...

> 7y6m

Pensions

GMP Equalisation of Company Pension Schemes

GMP Equalisation of Company Pension Schemes

GMP Equalisation of Company Pension Schemes and High Court ruling impact in November 2018. Barber v GRE (1990) - the equalisation of pension rights and pension ages was a gradual ...

> 7y7m

Pensions

Pros and Cons of Lifestyle Automated Switching of Pension Funds

Pros and Cons of Lifestyle Automated Switching of Pension Funds

We explain the pros and cons of Lifestyle Automated Switching of pension funds....

> 7y8m

Pensions

State Pension Age Changes Explained

State Pension Age Changes Explained

The state pension age for men (65) and women (60 increased to 65) is now increasing again to 66 then 67 and 68. We explain when and how state ...

> 7y8m

Pensions

Pension Decumulation Planning

Pension Decumulation Planning

Pension Decumulation Planning we liken to flying: Take Off: Starting out Ascent: climbing and planning to get to a destination Glidepath: on target to reach target and then descent into retirement Landed: at ...

> 7y9m

Pensions

Reclaim Overpaid Tax On Pension Drawdown

Reclaim Overpaid Tax On Pension Drawdown

What HMRC forms do you need to complete to reclaim income tax withheld by your pension company when you use flexible pension drawdown? P50z - if you have a drawdown ...

> 7y9m

Pensions

Pension or Salary if over Pensions Annual Allowance

Pension or Salary if over Pensions Annual Allowance

Some basic calculations to help you decide whether you should take pay, salary, bonus or continue with pension contributions if you are over Pensions Annual Allowance....

> 7y10m

Pensions

We Are Not Saving Enough

We Are Not Saving Enough

Video explores the priority or lack of priority we give to saving regularly in pensions and investments. We are simply not saving enough and we need to save more ...

> 7y10m

Pensions

Pension Advice With Tax Relief using Pension Advice Allowance

Pension Advice With Tax Relief using Pension Advice Allowance

The Pension Advice Allowance allows you to withdraw up to £500 tax free from your investment linked pension on 3 occasions for wider planning pre-retirement planning such as early ...

> 8y

Pensions

Taking Pension Early Age 55 Changing to Age 57

Taking Pension Early Age 55 Changing to Age 57

The ability to take pensions from age 55 is increasing to age 57 in 2028. 10 years may seem a long time away but if you are in your ...

> 8y2m

Pensions

Flexible Drawdown You Also Need Lasting Powers of Attorney

Flexible Drawdown You Also Need Lasting Powers of Attorney

Research published by Zurich Ins. suggests that 4 out of 5, that's over 350,000 flexible drawdown users have done Lasting Powers of Attorney meaning that if you lose physical ...

> 8y4m

Pensions

Higher Tax Free Cash Protection on Transfer

Higher Tax Free Cash Protection on Transfer

Video explores the position when you have a higher tax free cash entitlement than 25% from a pension fund and what you can do to protect it when you ...

> 8y5m

Pensions

Paying In Too Much and Exceeding Pension Annual Allowance

Paying In Too Much and Exceeding Pension Annual Allowance

What happens if you pay too much into pensions, exceed your annual allowance and receiving tax relief that you are not entitled too?...

> 8y6m

Pensions

Tax Free Cash Pension Fund Recycling

Tax Free Cash Pension Fund Recycling

What is pension fund recycling? Did you know there are rules that apply when you take out pension tax free lump sums and taxable lump sums and then pay ...

> 8y7m

Pensions

Workplace Pension Payments Increase 2018

Workplace Pension Payments Increase 2018

Employer and Employee minimum contributions to workplace pensions increase in April 2018 and again in April 2019. Watch the video to learn about the changes....

> 8y8m

Pensions

Pension Deficits versus Company Profits and Dividends

Pension Deficits versus Company Profits and Dividends

Do you think legislation should be considered where companies have significant pension scheme deficits and yet they still post large profits and declare dividends?...

> 8y8m

Pensions

Do Not Cancel Your Pension Payments

Do Not Cancel Your Pension Payments

Are you thinking of cancelling your pension payments? Stop, think and watch the video before doing so....

> 8y9m

Pensions

Pension Transfer or Consolidation Review

Pension Transfer or Consolidation Review

We explain why you should always have a pension and investment review before making any decision to transfer or consolidate pensions, ISAs or investments. If your adviser is simply ...

> 8y10m

Pensions

Pension Savings Target

Pension Savings Target

The Pensions and Lifestime Savings Association (PLSA) has suggested that we all need easily understandable and simple pension targets such as 'minimum' (£10,000 pa pension to cover basic living ...

> 8y11m

Pensions

Capped Drawdown Convert to Flexible Drawdown

Capped Drawdown Convert to Flexible Drawdown

If you have older style 'capped' drawdown pensions e.g. you released the lump sum only before April 2015. If you want to withdraw further sums, you may be 'capped' ...

> 9y1m

Pensions

Pension Cash In Affects Means Tested Benefits

Pension Cash In Affects Means Tested Benefits

Will I lose my benefits if I cash in my pension? If you are on means tested benefits such as Employment Support Allowance, Job Seekers Allowance, Housing Benefit abd ...

> 9y1m

Pensions

Transfer Public Sector Pension

Transfer Public Sector Pension

Public Sector Pension transfer rules changed in April 2015. When can you transfer and when you cannot transfer to another pension scheme....

> 9y2m

Pensions

Do Not Forget Pension Annuities At Retirement

Do Not Forget Pension Annuities At Retirement

Given that flexible drawdown pension is now a prime favourite at retirement but the value of your funds can fall as well as rise in value, it is still ...

> 9y2m

Pensions

Safeguarded Rights Pension Transfer

Safeguarded Rights Pension Transfer

Safeguarded rights are rights within a pension with some element of guarantee not related to the money purchase (investment linked) pension value. Guaranteed Minimum Pension (GMP) from contracting out ...

> 9y4m

Pensions

Review Capped Drawdown Now

Review Capped Drawdown Now

Did you release a lump sum from your pension a few years ago? Have you got old style capped drawdown? Maximum annuity rates to restrict your income are falling. ...

> 9y4m

Pensions

Losing Pension Income Increases

Losing Pension Income Increases

Will you lose your guaranteed pension rights? The Contracting-out (Transfer and Transfer Payment) (Amendment) Regulations 2017 start in July. They will give the power to defined benefit pension schemes that ...

> 9y4m

Pensions

Will Your Pension Income Be Capped

Will Your Pension Income Be Capped

Have you released the tax free lump sum only from your pension plan? Did you start capped income drawdown a few years ago? If so, in both cases you ...

> 9y4m

Pensions

Avoid High Tax Flexible Drawdown

Avoid High Tax Flexible Drawdown

How can some people avoid the high 'emergency tax' applied to pension flexible drawdown payments with the use of Small Pots rules....

> 9y5m

Pensions

Pension Advice Allowance

Pension Advice Allowance

The Pension Advice Allowance where you can withdraw up to £500 from a defined contribution pension tax free to be used taking advice from a regulated financial adviser can ...

> 9y5m

Pensions

Individual Protection v Fixed Protection 2016

Individual Protection v Fixed Protection 2016

Video Lifetime Allowance and the difference Individual Protection 2016 and Fixed Protection 2016. What should you apply for?...

> 9y5m

Pensions

Switch to Flexible Drawdown

Switch to Flexible Drawdown

Some pension companies will allow you to switch to a flexible drawdown pension scheme internally without advice others require you to take full pension advice....

> 9y6m

Pensions

Grandparent Child Care State Pension Credit

Grandparent Child Care State Pension Credit

1 in 4 families get help from relatives for child care. Grandparent, uncle, aunt or other relative given up work to take care of a relatives children? Eligibility for ...

> 9y8m

Pensions

Pension Divorce Lifetime Allowance

Pension Divorce Lifetime Allowance

Pension sharing on divorce and it affect on the Lifetime Allowance (LTA) including primary and enhanced protection, fixed protection and individual protection....

> 9y9m

Pensions

Benefit Crystallisation Event

Benefit Crystallisation Event

There are a number of Benefit Crystallisation Events (BCE) when you technically "cash in" some or all of your pension or reach a certain age or die that mean ...

> 9y9m

Pensions

Married Couple State Pension Top Up

Married Couple State Pension Top Up

Married Couples Addition or dependency addition for state pension. Married couples and civil partners who both reach state pension age before April 2016 were allowed state pension top-ups if ...

> 9y10m

Pensions

Pension Administrators Charging Fees

Pension Administrators Charging Fees

Some pension administrators are charging fees to supply information about pensions scheme that they run for companies to employees and advisers. Are they not already paid by the employer ...

> 9y11m

Pensions

Inheritance Tax Pension Transfer 2 Rule

Inheritance Tax Pension Transfer 2 Rule

Video looks at the risk of inheritance tax payable on a pension transfer if you die within 2 years. HMRC is tightening up on premature death following a transfer ...

> 10y

Pensions

Tax Charge When Exceed Lifetime Allowance

Tax Charge When Exceed Lifetime Allowance

Video explains how tax charges work when you exceed the pension lifetime allowance LTA, for both company pension schemes and private pensions....

> 10y

Pensions

Brexit Annuity Rates Effect

Brexit Annuity Rates Effect

Video explores how and when the Brexit vote could affect annuity rates if gilt yields rise if it becomes more costly for the UK government to borrow money. Will ...

> 10y3m

Pensions

Cannot Find Executive Pension Trustees

Cannot Find Executive Pension Trustees

Video explains what happens if you cannot trace or find the trustees of your executive pension plan (EPP)....

> 10y3m

Pensions

Income Security Annuity Drawdown Balance

Income Security Annuity Drawdown Balance

Video explores what balance to find with annuity income and drawdown when planning your retirement....

> 10y4m

Pensions

Is My Pension Expensive

Is My Pension Expensive

Video explains what to ask and what to look our for with pension charges to learn whether you are paying excessive charges....

> 10y4m

Pensions

When To Avoid Getting Promoted

When To Avoid Getting Promoted

Video looks at potential tax perils of getting promoted, should you take that promotion? How much will it cost you? Is promotion worth it?...

> 10y4m

Advice Tips

Armed Forces Personnel Spouse State Pension

Armed Forces Personnel Spouse State Pension

Video looks at the new arrangements for a spouse or civil partner of armed forces personnel receiving state pension credits when posted overseas backdated to 1975....

> 10y5m

Pensions

Pension Scheme Pays Annual Allowance Tax Charge

Pension Scheme Pays Annual Allowance Tax Charge

Video looks at how a pension scheme is allowed to pay an annual allowance tax charge under 'scheme pays' rules....

> 10y5m

Pensions

Pension Can Have A Mortgage to Buy Property

Pension Can Have A Mortgage to Buy Property

Video: Did you know your pension fund can have a mortgage in its own name to buy commercial property?...

> 10y6m

Property

Lose Benefits Pension Credit if Cash Pension

Lose Benefits Pension Credit if Cash Pension

Video explores how drawing pension in either annuity, lump sum or drawdown will reduce benefits and if you do not take your pension you may have benefits reduced with ...

> 10y6m

Pensions

Employer Pension Payment Over Lifetime Allowance

Employer Pension Payment Over Lifetime Allowance

Video explores the benefits of pension payments by employer over the Lifetime Allowance even with penalties and tax charges....

> 10y6m

Pensions

Lose Fixed Protection with Auto Enrolment

Lose Fixed Protection with Auto Enrolment

Video looks at the risk of losing fixed protection on the lifetime allowance with automatic enrolment in workplace pensions....

> 10y6m

Pensions

Pension Contributions When Annual Allowance Capped

Pension Contributions When Annual Allowance Capped

Apart from the usual tax charge here's an alternative way to pay pension contributions when your annual allowance has been capped or tapered....

> 10y6m

Pensions

How Do I Check My Investment Fund Make Up

How Do I Check My Investment Fund Make Up

Video shows you how to quickly find out what your pension or investment fund is actually invested and whether you have too much stock market risk without even knowing....

> 10y6m

Investment

Manage My Own Investment Fund Switches

Manage My Own Investment Fund Switches

Many investors want to manage their own pension and investment fund switches rather than pay an adviser a fee to do the same. The usual routes for online management ...

> 10y6m

Pensions

Adjusted Income and Threshold Income

Adjusted Income and Threshold Income

Don't get tax smashed for paying too much in pensions. Video explores the Threshold Income test and Adjusted Income calculations for tapering pension annual allowance for higher earners start ...

> 10y7m

Pensions

Fixed Protection 2016 Individual Protection 2016

Fixed Protection 2016 Individual Protection 2016

Video explores using either fixed protection or individual protection for lifetime allowance cuts in April 2016. Do you have large pension funds or will yours grow to or above ...

> 10y7m

Pensions

Financial Advice Confirmation Letter

Financial Advice Confirmation Letter

Are you trying to transfer your pension to flexible but the pension company wants a Financial Advice Confirmation Letter? What are the costs? Why will a financial adviser not ...

> 10y7m

Pensions

Will Pension Lifetime Allowance Increase or Disappear

Will Pension Lifetime Allowance Increase or Disappear

Video explores speculation that the Pension Lifetime Allowance will Increase or could Disappear in Budget 2016 as part of pension tax relief changes and simplification....

> 10y7m

Pensions

Earmarking Order Flexible Pension Drawdown Problem

Earmarking Order Flexible Pension Drawdown Problem

Video - if you are divorced and have a pension earmarking order in place, you need to check if the new flexible pension drawdown rules may put you at risk....

> 10y7m

Pensions

Lifestyle Pension Fund Pros and Cons

Lifestyle Pension Fund Pros and Cons

Video - many pension schemes have a default 'automatic' switching lifestyle fund, where your pension is automatically move to lower risk at given ages or dates. This can be ...

> 10y7m

Pensions

Flat Rate Pension Tax Relief Forecast

Flat Rate Pension Tax Relief Forecast

In this video, we give a forecast as to the anticipated Flat Rate Pension Tax Relief that may be announced in the March 2016 Budget....

> 10y8m

Pensions

Pension Payment Before Budget 2016

Pension Payment Before Budget 2016

Videos explores the risks of delaying any pension contribution until after the budget 2016 for higher rate taxpayers. Should pay into pension before the Budget?...

> 10y8m

Pensions

Calculate How Much To Drawdown From Pension

Calculate How Much To Drawdown From Pension

Video shows you how to work out the how much to drawdown gross from your pension for a net amount of funds to be paid....

> 10y9m

Pensions

Hybrid Retirement Annuity Drawdown Pension

Hybrid Retirement Annuity Drawdown Pension

Video explores the development of a hybrid pension scheme that offers the security of guaranteed annuity income with an element of flexibility using part of the pension for flexible drawdown....

> 10y10m

Pensions

Cons of Flexible Pension Drawdown

Cons of Flexible Pension Drawdown

When should you not do Flexible Pension Drawdown. Videos offers some guidance on the risks, cons and flaws in flexible access drawdown....

> 10y11m

Pensions

Auto Enrolment Advice Small Business

Auto Enrolment Advice Small Business

Video looks at our auto enrolment service for small employers. Whether to use the scheme set up by government or to use our full advice service for a wider ...

> 10y11m

Business

Flexible Drawdown v Equity Release

Flexible Drawdown v Equity Release

Video explores the concept of not spending pension or flexible drawdown money but using equity release given that tax benefits on death for Pension Drawdown....

> 10y11m

Equity Release

Lasting Power of Attorney with Pension Flexible Drawdown

Lasting Power of Attorney with Pension Flexible Drawdown

Video explores the need to have a Lasting Power of Attorney in place if you have flexible pension drawdown. If you lose capacity who will give instructions to get ...

> 10y11m

Law, Wills, Attorneys

Pension Auto Enrolment Small Employer 2015 2016

Pension Auto Enrolment Small Employer 2015 2016

Video looks auto enrolment workplace pensions for Small Employers with staging dates 2015 and 2016 which pension companies to use....

> 11y

Business

Pension Flexible Drawdown Tax Explained

Pension Flexible Drawdown Tax Explained

Video explains how large lumps drawn down from a flexible pension after the tax free lump sum are taxed whether HMRC has issued a tax code or not and ...

> 11y

Pensions

110000 Threhsold Income Pension Annual Allowance

110000 Threhsold Income Pension Annual Allowance

Video explains how to work out £110,000 threshold income for annual allowance to avoid taper reduction of annual from £40,000 even if you pay in more than £40,000 to ...

> 11y

Pensions

Reduced Tapered Pension Annual Allowance 2016

Reduced Tapered Pension Annual Allowance 2016

Video explains how the maximum amount you can save each year in a pension for high earners starts to be reduced by a tapered reduction from 2016....

> 11y

Pensions

Double Pension Annual Allowance 80000

Double Pension Annual Allowance 80000

Video explains the merger of pension input periods with tax year pension annual allowance and how you could double to £80,000 the amount that can be invested in a ...

> 11y

Pensions

Tax Relief Personal Contributions to Company Pension

Tax Relief Personal Contributions to Company Pension

Video explains how the 'net pay' arrangement works for personal contributions from pay to a company pension and how tax relief is secured....

> 11y

Tax Planning

Tax Relief on a Personal Pension

Tax Relief on a Personal Pension

Video explains the simple way that tax relief is added to personal pensions at basic rate relief and any balance for a higher rate tax payer is refunded via ...

> 11y1m

Tax Planning

Carers Credit National Insurance for State Pension

Carers Credit National Insurance for State Pension

Video explains how the Carers Credit for National Insurance when looking to protect State Pension entitlement. Are you over 16 years old yet under State Pension Age and caring ...

> 11y1m

Care

Compounding Money Effect

Compounding Money Effect

Video explores our concept of "Pay 9" - pay off your mortgage in 9 years, get the same pension in 9 years that you would get after 25 years ...

> 11y1m

Advice Tips

Phasing in Retirement

Phasing in Retirement

Many people look at staggering their retirement this is known as phasing in the financial industry. Video explains how phasing can work in a practical, tax efficient sense when ...

> 11y1m

Pensions

Target Date Fund v Lifestyle Fund

Target Date Fund v Lifestyle Fund

Video explores the use of Target Date investment funds rather than Lifestyle investment funds when pension or investment planning....

> 11y1m

Investment

Can I Buy Company Shares With Pension SIPP

Can I Buy Company Shares With Pension SIPP

Video explains the rules for how to buy private limited company shares with either a company pension scheme e.g. SSAS or a private, personal pension plan such as a SIPP....

> 11y2m

Business

Retirement Annuity v Flexible Pension Drawdown

Retirement Annuity v Flexible Pension Drawdown

Video to debates pros and cons at retirement for annuity versus flexible pension drawdown....

> 11y2m

Pensions

Pre 1988 GMP Increases Stop

Pre 1988 GMP Increases Stop

Video explores contracted out of SERPS final salary pension schemes with GMP where inflation increases when pensions are paid and funded via small State Pensions increases will stop when ...

> 11y2m

Pensions

Pension Lifetime Allowance 2016

Pension Lifetime Allowance 2016

Video explores the cut in Pension Pension Lifetime Allowance in April 2016 from £1.25 to £1m and how you can use fixed protection 2016 and individual protection 2016....

> 11y2m

Pensions

Reduced Annual Allowance High Earner

Reduced Annual Allowance High Earner

Video explores impact of Summer Budget 2015 and reducing the pensions annual allowance if you are a high earner above £150,000 taxable income....

> 11y2m

Tax Planning

SSAS Small Self Administered Scheme

SSAS Small Self Administered Scheme

Video explains the basics for a director or senior employee's self invested pension scheme called a SSAS, a Small Self Administered Scheme....

> 11y2m

Business

Company Pension Types

Company Pension Types

Video explains the basic structure of the two types of company pension: defined benefit schemes and occupational money purchase schemes....

> 11y3m

Pensions

10000 Annual Allowance Defined Benefit Scheme

10000 Annual Allowance Defined Benefit Scheme

Video explores the reduced annual pension contribution allowance of £10,000 from £40,000 when using flexible pension drawdown and its impact on defined benefit and final salary pension schemes....

> 11y3m

Pensions

Flexible SIPP Hybrid

Flexible SIPP Hybrid

Video takes a look at why you should consider a flexible self invested personal pension SIPP hybrid rather than a full service to control your charges by only paying ...

> 11y3m

Pensions

Lifetsyle Pension Fund Switching

Lifetsyle Pension Fund Switching

Video explains the principle of lifestyle funds and automatic switching of risk profile between higher risk, medium risk and lower risk funds as you get closer to your retirement ...

> 11y3m

Pensions

Additional Voluntary Contribution Scheme AVC

Additional Voluntary Contribution Scheme AVC

Video explores the basics of freestanding additional voluntary contribution schemes FSAVC and company sponsored additional voluntary contribution schemes CSAVC when topping up company pensions....

> 11y3m

Pensions

How Do Pension Payments Increase

How Do Pension Payments Increase

Video explains how company pension payments increase for both normal pensions in payment increases and gmp guaranteed minimum pension in payment increases....

> 11y4m

Pensions

Alternative to Flexible Pension Drawdown

Alternative to Flexible Pension Drawdown

Video explores the alternative to flexible access pension drawdown if your pension does not offer it or your pension company will not do it without financial advice. This is ...

> 11y4m

Pensions

Protect Annual Allowance with Small Pension Drawdown

Protect Annual Allowance with Small Pension Drawdown

Video explains how if you wish to have some access to flexible pension drawdown but still wish to keep the full pension annual allowance of £40,000 rather reducing to ...

> 11y5m

Advice Tips

Claim Back Tax Deducted From Pension

Claim Back Tax Deducted From Pension

Video looks at how pension drawdown is taxed at source and how you can claim back or reclaim overpaid tax from HMRC....

> 11y5m

Pensions

How Is Flexible Pension Drawdown Taxed

How Is Flexible Pension Drawdown Taxed

Video explains how flexible pension drawdown is taxed and at what levels of tax and what elements are tax free....

> 11y5m

Pensions

Pay No Tax Flexible Pension Drawdown

Pay No Tax Flexible Pension Drawdown

We show you how to reduce and avoid altogether income tax when drawing down pension funds under the new pension flexible access drawdown rules....

> 11y5m

Pensions

Flexible Pension Access Financial Advice

Flexible Pension Access Financial Advice

You may be surprised if you contact your pension company when they say you cannot access flexible pension drawdown without financial advice, we explain why....

> 11y5m

Pensions

State Pension Top Up 2015

State Pension Top Up 2015

Video explains state pension top ups via voluntary national insurance contributions for those who reached state pension age at or before April 2015....

> 11y5m

Pensions

Flexible Pension Drawdown 2015 Introduction

Flexible Pension Drawdown 2015 Introduction

Video offers a simple introduction to the most common questions asked for new flexible pension drawdown access rules that started 2015....

> 11y5m

Pensions

Auto-Enrolment Workplace Pension 2 to 50 Employees

Auto-Enrolment Workplace Pension 2 to 50 Employees

Video and article explains workplace pension auto enrolment staging dates rules 2015, 2016 and 2017, as well as minimum payments for employee and employer, if you already have a ...

> 11y7m

Pensions

Auto Enrolment Pension Single Director Company

Auto Enrolment Pension Single Director Company

Video explains what one director, single employee companies must do to comply with auto-enrolment, work place pensions.Transcript: Auto Enrolment Pension Single Director Company“Hello there. Auto enrolment pensions for very ...

> 11y7m

Business

Is Paying Financial Adviser From Pension Taxable

Is Paying Financial Adviser From Pension Taxable

Video answer: Is paying financial adviser directly from my pension fund or investment taxable to me? Will I pay income tax when adviser fee paid from policy charges? Transcript: Is ...

> 11y7m

Pensions

Pension Saves Inheritance Tax

Pension Saves Inheritance Tax

Video looks at how pensions can be an excellent inheritance tax planning and may be now one of your main tools to reduce inheritance tax.Transcript:“Hello there. Pensions as an ...

> 11y7m

Pensions

Cash in Annuity

Cash in Annuity

Video looks at the consultation to allow people to cash in their pension annuity which may become law soon.Transcript:“Hello there. An introduction to a subject for you: cashing in ...

> 11y7m

Pensions

Find Lost Pension

Find Lost Pension

Video looks at older pensions that you have lost touch with if you have moved, changed name or the pension has moved, changed its name etc. and how to ...

> 11y7m

Pensions

10 Reasons to Pay Into A Pension

10 Reasons to Pay Into A Pension

Video offers 10 simple reasons as to why you should save and invest money in a pension scheme for the various tax relief benefits and other reasons that you ...

> 11y8m

Advice Tips

Voluntary National Insurance Contributions

Voluntary National Insurance Contributions

Video explores Voluntary National Insurance Contributions if you have a shortfall due to not working or working or living overseas as an expat. To protect and make up any ...

> 11y8m

Pensions

Retirement Cash Flow Model

Retirement Cash Flow Model

Video explores the concept of planning for retirement and later life using cash flow models and cash flow modelling techniques to ensure you have enough money to see you ...

> 11y9m

Advice Tips

Buy to Let v Flexible Pension Drawdown

Buy to Let v Flexible Pension Drawdown

Video explores the tax differences between a flexible pension and a buy to let investment property and whether you should release tax free lump sums and income to buy ...

> 11y9m

Property

Autumn Statement Tax Free Annuity on Death

Autumn Statement Tax Free Annuity on Death

Video explains Chancellor George Osborne’s Autumn Statement December 2014 and paying a tax free pension annuity to spouse on death before age 75....

> 11y10m

Politics & Economy

What To Do When Retiring Soon

What To Do When Retiring Soon

Video offers action tips if you are retiring soon for state pension, winter fuel, tax codes and dealing with HMRC and DWP.Transcript:“Hello there, so you're about to retire. What ...

> 11y10m

Advice Tips

Pension Annuity v Flexible Drawdown 2015

Pension Annuity v Flexible Drawdown 2015

Video compares buying an annuity with your pension against the new pension flexible drawdown rules April 2015. Low risk or high risk? Think about your retirement options.Transcript:“Hello again, wooo! ...

> 11y10m

Pensions

Increase State Pension up to 25 pounds pw

Increase State Pension up to 25 pounds pw

Video explains the projected costs for increasing your state pension by up to £25 per week between April 2014 and April 2016 for those that reach or have already ...

> 11y11m

Pensions

Salary Sacrifice Pension Advantages Disadvantages

Salary Sacrifice Pension Advantages Disadvantages

Video explains the advantages and disadvantages of salary sacrifice in connection with pension contributions.Transcript:“Hello there. The subject for this video is salary sacrifice. What is salary sacrifice?Firstly let me ...

> 11y11m

Pensions

Qualifying Recognised Overseas Pension Scheme QROPS

Qualifying Recognised Overseas Pension Scheme QROPS

Video explains the basics of international pension transfers from a UK pension to an overseas QROPS Qualifying Recognised Overseas Pension Scheme.Transcript:“Hello again. Subject for the video today is QROPS. ...

> 11y11m

Pensions

Use Pension As A Bank Account

Use Pension As A Bank Account

Video explains how to use your flexible pension drawdown just like a bank account with part tax free 'income' and part taxable income.Transcript:“Hello there, today's date is 14 October. ...

> 11y11m

Pensions

Purchased Life Annuity

Purchased Life Annuity

Video explains the alternative investment for income and the tax advantages of a purchased life annuity that are available from specialist insurers.Transcript“Hello again, today my video topic is purchased ...

> 11y11m

Investment

Financial Advice v Pension Guidance

Financial Advice v Pension Guidance

Video explains financial advice versus financial and pension guidance, following the Budget 2014 where Government confirmed it would arrange for free pension guidance. We explain the difference between advice ...

> 11y11m

Advice Tips

Collective Defined Contribution CDC Pension

Collective Defined Contribution CDC Pension

Video explains Government's proposed Collective Defined Contribution CDC Pension which are based upon Dutch pensions and a half way house between final salary schemes and investment/money purchase linked pensions.Transcript"Hello ...

> 12y

Pensions

Transfer Window for Higher Protected Pension Lump Sums

Transfer Window for Higher Protected Pension Lump Sums

Video explains the window that is open before April 2015 to transfer pensions with a protected higher tax free cash lump sum to a new pension.Transcript"Hey there, subject for ...

> 12y

Pensions

10000 Annual Pension Allowance Flexible Drawdown

10000 Annual Pension Allowance Flexible Drawdown

Video explains the different annual pension contribution allowances for those with Capped and Flexible Drawdown before and after April 2015...

> 12y

Pensions

Change to Pension Credit Ages

Change to Pension Credit Ages

Video explains the impact of the changes to state pensions and how this affects pension credit and ages when you can receive pension credit help...

> 12y

Pensions

GMP Underpin Company Pension

GMP Underpin Company Pension

Video explains the basics of an investment linked company pension plan with Guaranteed Minimum Pension GMP underpin...

> 12y1m

Pensions

AVC Tax Free Cash Augmentation

AVC Tax Free Cash Augmentation

Video explains the benefits of using AVC's for tax free cash to leave more in the main pension scheme for higher income...

> 12y1m

Pensions

Pension Tax Relief University Fees

Pension Tax Relief University Fees

Video explains the idea of paying into pensions, get tax relief, use flexible drawdown to pay university fees...

> 12y1m

Advice Tips

Company Life Insurance and Lifetime Allowance

Company Life Insurance and Lifetime Allowance

Video explains the impact of death in service cover life insurance on the lifetime allowance. Some schemes can create a huge tax charge on your early death....

> 12y1m

Pensions

Pension Annuity Flexible Proposals 2014

Pension Annuity Flexible Proposals 2014

Video news giving details of proposals to make pension annuity more flexible by relaxing 3 rules...

> 12y2m

Pensions

Early Retirement Age Change 55 to 57

Early Retirement Age Change 55 to 57

Video news on the proposal that Government are consulting on a change to early retirement age from 55 to 57...

> 12y2m

Pensions

High Income How To Get Personal Allowance Back

High Income How To Get Personal Allowance Back

This video will explain how to get your personal allowance back if you have high earner income and have lost it...

> 12y2m

Pensions

Teachers Pension Spouse Benefit Shortfall

Teachers Pension Spouse Benefit Shortfall

A short video focusing on the Teachers pension scheme and a shortfall in spouse benefits if you were a teacher in the 70's and 80's...

> 12y4m

Pensions

2014 Lifetime Allowance Protection

2014 Lifetime Allowance Protection

The current lifetime allowance is £1.5m, in April 2014 this will fall to £1.25m.There are ways to protect yourself.Fixed protection – Use if you are already at or above ...

> 12y8m

Pensions

Videos Channels

Our Financial Advice Fees Quotes and Shop

Money Tips Cost of Living & Covid

Cost of Living & Covid

Markets & Alerts

Markets & Alerts

Expat and Offshore

Expat and Offshore

At Retirement Options for Pensions

Options At Retirement

Pension Transfers

Pension Transfers

Green Inv ESG SRI

Green Inv ESG SRI

Tax Planning Tips

Law, Wills, Attorneys

Law, Wills, Attorneys

Politics and Economy

Politics & Economy

Alternative to Flexible Pension Drawdown

Protect Annual Allowance with Small Pension Drawdown