Pensions

Help and information on your pension planning

Pensions Videos

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 ... 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 ... Defined Benefit Transfer Advice Suspended Defined Benefit Transfer Advice Suspended The whole world of DB transfer work has changed over the last year in the UK and 2019 is now a key year. There have been many complaints for ... 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 ... 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 ... 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 ... 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.... 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 ... 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 ... 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 ... 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.... 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 ... 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 ... 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 ... 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 ... 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.... 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 ... 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 ... 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 ... Pensions Protected from Creditors and Bankruptcy Pensions Protected from Creditors and Bankruptcy When is a pension protected from creditors or bankruptcy and when is it not? Is flexible drawdown protected from creditors?...

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