Life is full of challenges and possibly the single biggest challenge of longer life expectancy is working out how to finance it. There are more options than “just” pensions and even if you do go down the pension route (which is often a very sensible approach), there can be all kinds of considerations involved in […]
Pensions
Perfecting Your Pension
Even though there are plenty of ways you can potentially save for your retirement, saving via a pension scheme remains one of the most common, especially for those in employment, who now have to be automatically enrolled into a pension scheme unless they actively choose to opt-out. If you’re one of the many people currently […]
Is it time to say goodbye to annuities?
Times change but sometimes it can take a while for established systems to catch up with this fact. For example, it took until 2015 for the law to recognise that using a pension pot to buy an annuity was not necessarily the right approach for everyone and to make it possible for people to use […]
Understanding the basics of workplace pensions
There’s no such thing as a free lunch and you can’t have your cake and eat it. You can, however, make use of tax breaks to reduce the amount of money you hand over to the government and, hence, increase the amount of money you have available for your own use. In some cases, there […]
Understanding the value of a pension
There are many ways of saving for retirement, but the option of saving through a pension scheme remains a firm favourite. There are many reasons for this but two stand out in particular. Firstly, pension saving is very heavily promoted by the government. Arguably the most notable example of this was the introduction of the […]
Making the most of your pension allocation
Politicians of all persuasions clearly believe that saving for our old age is a good idea and are particularly keen on encouraging us to save via pensions. While the cynical might suggest that the main reason politicians are so keen on saving for retirement via a pension is because pension funds are locked away until […]