Latest News

Taking your pension

Using different parts of one pension pot or using separate or combined pots Under the new flexible pension freedoms rules, you can now mix and match various options, using different parts of one pension pot or using separate or combined pots. Leave your pension pot untouched You might be able to delay taking your pension until a later date. Your pot…

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Using your pension pot

More choice and flexibility than ever before Under the pension freedoms rules introduced in April 2015, once you reach the age of 55, you can now take your entire pension pot as cash in one go if you wish. However, if you do this, you could end up with a large tax Income Tax bill and run out of money in…

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Self Invested Personal Pensions

Providing greater flexibility with the investments you can choose A self-invested personal pension (SIPP) is a pension ‘wrapper’ that holds investments until you retire and start to draw a retirement income. It is a type of personal pension and works in a similar way to a standard personal pension. The main difference is that with a SIPP, you have greater flexibility…

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Personal Pensions

Saving tax-efficiently for retirement A personal pension is a type of defined contribution pension. You choose the provider and make arrangements for your contributions to be paid. If you haven’t got a workplace pension, getting a personal pension could be a good way of saving for retirement. Your pension provider will claim tax relief at the basic rate and add it…

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Defined Contribution pension schemes

Providing an income in retirement With a defined contribution pension, you build up a pot of money that you can then use to provide an income in retirement. Unlike defined benefit schemes, which promise a specific income, the income you might get from a defined contribution scheme depends on factors including the amount you pay in, the fund’s investment performance and…

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Defined Benefit pension schemes

Secure income for life A defined benefit pension scheme is one where the amount paid to you is set using a formula based on by how many years you’ve worked for your employer and the salary you’ve earned rather than the value of your investments. If you work or have worked for a large employer or in the public sector, you…

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State Pension update

New rule changes The State Pension changed on 6 April 2016. If you reached State Pension age on or after that date, you’ll get the new State Pension under the new rules. The new State Pension is designed to be simpler than the old system, but there are some complicated changeover arrangements which you need to know about if you’ve already…

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Pensions Freedom confusions…

Retirement savers say they are still confused by the rules On the second anniversary of the pension freedoms reforms THAT took effect from April 2015, some retirement savers say they are still confused by the rules and want no more changes. The changes of April 2015 represented a complete shake-up of the UK’s pensions system, giving people much more control over…

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Anthony West – Young Financial Planner of the year awards 2017

Anthony (Tony), Russell, Mark, Georgia and Rebecca attended the prestigious Retirement Planner 2017 Awards event on Friday 16 June at the Jumeirah Carlton Tower, London SW1. Why? Tony was shortlisted for the Top 5 UK Young Financial Planners of the year for the South East & Midlands. According to the judging panel, ‘..the Awards highlight those intermediaries and companies who have…

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Road to Brexit…

Biggest investment planning challenge over the coming years for all investors Brexit has created an air of uncertainty, and no one really knows what’s coming next or what it could all mean in the long term. On 29 March, Prime Minister Theresa May triggered Article 50 of the Lisbon Treaty in a letter to EU Council President Donald Tusk, starting two…

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