Can your pension sustain your retirement?

Working out how long your pension pot will need to last – as life expectancy rises – is worth thinking about sooner than later. The lockdown caused many people to reassess their lifestyles, which for some meant choosing early retirement. But what retirees have found is that pension pots are not matching the period of [...]

October 7th, 2021|Investments, Pensions|

Investment Life & Pensions Moneyfacts Awards 2020

We are delighted that The Orchard Practice (TOPFS) has been shortlisted for two more awards - Protection Adviser of the Year as well as Tax and Estate Planner of the Year As part of the judging process, Moneyfacts have asked our clients to submit testimonials to them. If you feel that we are deserving, we [...]

June 12th, 2020|Investments, Pensions, News|

Pension contributions in Covid-19 support measures

With the changes in many people’s earnings, this is what we know so far with regards to your pension. In addition to the £2,500 per month wages for each furloughed employee, the grant will also pay the employer’s National Insurance contributions and minimum auto enrolment contributions on the wage that is being granted. If the [...]

April 13th, 2020|Pensions|

Self-employed? Prioritise your pension

Since the introduction of automatic enrolment, over 10 million eligible employees have been signed up to a workplace pension scheme. But for self-employed people, no such scheme exists, meaning that many of those who work for themselves are struggling to prioritise their pension. While there are many benefits to being your own boss, including the [...]

March 4th, 2020|Pensions|

Reviewing your pension contributions

As you approach retirement, you probably want to know when you can afford to stop working. Having worked hard throughout your career you deserve to enjoy your retirement without having to worry about your finances. It may be worth reviewing your pension contributions to make sure you are taking advantage of the incentives offered by [...]

February 22nd, 2020|Pensions|

How auto enrolment has boosted pension saving

Forcing people to save may sound controversial but new figures marking the seventh year of auto enrolment suggest it may actually be working. Data from the Pensions Regulator shows between the introduction of the reforms – mandating employers to register staff in pension schemes -  in 2012 and April 2018, the overall proportion of eligible employees [...]

October 29th, 2019|Pensions|

No such thing as a free lunch! The dangers of pension freedoms

New Financial Conduct Authority (FCA) data has lifted the lid on use of the pension freedom rules. Then-chancellor George Osborne overhauled the pensions system in his 2014 Budget when he said savers would no longer have to choose between an annuity or income drawdown and could instead access their pot after age 55. These withdrawals [...]

October 2nd, 2019|Pensions|