How will changing working patterns affect your pension?

The sooner you start saving, the healthier your pension pot is likely to be when you need to draw on it. But what happens to your pension planning if your working hours reduce, or stop? First things first If you join a company you may be enrolled into their workplace pension scheme which, in most [...]

July 29th, 2019|Pensions|

How to thank grandparents for all that free childcare

Good old grandparents! Grandchildren love them because they are a source of sweets, and parents are grateful for the free childcare. But did you know, there are actually state benefit perks if your parents help look after your children. Grandparents can get national insurance credits towards their state pension if they have retired to help [...]

May 28th, 2019|Pensions|

Can a state pension style system help solve the care crisis?

The state pension is a long-established government benefit that provides a minimum standard of living for those who reach retirement age, but should the same apply for those who require long-term care. Successive governments have been trying to reform the care system for years. The most prominent proposal was the Dilnot report in 2011, which [...]

May 1st, 2019|Pensions|

Why boosting your pension isn’t all bad news for your pay packet

There are warnings that you could see your salary cut from next month, but the change could actually be beneficial to your financial future. From April 2019, the government is increasing the minimum contribution that employees must make into workplace pensions. This is part of auto-enrolment rules, where all staff are automatically signed up to [...]

March 1st, 2019|Pensions, Uncategorized|

Should you raid your pension to buy a Lamborghini?

More than 1m retirees have accessed their pension pots since new freedoms were unveiled in April 2015. Since then, retirees, or anyone aged over 55, have been able to access their pensions savings as they wish, rather than having to only take an annuity or income drawdown product, subject to their marginal rate of income [...]

February 7th, 2019|Pensions|

Can you afford not to work when you retire?

People are now living much longer after they leave the workplace, but will you be able to afford not to work? Research by the Office for National Statistics (ONS) has found that men can now expect to live 15 years after they retire and women on average will live for another 20 once they stop [...]

January 3rd, 2019|Pensions|

The end for pension cold calling?

There is not much more annoying than answering your phone to a cold call, especially if it could leave you open to pension fraud. Scammers often use cold calls to try to get vulnerable or unwary people to transfer their pension savings into unregulated and niche investments offering high and unlikely returns. It is always [...]

October 30th, 2018|Pensions|