Keeping Pension Wealth in the Family

Why I Should Pay Into Pension

Pension Death Benefits – Keeping Pension Wealth in the Family New rules regarding flexible pensions such as SIPPs now allow pension wealth to cascade down the generations within the pension wrapper, creating a truly tax efficient wealth management and inheritance plan. You may now nominate beneficiaries under your personal pension plan without restriction – beneficiaries […]

Lifetime allowance reducing to £1 million

Why I Should Pay Into Pension

The Lifetime Allowance is a limit on the amount of pension benefit that can be drawn from pension schemes – whether lump sums or retirement income – and can be paid without triggering an extra tax charge. The lifetime allowance was introduced in 2006 at a level of £1.5 million. It then increased each year […]

Pension Wise

Why I Should Pay Into Pension

The government has created more choices for pension income, which came into force on Easter Monday. To help individuals with these choices, they have introduced guidance in the form of Pension Wise. The guidance will be provided in April 2015 and will be delivered by independent organisations, including The Pensions Advisory Service (TPAS) and Citizens […]

Ten Good Reasons To Pay Into A Pension Before April 5-2015

Why I Should Pay Into Pension

TEN Good reasons to pay into a pension before April 5 2015 There are less than three months to go before the new pension freedom becomes reality. With the legislation now in place, the run up to April is time to start planning in earnest to ensure you make the most of your pension savings. […]

Pension reform: how this will affect you

Why I Should Pay Into Pension

In March 2014, Chancellor George Osborne announced radical changes to the way people can take an income from their pension, stating that savers could withdraw their entire pension fund if they wished. Currently, those retiring have a choice either to buy an annuity, which pays a guaranteed income for life, or leave their money invested […]