The coronavirus crisis has caused financial problems for many people, who find that they are furloughed and facing a cut in what they earn. Many of us could be facing some difficult times, for the next few months at least.
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All posts tagged: pension
Have you forgotten a pension pot?
The Association of British Insurers (ABI) surveyed 2,000 UK adults and estimated that around 1.6 million pension pots together worth a staggering £19.4bn are currently unclaimed. This is the equivalent of nearly £13,000 per pension pot – which would be a sizable boost for anyone’s retirement plans.
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Things to do while you are locked down
Clearly lockdown has had an impact across society, but are we using our time most effectively? We take a closer look at those tasks which may need to move up to the top of your ‘to do’ list during this period, and how we can assist you remotely, by giving you the advice and support you need.
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Will coronavirus affect my pension?
There have been some important lifelines, from the Bank of England’s decision to reduce its Bank Rate to a record low of 0.1% to the Government’s decision to support the income of those forced to stay at home. At Continuum we know that there are many measures that you can take to reduce the impact of situations out of your control, including implementing a careful strategy to suit the current climate. Find out what impact the Coronavirus could have on your finances today.
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What is pension tax relief?
According to the government’s last review into pension tax relief, its primary purpose is to strengthen the incentive to save. But what exactly is pension tax relief, how does it work, and can you make it work any harder?
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