There was a real fear, during the run-up to the autumn budget, that there would be bad news on pension tax relief.
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All posts tagged: pension
How to have too much in your pension
The government wants us to save for our old age. It is why pension contributions have tax advantages which help make a pension one of the most lucrative investments most of us are likely to make.
The more you have in your pension pot the more comfortable your retirement can be. But it is possible to have too much.
SIPPs Explained
SIPPS – Self-Invested Personal Pensions – can provide an alternative to a conventional pension. We take a look at SIPPS, and what they could mean for you and your retirement plans.
The money you pay into your pension is of course not simply held by your pension provider until you retire. It is invested for growth.
What is an Enhanced Annuity?
Most of us are familiar with the idea of an annuity. It is an income that we can buy with the contents of our pension pot.
An annuity will bring in a fixed income for the rest of our lives, whether we live to be 100 or fall under the proverbial bus tomorrow.
How to take tax-free cash from a pension
There used to be something frustrating about a large pension pot. You might have had ample funds, but the only way you could access them was through an annuity.
Whether you wanted a holiday of a lifetime, or simply to pay off the mortgage, the money you had spent so long building up was simply not available.