Pensions are still a powerful vehicle for saving towards retirement in 2023-24, particularly due to their tax advantages. One of these advantages is the freedom to withdraw up to 25% of the value of your…
How pension tax relief works with fluctuating income 3>
There were 1.9 million freelancers in 2022, comprising nearly half of the UK’s 4.39 million self-employed people. The latter is slightly down from the peak of over 5 million in 2020 (during the onset of…
How can you keep more of your money in retirement? Whilst it may sound strange to think about putting money into another person’s pension, it could help your household tax...
Hunt’s promise to boost pensions by £1,000 – will you benefit? 3>
Chancellor Jeremy Hunt has promised to “boost” pensions by £1,000 through a series of pension reforms which mirror the Australian and Canadian systems. Yet how meaningful are these measures...
How do personal pensions work? Your questions answered 3>
Personal (or “private”) pensions can be a valuable retirement planning tool to help you reach your long-term goals. Yet what are they and how do they work? In this guide, our Grantham financial planners explain...
What is the best way to generate a reliable income in retirement? Broadly speaking, you can use your pension savings in two ways – buy an annuity, or keep the money invested and take gradual…
Overwhelmed by pension info? How an adviser can help 3>
A recent study by Standard Life revealed that 50% of people feel “overwhelmed” by pension information and two in five people have no idea what to do next with the information they do have. Retirement…
Pension tax relief is a system designed to encourage people to save towards their retirement. Yet how does it work, exactly? How can you best use it to boost your savings and achieve your long-term…
Insights for women and pension planning in 2023 3>
Planning for retirement is unique to each person. Yet women tend to face common, distinct challenges which need addressing to secure their financial future in later life. In this post, our Grantham financial planners explain…
There has been a lot of change in the UK’s political realm since the summer. Three Prime Ministers and two budgets from separate chancellors. It is little wonder that many are confused about their pension…
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