Even as we start to leave economic recession, many employers are continuing to downsize their workforces, and are often targeting those employees who are the most expensive by offering a ‘package’ of redundancy and retirement options.
Some new research from Standard Life has found that around 250,000 higher rate taxpayers are missing out on the full tax relief available on their pension contributions. In some cases they have been missing out for several years.
90% of UK businesses intend to seek external expert advice to help them understand the impact of the Government’s workplace pension reforms due to be introduced from 2012.
Informed Choice directors Martin Bamford and Nick Bamford have appeared in Retirement Strategy magazine (February 2010) in the head-to-head feature, which this month asked do you agree with the Conservatives’ proposal to scrap forced annuitisation at age 75?
Changes to the requirements to earn a full State pension come into force from 6th April 2010. From midnight on 6th April, the number of qualifying years is being reduced to 30 for both men and women.
We are often asked by clients if they should ‘top-up’ their National Insurance contributions in order to get a better State pension when they retire.
New figures from the Office for National Statistics (ONS) have shown that employers paid £40.6bn into company pension schemes in 2008. This represents a £4bn (9%) drop year-on-year.
Should you ever take retirement benefits early from your pension plans and in particular take the much loved tax free cash lump sum?
The difference between need and want is an important part of retirement planning when choosing annuity options. Choices sometimes force you to have to think and consider what you really need, rather than what you might want.
A local lady came into see me yesterday for some basic advice about her pensions. Like many people I meet, she started our conversation by pointing out that “I don’t really understand pensions”.
Get in touch
- Informed Choice
- Sundial House, 20 High Street, Cranleigh, GU6 8AE
- 01483 274566