Retirees taking money from their pension using drawdown should be offered financial advice, especially if they are new to investing in the markets, a study has concluded.
Retirement & Pensions
A third of people preparing to retire this year are supporting family members with their finances, new research has revealed.
Grandparents who look after their grandchildren could be entitled to a National Insurance (NI) credit which could help boost their state pension.
Retirees would benefit financially by shopping around and comparing deals for an income drawdown provider rather than simply sticking with their existing pension provider.
Hundreds of pounds worth of savings could be made by individuals thanks to a new free online will writing service.
If you’re planning to pass on money or assets to your loved ones when you’re gone, your heirs could be facing an inheritance tax bill bigger than ever before. According to the Office for Budget Responsibility, families will pay an extra £900 million in inheritance tax over the next five years.
Checking your retirement date is still in line with your plans could be a smart move in order to maintain your pension pot.
Few people are aware that ISAs are subject to inheritance tax (IHT), a survey by Octopus Investments has discovered.
The dream of retiring earlier could be a reality for many people if they took one vital step – reviewing the fees charged on their investment and retirement plans. Hannah Goldsmith DipPFS, founder of Goldsmith Financial Solutions, explains
More than a million employers have now signed their staff up to workplace pensions, new figures from The Pensions Regulator have revealed.