Don’t let the Default be the Default
Most members of a Workplace Pension will rely on other people, normally their employer and possibly trustees to make important decisions around their workplace pension and specifically around the fund where their contributions are invested, namely the Default Fund. Despite the best efforts of an employer to promote the benefits to a member to review […]
Failing to plan is planning to fail
I thought long and hard about the title for this blog but kept coming back to the same title…mainly because its true. When we talk about planning, a plan does not have to necessarily be cast in stone or put down in writing, the plan may be quite a transient one that allows for things […]
Did you know that claiming Child Benefit helps towards your State Pension?
Many women take a career break to bring up their children. But how does this affect your State Pension and how can you check that you will receive the correct entitlement? You will only receive the full amount of State Pension if you have paid or been credited with, National Insurance contributions for 35 years. […]
How Long Is A Piece Of String?
How Long Is A Piece Of String? Typically, the main queries I’m asked as a Pension Adviser from members of Workplace Pensions tend to revolve around the level of income that they may need in retirement. How much is enough? What is the average? What do others do? These are the commonly asked questions and […]
Reminder: Pension Contribution limits for ‘High Earners’
You may be aware that from 6th April 2016 there were changes made to pensions that will affect higher earners. Contributions made this tax year are restricted to as little as £10,000 for those with £210,000 of earnings. However, because of how the rules work, they can affect those with income as low as £110,000 from all […]
The Pensions Dashboard
What is The Pensions Dashboard? The Pensions Dashboard is a platform that lets savers see all their pension pots in one place instigated by the government. Why is it needed? According to Which?, almost half of over 50s don’t know the value of their pension while as much as 21% of savers have never even […]