Wednesday 26th May, 2021
The Lifetime Allowance is a limit on the amount of pension benefit that can be accrued by an individual across all pension schemes during their lifetime. How and when it is applied has continued to create confusion, and the potential for substantial charges for exceeding the Lifetime Allowance threshold has created a great deal of fear amongst anybody approaching this cap on pension accrual. This brief guide will explain what the Lifetime Allowance is, how pensions are valued for Lifetime Allowance purposes, when the test is applied and how the Lifetime Allowance charge is calculated.Read about what a PLA is, or watch our video...
Monday 10th May, 2021
Pensions can seem complicated, but understanding their advantages and how they work can save you tax now, as well as helping you build your retirement savings. So here are 7 great benefits of using a pension.Find out why you should invest in pensions and watch our video...
Monday 26th April, 2021
One of the main questions I am asked at barbeques and parties is, “How much do I need to retire?”. It’s a really valid question, when you consider that you could spend 30 – 40 years in retirement and it is therefore important that you have enough money to enjoy it.Read more
Monday 12th April, 2021
I am frequently asked by retiring client's, "What can I do with my pension pot?" This is a crucial question, because since the implementation of pension freedoms there are several options for using your pension. Whether as a cash lump sum, annuity or flexi-access drawdown, the world is your oyster when it comes to accessing money from your pension pot. However, there are many misconceptions around the options for cashing in your pension. Theses incorrect notions can be detrimental, as the decisions you make now will impact the success of your retirement in later years. It is therefore crucial that you understand all the possibilities. The guide below will provide you with a breakdown of the two most common retirement options and some strategies you can apply to help you make the most of your pension income.Read more