Pension calculator for the self-employed
Are you self-employed? Do you have a personal pension? Perhaps you are planning to set up a pension in the near future? Whatever situation you are in, there is one tool that can help with your current and future planning: a pension calculator for the self-employed. What is a pension calculator? As you may gather...
Pensions and fixed-term contracts
Do you work on fixed-term contracts? If so, you might be curious about how pensions and fixed-term contracts function. After all, you are not in permanent, ongoing employment. You are only working until you reach a specified end date, hence the fixed-term aspect of the work. As a result, you could be wondering if you...
What is the best pension if you are self-employed?
Are you self-employed and exploring the possibility of starting a personal pension plan? If so, this is a wise decision. A pension can alleviate fears of an uncertain future, providing you with financial security as you enter retirement. However, there’s plenty to consider before going forward, including which is the best pension type for your...
Why technology plays an important role in providing transparency when self-managing pensions
Traditionally, self-managing pensions has never been the easiest. Most people have multiple pension pots spread over multiple different careers during their lifetime. There are various charges and fees applied to pension schemes. You also have to factor in issues such as inflation and how your pension, which is ultimately a form of investment, can go...
Pension contributions for the self-employed
For a comfortable retirement where you’re not struggling to pay bills and can enjoy frequent holidays, making regular pension contributions for the self-employed is important. Your pension pot is your future, and the more you put into it, the more you will have a prosperous life once you have left work behind. While this is...
Do pensions reduce tax for the self-employed?
Those in standard employment join a workplace pension via automatic enrolment. The story is different for those that are self-employed. With no employer providing enrolment automatically, the impetus is on the self-employed individual to arrange their own pension scheme. This explains why those self-employed are three times less likely to pay into pensions compared to...
Retired households face tax shock from frozen allowances
Millions more could start paying tax or pay a higher rate tax from April due to frozen personal allowance. Retired people already contribute more than £57.22 billion a year in direct taxes. Retired households are facing a potential tax shock this year as frozen personal allowance kicks in from April with hundreds of thousands...
How did private pensions perform in 2022?
As we are still early in 2023, it is important to take stock of the previous year. This is applicable to understanding the current performance of your pension. This guide will look into how the cost-of-living crisis has affected private pensions and whether it remains a strong investment option. How did private pensions perform in...
Will pensions bounce back?
The current cost of living crisis has been detrimental in many different financial sectors. Pensions are no different. Have you had a look at your pension recently and been worried about its performance? If so, you could be wondering will pensions bounce back? After all, the last thing you want is an underperforming pension when...
