South West is the UK’s Self-employment growth capital
According to our latest research*, the South West of England is the UK’s self-employment growth capital despite the drop in the number of people working for themselves. Up to 40,000 more workers turned to self-employment in the South West taking the total to 438,000 in the region – a 10% increase on the past year,...
How technology is shaking up the UK pensions market
The UK pensions market, worth £13.9billion, is facing unprecedented challenges and opportunities as technology-driven innovation transforms the way people save, invest, and retire. While the current system has served many people well, it also suffers from complexity, inefficiency, and uneven outcomes. As the population ages, and financial pressures mount, the need for more accessible, affordable,...
Self-employment and job changes are driving pension cuts
Up to 1.7 million who became self-employed or changed jobs stopped retirement payments or cut back. We urge retirement savers to think carefully about pensions despite cost-of-living pressures. Workers deciding to become self-employed or change their jobs are contributing to a rise in people cutting back on retirement saving. Our research* has found one...
Is it better to combine pensions?
Do you have multiple pension pots? Don’t worry – this is the situation for many of a certain age. People will go from career to career, having multiple jobs over their lifetime. The result of this is the creation of a pension pot by each individual employer, which leaves you with money saved in different...
Can creditors take your pension?
Money is tight for many UK residents right now. The cost-of-living crisis has seen various bills skyrocket, which has put a squeeze on finances. Yet this isn’t resulting in people only having to put luxury purchases to one side – it can also see them struggling to pay for everything from food to energy. The...
Is it worth consolidating pensions?
Have you had several jobs over the years? In that case, it is likely you have built up several pension pots. Many have followed the same path. However, there is one aspect of this you want to avoid: forgotten or lost pension pots. With so many pots spread around, it is easy for some of...
Can I get my pension contributions back?
Do you have regrets about the pension scheme you have signed up for? Perhaps money is tight, and you require some quick funds? There are various reasons why you might be looking into getting your pension contributions back. Yet is it possible? Can I get my pension contributions back? If you’re wondering if it’s possible...
Do you pay national insurance on your private pension?
As you likely already know, National Insurance is a type of tax that is deducted from your earnings. While this is the situation when it comes to your salary or self-employment profits, you might be wondering if you pay national insurance on your private pension. This guide has the answer. Do you pay National Insurance...
Can a private pension be passed onto a child?
Are you looking to help out one of your children with their monetary needs? Perhaps you want to provide your loved ones with a financial gift? You might be looking towards your private pension as the answer and wondering if a private pension can be passed onto a child, but there are various points you...
