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...
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...
Should I delay my retirement?
For many people awaiting retirement, the day when they can finally say hello to rest and relaxation cannot possibly come soon enough. For others, the prospect of planning for retirement is a daunting one, as it represents a financial sacrifice or even a lack of purpose. In these kinds of situations, delaying retirement for a...
How to protect your pension from rising inflation
The rate of inflation has reached record highs, and much of the UK’s population is struggling to cope with the cost-of-living crisis as a result. As inflation begins to whittle away at the value of people’s savings, many savers and would-be retirees are looking for ways to lessen the overall impact on their retirement funds....
What is an FSCS protected pension?
Since the pension freedoms legislation was introduced in the UK in 2015, people have enjoyed much greater levels of control over their retirement savings. This particular bill has opened up a range of different saving and pension withdrawal options, enabling better monetary flexibility for individuals everywhere. It has also served to somewhat complicate matters, especially...
How can I build my pension pot?
Saving for retirement is one of the most important financial journeys in life, yet it can be fairly difficult to understand what needs to be done in order to build your pension pot. Thankfully, there are more than a few ways you can build your pension pot and capitalise on its unique benefits, like the...
Pensions for contractors
Pensions are a superb way for contractors to save up for their financial future, as they offer some unique flexibility that suits the nature of contract work perfectly. Thanks to changes made in legislation back in 2015, you can now access as much of your pension as you need (once you turn 55), which gives...
