Understanding fund fact sheets
If you’re thinking about investing some of your hard-earned cash for the first time, you’ll likely need to understand fund fact sheets. They may be a little confusing at first, but ultimately, they’re designed to make your life as an investor much easier. Essentially acting as a summary document, a fund fact sheet is usually...
Pension vs ISA: Where is best to place your money?
In an effort to achieve your financial goals and benefit from a financially stable future, finding the best way to save your money is crucial. This could therefore have you comparing a pension vs ISA. It’s important to note that to enjoy a happy and fulfilling retirement, a dependable pension is nearly always essential. This...
One in three ‘worry they may have lost pension funds’
More than 5.5 million workers have three or more pension funds. Consolidating pension funds can reduce fees and save administration time. Our latest research shows nearly one in three pension savers worry they have built up funds they have lost or forgotten about after changing jobs. The nationwide study found around two out of five...
The cost-of-living crisis and your pension
The cost-of-living crisis is taking its toll on the UK population, forcing many households into poverty, and leaving plenty of others struggling to keep up with their monthly bills. A result of rising inflation, stagnant wages, increasing energy bills, and a host of other factors have given rise to the crisis, an event that the...
Is my pension subject to inheritance tax?
Thinking about what happens to your family once you have passed on is something that many do not enjoy, but it is an important consideration. If you’re no longer around, you want to ensure your loved ones are taken care of as much as possible. Pensions, along with being there as support through retirement, can...
How does inflation affect my pension?
The UK is experiencing inflation rates at a 40-year high, resulting in a cost-of-living crisis that’s left millions of people struggling to pay the bills, and that’s putting it lightly. The effects of this crisis are not only incredibly far-reaching, but they look set to stick around for a while. For those of you wishing...
Myths about transferring your pension
You don't have to be an expert to make the most of your pension. Thanks to the internet and modern technology, more people can learn how to maximise their pensions and make changes that reflect their needs. One way you can do this is by transferring your pensions to a provider better suited to you....
Your SIPP questions answered
With so many pension products out there, choosing the right scheme to save for your retirement can seem daunting. A quick search on the internet reveals a huge number of questions on Self-Invested Personal Pensions, from what they are to what you can and can’t do with one. With a huge variety of SIPP queries...
The pension carry forward rule explained
If you wish to make pension contributions that exceed your annual allowance, you may be pleased to hear that the pension carry forward rule could enable you to still qualify for tax relief. This may be especially beneficial for those with irregular incomes like contractors and freelancers or anyone who wishes to make substantial contributions...
