How do you feel about trading in the national average wage of £24,000 for the pension income of £8,000 that most of us will have, when we retire? Your weekly ‘cash in hand’ at age 65 may fall by over half.
Posts Tagged ‘MetLife’
Pension income for most is just £8,000 a year
Thursday, June 10th, 2010Pension income – Annuity payouts hit new low
Wednesday, June 9th, 2010As pensions annuity rates dip under 6%, pension income for new retirees is worsening. In 2009, 63% of retirees didn’t bother to shop around, opting to buy their pensions annuity from the first company that offered – their existing pensions provider. Using your ‘Open Market Option’ to compare pensions annuities can stack £100s on to your pension income.
Buy back Time to top up Basic State Pension
Tuesday, June 8th, 2010
Did you know that, with Class 3 contributions, you can buy back and ‘fill in’ missing years of National Insurance contributions, thus increasing the amount of your Basic State Pension when you retire? Just click on the headline, to read more.
BP share slump wipes billions off UK pensions income
Monday, June 7th, 2010
As BP’s share price nosedives due to the Gulf of Mexico oil spill, pensions income from UK pension funds with large holdings in BP is suffering. A projected pensions income of £15,000 a year could have lost £400.
Government reviews plans for NEST company pensions
Monday, June 7th, 2010Government is looking again at plans for company pensions in the NEST scheme. Pensions minister Steve Webb has said he will review the ‘scope’ of the scheme, which currently aims to offer company pensions universally, to all employees.
Government pension review will add 2.5% to basic state pension
Friday, May 28th, 2010The government pension review confirmed this week will add at least 2.5% to the basic state pension from 2012. This will bring the basic state pension to over £100 per week for a single and £160 for a couple.
Retirement planning – longer work lives for UK ‘welderly’
Thursday, May 20th, 2010
Over 33m UK adults (68%) say they have put retirement planning on hold, and will not give up work on their official retirement date, according to the new Real Retirement Report by Aviva.
Principle First launches OnePlan™ and financial planning tools
Monday, May 17th, 2010
Principle First Chartered Financial Planners has today launched the OnePlan™ financial planning environment, featuring the OnePlan™ suite of financial planning tools. Our financial planning tools give you the calculations you need to plan your mortgage, insurances, even pension and retirement. The financial planning tools enable you to calculate how much your mortgage repayments on your chosen home would be, how much life insurance cover you need to replace your income and protect your family, or calculate how much you need to be saving today, to achieve a desired buying power and standard of living from your pension.
Pension changes could eat up to 82% of pension savings in tax
Thursday, May 13th, 2010Government pension changes free you from the obligatory purchase of a pensions annuity by age 75, and enable you to leave your remaining pension savings to your children. However, Inheritance Tax and other tax charges could devour up to 82% of your pension pot. Good pensions advice and pensions planning can minimise the impact of these and future pension changes.
How pension changes save the state money
Thursday, May 13th, 2010Government pension changes likely to be introduced based on pre-election pledges by the Conservatives and the Lib Dems are currently being presented as benefits that will increase pension income from both state and private pensions. Dig a little deeper, however, and we see that the pension changes are primarily designed to save the state money.
About Us
Annuities
Blogroll
Financial Planning
- Avoiding Inheritance Tax
- Bankruptcy Advice
- Capital Gains Tax Allowance
- Chartered Financial Planners
- Corporate Financial Advice
- Credit Card Debt Management
- Debt Consolidation Advice
- Debt Consolidation Loans
- Debt Management
- Debt Management Plan
- Endowments
- Family Financial Planning
- Find an IFA
- IHT Exemptions
- IVAs
- Key Man Insurance
- Online Financial Advice
- Online Investment Advice
- Potentially Exempt Transfers
- Remote Financial Advice Service
- Unbiased Financial Advice
- Unsecured Debt Consolidation Loans
- What is Financial Planning?
- Will Writing Advice
- Writing Your Life Insurance in Trust
Investments
- Aegon Sterling Corporate Bond Fund
- Allianz RCM Global Eco Trends Fund
- Artemis European Growth Fund
- Artemis Income Fund
- Baillie Gifford Emerging Markets
- Cazenove European Fund
- Cazenove UK Growth Income Fund
- Ecclesiastical Amity International A Fund
- EIS – Enterprise Investment Scheme
- Ethical Investments
- Fidelity South East Asia Fund
- First State Investments Global Emerging Markets
- Fixed Interest Bonds
- Guaranteed Bonds
- Guaranteed Income Bonds
- Guaranteed Investments
- Henderson Global Care Growth A Fund
- Henderson Industries of the Future A Fund
- IM WHEB Sustainability Fund
- Impax Environmental Leaders Fund
- Income Bonds
- Invesco Perpetual Asian Fund
- Investec American Fund
- Investment Adviser
- Investment ISAs
- Investment Planning
- Jupiter Ecology Fund
- Jupiter Investments
- Lazard Emerging Markets Fund
- M&G Recovery Fund
- Managed Investments
- MetLife Guaranteed Investment Bond
- Mutual Funds Investments
- Octopus VCT
- Our Investment Portfolios
- Quadris Environmental Fund
- Stewardship Income Fund
- Stewardship Safeguard Optimiser Fund
- Trust Investments
- Unit Trust Investments
- Unit Trusts & OEICs
- Venture Capital Trusts
Mortgages
oneplan
Pensions
- AVC – Additional Voluntary Contributions
- Best Pension
- Best Performing Pension
- Cashing in Pensions
- Early Retirement Options
- Financial Advice on Pensions
- Pension Advice Process
- Pension Calculator
- Pension Contributions
- Pension Forecast
- Pension Lump Sums
- Pension Performance
- Pension Plan Calculator
- Pension Review
- Pension Services
- Pension Tax
- Pension Tax Relief
- Pension Transfer
- Pension Types
- Retirement Age
- Retirement Calculator
- Retirement Pension Forecast
- What is a Pension Plan?
- What is a Pension?
Personal Insurance
Savings
Sustainovation
Got a question? Ask us online
0800 678 5929
7 Racecourse Road,
Derry,
Northern Ireland
United Kingdom
BT48 7RB
Email: info@principlefirst.co.uk
Principle First Financial Services is a trading style of GMF Marketing Services Ltd. which is authorised and regulated by the Financial Services Authority. Principle First Financial Services is entered on the Financial Services Authority's register under reference number 409667.