A leading government think tank is proposing pension savings that are not ‘locked away’, perhaps by combining pension savings and ISAs, which could then be left to your children free of tax. Click on headline to read more.
Posts Tagged ‘Northern Ireland IVA’
Pension Savings – new ways proposed by Think Tank
Tuesday, June 15th, 2010State Pension changes penalise women
Friday, March 5th, 2010Women turning 60 and claiming their basic state pension before April 6th stand to lose up to £20,000 of retirement income, compared to women turning 60 later this year. New rules that will apply after 6th April significantly relax the requirements to receive the full basic state pension for women.
Larger pensions for men retiring this year, says Prudential
Tuesday, February 16th, 2010
Men retiring this year will have pensions two-thirds larger than women in the same position, according to Prudential. The average pension income for a man taking his pension in 2010 will be £19,593 per year, compared with £12,169 per year for a woman.
Pensions and pension annuities: information still flawed, says ABI
Monday, December 14th, 2009Providers of pensions and annuities need to improve the quality, clarity and timeliness of the information they provide to consumers who are about to retire, according to The Association of British Insurers (ABI) in a statement.
The ABI has urged pensions providers to make greater efforts to remind savers of their right to ‘shop around’ when purchasing their pensions annuity, and assist them to maximise their retirement income.
How much will you get from your pension annuity? Insurers now check where you live
Monday, December 14th, 2009
Your annuity income in retirement may now be decided by where you live. Four of the nation’s largest insurers are using locational information to predict the probable longevity of customers seeking a pension annuity.
Consumers should avail of retirement income protection – Aegon
Tuesday, November 24th, 2009More UK consumers are insuring household goods at the expense of securing their income in retirement, according to UK pensions and life insurance provider Aegon.
New research* by Aegon has shown that 98% of UK users of insurance buy cover relating to mobile phones, holidays and pets, but have not considered a retirement income protection product which provides a guaranteed minimum pension income. The research showed that nearly a quarter of people (24%) pay more than £1,080 per year on the above insurances, while at the same time leaving their pensions income at the mercy of stock market volatility, Aegon said.
Pension income: The shrinking balloon
Tuesday, August 11th, 2009As people aspire to retire earlier, and yet more healthy lifestyles mean that we are living longer, our retirement needs are undergoing an evolution so radical that some would term it a ‘revolution’.
Boost your pension: Plug the gaps in your NI contributions
Thursday, July 23rd, 2009Are you recently or soon-to-be retired, but not eligible for the basic State Pension due to just a few years of missed National Insurance contributions? It is now possible to render yourself eligible again, by ’plugging the gaps’ in your National Insurance record. Since April 2009, you can ‘buy back’ up to six years of additional National Insurance contributions [...]
Planning your personal pension
Friday, July 17th, 2009The latest budget poured a bucket of ice water over the enthusiasm of most private companies for company pension schemes. It certainly seems likely that, in future, the onus will be on the financially aware individual to look after his own pension provision. This raises the prospect of planning and setting up a personal pension [...]
Pension advice: Starting a pension
Thursday, May 14th, 2009There are no short cuts to building a decent pension. Start early, and save hard. The basic state pension is less than £5,000 a year, and with the average retirement now spanning 20 to 30 years, there has to be more cash ‘in the pot’. For a full pension, a woman must have 39 years [...]
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