The UK system was first laid down in the years following the Second World War with a state pension paying a guaranteed retirement income to replace the income of workers who gave up their jobs at the age of 65. Over the intervening years, successive governments have tinkered with the pensions system leaving the … Continue reading A guide to the pension system in the United Kingdom
Everyone needs to know how much money they are likely to receive as a retirement income. The problem is working out the figures is complicated. To make the job easier, here is a list of free and independent online calculators and checklists that are safe and simple to use. They cover everything from how … Continue reading Free online tools for working out retirement income
You may not mind the age gap between you and your partner – but you should think about how those years impact your pension. Age is a big factor in deciding how to spend retirement savings. But many couples approach the issue the wrong way, especially if the youngest partner is a woman. Take … Continue reading Stretching savings to fund the retirement age gap
Most expats would love to take an early retirement in Australia, but few have the financial plans in place to let them live the dream. The result is expats who could afford to retire carry on working, while others give up work too soon and exhaust savings which should last them in to their … Continue reading Retirement planning for UK expats in Australia
Most expats hope to gather enough from their savings and investments to retire early. To help make that life-changing decision about the best time to give up work – and to see if you can afford to so – here are some points that you need to think about. The first step is looking … Continue reading Retirement planning for UK expats
How much a private pension pays is in the control of a retirement saver. The amount depends on the answers to two key questions: How much cash will I need when I retire? How much do I need to save to pay the retirement income I want? There is no right or wrong answer … Continue reading How much will I get under new private pension law?
The British pension system is designed to give retirement savers choice over how they put money aside for their retirement. The options often depend on how a saver is employed and who they work for. Although everyone can qualify for a state pension, retirement saving is offered in several ways and some savers have … Continue reading What are the main British pensions?
Self Invested Personal Pensions (SIPP) are popular with retirement savers who want to take control of their investments. UK personal pensions limit the choice of investments to a list of approved funds looked after for the saver by a professional manager. With a SIPP, the saver can opt for managed funds or take full … Continue reading How much will my SIPP pension pay in retirement?
Moving overseas and starting a new life as an expat in an exotic location is exciting. The first few weeks or months are a honeymoon period and the thrill of exploring a new home is enthralling and sometimes expensive as you act like a tourist rather than a seasoned Brit abroad. It’s worth setting … Continue reading Retirement planning mistakes made by expats
IFAs and pension providers talk up the benefits of pension transfers – but is changing horses so close to retirement worthwhile? Moving pensions is only worthwhile if you are achieving some financial objective and sometimes consumers must weigh up the cost of switching against the benefits. If you feel that moving your pension might … Continue reading Reasons for transferring a pension – and one why not