Are you confident about your retirement plan?
A recent study by Standard Life has shown that less than one in 10 of those aged over 65 feel confident about managing their retirement finances.
Retirement is of course an uncertain time for many people, whether financially or simply the trepidation of entering the unknown and perhaps not knowing how you might spend your...
How much do you need for a ‘comfortable’ retirement?
UK residents need at least an extra £26,000 in addition to their State Pension to live a ‘comfortable’ lifestyle during their retirement, according to recent data.
The research was carried out by Standard Life, which used the MoneyHelper annuity tool from www.moneyhelper.org.uk to work out how much people would need in their pension pot to...
The early bird gets the pension payout
We have said it before, but it’s never too early to start planning your retirement – research released this week has shown those who save into a pension in later life will be significantly worse off, despite earning a higher salary.
Analysis by Standard Life found those who started pension savings between the ages of...
Don’t put pension planning on the back burner
Assurances have been made that the State Pension age is ‘unlikely’ to rise to 68 years-old but the ongoing speculation does bring into focus the need to have a clear understanding of the issues and to plan for retirement.
The current age is 66 and the Work and Pensions Secretary recently said in parliament it...
Pension customers ‘overpaying’ thousands in temporary tax
Those who have made flexible withdrawals from their pension pot could have paid thousands more in tax than they should have done – if only temporarily.
New figures show the ‘temporary overpayment’ is more than £1billion since 2015 and £48million in the first three months of this year alone.
HM Revenue and Customs (HMRC) will repay...