Pension Questions

[...] [...] The post GM is Converting Company Pensions to Annuities or a Lump Sum appeared first on Pension Questions. [...]

[...] pot to provide a [...] The post Should You Take the Pension Lump Sum appeared first on Pension Questions. [...]

[...] £20,000, Nest found. Based on [...] The post Auto-enrolment Starts Here appeared first on Pension Questions. [...]

[...] to be [...] The post 8% Workplace Pensions Contribution is Not Enough appeared first on Pension Questions. [...]

[...] lows this week, as Standard Life cut its annuity rates by 5pc, knocking £250 a year off the income from a £100,000 pension pot. The annuity crisis [...]

[...] retirement.) Because women tend to live longer than men insurers have offered them lower annuity rates. In other words, they get less income per £1,000 they’ve saved because the insurers reckon [...]

[...] by those with private pension policies when they convert their accumulated funds into income. Annuity rates determine the amount of pension income that can be bought with this private pension pot. The [...]

[...]         Annuity Rates have been declining but now appear to be accelerating downward, partly due to the Bank of [...]

[...]         Babies born this year will not get their state pension until the age of 77 – and their own children will have to wait until they are in their [...]

[...]         Could you live on the State Pension Citywire tried to find out: Greg Kingston (pictured) is one of a group of 100 employees at [...]

[...] added to the new state pension of £144 a week or £7,488 a year, the annuity would bring your income to the £16,400 threshold. [...]

[...] much you need to save each month to get a £20,000 income in retirement. We assumed that the state pension will be a flat-rate £140 a week, as proposed by Iain Duncan Smith, which is £7,280 [...] [...]

[...]         ITV News has asked how much pension payouts will be with a Workplace Pension. What is behind the political spin and sales hype of ‘the biggest pension boost in 100 years’ [...]

[...] safe, they will be deterred from saving. The average Briton saves almost £300 a month in a workplace pension, comprising both personal and employer contributions as well as tax relief from the [...]

[...] enough for retirement. Automatic enrolment will reverse this trend as millions will have a workplace pension and could double their private pension income, on top of a reformed state pension.” Auto- [...]

[...] ? What is going on? From 1 October, the Government will be introducing auto-enrolment into workplace pension schemes, and compulsory employer contributions, for those meeting set criteria. The largest [...]

[...] hit an elite minority: being able to build up a £1.25m pension fund is enough to generate a retirement income of £55,000 a year; or £1,000 a week, less tax. And the reduction will not stop people [...]

[...] income, compared with 61% in the average OECD country. Workers are confused about what their retirement income will be; a survey by the Department for Work and Pensions found that 63% agreed with the [...]

[...] people saving adequately, defined as putting by at least 12% of their income or expecting a retirement income from a final salary pension scheme, had dropped by five percentage points since last year [...]

[...] tax-free lump sum from a final-salary pension could be throwing away thousands of pounds of retirement income, a Money Mail investigation has discovered. Taking a tax-free lump sum has traditionally [...]

[...] to take 25% tax free, this article from CityWire explains the pros and cons of taking a pension lump sum. One of the big benefits of pensions is the 25% tax-free cash lump sum that you are allowed [...]

[...] to take 25% tax free, this article from CityWire explains the pros and cons of taking a pension lump sum.   One of the big benefits of pensions is the 25% tax-free cash lump sum that you are [...]

[...] mortgage or other big debt; Want to pay for the holiday of [...] The post Should You Take a Pension Lump Sum? appeared first on Pension Questions. [...]

[...] The Chancellor has reduced the lifetime and annual limits for tax relief on pension savings. This will however only hit the wealthy with pension savings of £1.25m. The average pension [...]

[...] can be complicated so it is best to try and understand how best to benefit from your pension savings:   An annuity pays a guaranteed income for life and is mainly used by those with private [...]

[...] of the money that has grown inside the plan. Of course, the remainder of your pension savings is subject to income tax. But although it feels good to get your hands on your tax- [...]

[...] can be complicated so it is best to try and understand how best to benefit from your pension savings:   An annuity pays a guaranteed income for life and is mainly used by those with private [...]

[...] With so many other commitments young people are not prioritising pensions. The PQ pension advice is to calculate what income you think you can live on in retirement, net off the state [...]

[...] PQ Pension Advice: Beware Labour pension Plans Labour is to consider a plan to reduce tax relief on pensions [...]

[...] PQ Pension Advice: Tackle your interest only mortgage now The Financial Conduct Authority (FCA), has found [...]

[...]               PQ Pension Advice: Ensure your NI contributions are up to date to ensure you at least get a state pension, if [...]

[...]         Workplace pensions are launched, but can people afford it, and will they save enough? Around 600,000 people [...]

[...] guaranteed income when they retired. Millions of savers have seen the value of their workplace pensions fall because of stock market turmoil and the Bank of England’s policy of printing [...]

[...] before time say experts A landmark scheme to automatically place millions of people into workplace pensions is now under way, with many workers saving for their future for less than the cost of a [...]