Fathom Financial

[...] accumulated pension wealth. 1. Wealth transfer vehicle Retaining pension wealth within the pension fund and passing it down to future generations is an extremely tax efficient estate planning [...]

[...] of payments,” says Hargreaves Lansdown. In other words, if Tim dies aged 85 he can pass his pension fund to Catherine, then aged 55, and so long as she keeps it within a pension, she will only pay [...]

[...] . Only in the case of someone who is a higher-rate taxpayer throughout does the value of the pension fund, £207,300, fail to match the Isa. But the pension fund can be inherited tax-free if the money [...]

[...] contributions. The tax benefit of making pension contributions is that HMRC adds tax to the pension fund of contributions made by individuals, and for higher-rate tax payers there is also a reduction [...]

[...] crisis, who can drive the much-needed construction programme? One source of finance would be pension funds. US and European funds invest significant sums in residential housing, receiving inflation- [...]

[...] Snowdon, warned that this success had led the liberators to evolve and switch tactics, moving pension funds into investments held in Sipps and SSASs. ‘Typically these [investments] promise stellar [...]

[...] trapped as the industry struggles to keep up with demand. As much as £3.7 billion of pension funds could be ‘in limbo’ by next April as those at, or coming up to, retirement age hold [...]

[...] Britain’s biggest pension funds warn the Treasury of severe delays to George Osborne’s flagship pension reforms Savers will be [...]

[...] Many people using new freedoms to withdraw pension savings will be taxed at 45 per cent – even if they are withdrawing as little as £20,000 Savers who [...]

[...] A shocking 85pc of women fail to consider pension savings in divorce settlements Almost 85pc of divorced women are failing to consider pensions as part [...]

[...] yourself off as offering official government advice to con people who want access to their pension savings. In addition, legitimate firms are going to be out there trying to help people navigate the [...]

[...] announced in his Budget, under which he scrapped rules that force most Britons to use their pension savings to buy an annuity. At the time, ministers emphasised that pensioners would be able to draw [...]

[...] the necessary assessment. It takes time.” Companies have to search for the right advice and pension provider, assess their workforces, determine contribution calculations, check terms and conditions [...]

[...] by the time they retire, according to research carried out for The Mail on Sunday by pension provider NOW: Pensions. The minimum contributions are worked out on ‘qualifying earnings’, a band set [...]

[...] are studying the case for a new charge cap on pension products offered to savers by their pension provider to replace annuities. “Labour is on the side of people who work hard, save and do the right [...]

[...] can be based on is £36,093 (£41,865 minus £5,772) for the 2014/15 tax year. The pension provider said somebody earning £27,000 a year, over a 40 year stint, basing auto-enrolment [...]

[...] The number of eligible employees participating in a workplace pension declined to 11.7m (58 per cent) in 2013 from 12.3m (65 per cent) in 2003, department for [...]

[...] The number of UK eligible employees joining a workplace pension fell by some 600,000 between 2003 and 2013, but numbers have since grown by almost 1 million [...]

[...] will be left with nothing for retirement Employees are to be banned from cashing in their workplace pension pot if they quit their job after less than two years, ministers have announced. While much [...]

[...] regulator, some firms are planning to replace commission – which will be banned for workplace pension schemes from April 2016 – with other forms of member-borne remuneration. The FCA says [...]

[...] investment management firms will find themselves unable to compete on price as advisers and pension providers also look for a cut of the lower charge. The danger is that many savers will end up with [...]

[...] their annual allowance. It will then be up to individual savers to contact all their other pension providers telling them they have accessed the freedoms under another scheme. Those who do not risk [...]

[...] be best advised to seek regulated advice from an independent financial adviser. In time, pension providers and investment companies may develop offerings that fulfil the promise of pension freedom at [...]

[...] Treasury scraps rules forcing savers to contact all pension providers when using new Budget freedoms. The government has scrapped rules that would have required  [...]

The National Association of Pension Funds and the Pensions Management Institute are to begin talks over the possibility of merging. The National Asso [...]

[...] for a con person with a get-rich-quick scheme,’ she says. The concerns over the pension reforms (see box, below) have been widely voiced in the City. Tom McPhail, head of pensions [...]

[...] cash. A study of the over-50s revealed one in seven was planning to take advantage of pension reforms to cash in their retirement savings – and of these, one in seven also plans to give at [...]

[...] less than £10,000 a year, compared with 20pc in 2008. The Government has introduced pension reforms, in the form of “auto-enrolment”, which will get millions of people saving into [...]

[...] one on April 6 next year you may be in for disappointment. The first problem is that not all pension firms will offer the new flexibilities. They are currently under no obligation to do so, any more [...]

[...] . Pensions Minister, Steve Webb, commented, “the simple stand-out fact for me is that pension firms can apply 38 different charges, 38 different ways to take money out of your pension.” [...]

[...] to use their pensions like a bank account in April are going to be very disappointed, as pension firms are simply not going to magically transform over the next five months.” Alan Higham of [...]

[...] The move to bring down charges for pension savers is no bad thing. But while the new 0.75% pension charge cap – set to come into force next [...]

[...] said. This means that over the next four years, the DWP expects the number of pension savers across all industry sectors to climb further. Original Source: http://www.theactuary. [...]

[...] ? The changes will see many behavioural changes on how benefits are taken. Currently, some pension savers delay taking their tax free cash until 75 to escape the 55% tax charge on crystallised funds. [...]