Tag: annuity
10 Good Reasons to Pay into a Pension this Tax Year
Tax relief and a tax free growth environment are powerful incentives to make a pension contribution at any time. Higher rate taxpayers using their full £50,000 pension annual allowance can convert a £20,000 tax bill into their own retirement savings. But, as the tax year end approaches, we’ve identified 10 good reasons to pay into [...]
Read more55-64 year olds’ retirement plans up in the air
More than 2.1 million British adults aged between 55 and 64, around 44% of non-retired adults in this UK age group, do not know when they will be able to retire, according to recent research (August 2012) published by Baring Asset Management (Barings), the international investment management firm. The study found that nearly two fifths [...]
Read moreState Pension Reforms
Restructure of S2P The rules for the additional State Pension are changing. In the future, it will become a simple, single rate, weekly top-up to the basic State Pension. For people earning £5,564 or more a year or getting credits for state additional pension, it will start to build up at a flat rate of [...]
Read moreFinancial Advice boosts Retirement Income
There are two ways to arrange your financial planning, the DIY approach or using an Independent Financial Adviser (IFA). It has never been easy though to quantify whether the DIY or buy clomid advised route is more successful, but a new report offers some valuable insights. The report, which is part of the Value of [...]
Read moreDiagnosed health conditions and access to higher pension income
According to MGM Advantage, in a study conducted by Research Plus with 2,086 UK adults aged 55+ (published in December 2011), 60% of people aged 55 and over have received medical treatment for conditions which would qualify them for an enhanced annuity, and yet 72% are unaware that certain lifestyle or medical conditions could qualify [...]
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