Defined Benefit Pensions and the Lifetime Allowance

Defined Benefit Pensions and the Lifetime Allowance

The pension Lifetime Allowance was introduced in 2006 and is the total amount you can build up in pensions savings before incurring a tax charge.   For defined contribution pensions e.g. personal pensions and auto-enrolment company pensions it is easy to work out the...
Where Pension Funds Invest

Where Pension Funds Invest

Understanding where pension funds invest is vitally important, especially when it comes to your own pension, as it allows you to understand what type of risk you are taking.   Your pension investment options will depend on the type of pension you have.  Getting the...
State Pension Tax

State Pension Tax

State Pension tax is another form of tax we will all likely face at some point in our retirement. But what is State Pension tax and how much might you pay? In this article we’ll explain what the State Pension is, how it’s taxed and how you can use other pensions to...
What Pension Will I Get?

What Pension Will I Get?

Knowing the answer to what pension will I get? Is crucial in understanding what sort of lifestyle you will have in retirement.   Will your pension produce enough so you will be comfortable with financial security and flexibility or will you just get by? Maybe you will...
Are Pension Funds Safe?

Are Pension Funds Safe?

Your pension is likely to be one of your most valuable assets and therefore it’s vitally important to ask, are pension funds safe?  When I say safe I don’t mean in terms of investment performance risk, I mean, what happens if your pension provider was to go bust? ...