You can still pay into a pension after taking a lump sum and it won’t cost you anything in taxes providing you do it the right way. Most modern day pensions, known as defined contribution pensions allow you to take 25% of the total pension value as a tax free lump...
What happens to your pension when you retire will depend on what type of pension you have. Usually, nothing happens immediately and you have the choice as to when you take your pension and how you use it. In this article, ‘retirement’ assumes you are above minimum...
On the face of it, transferring a defined benefit pension for an annuity would seem like a bad idea. After all, a defined benefit pension is one that will pay you a secure income for life, the same as an annuity and are generally more generous. It usually takes a much...
If you are trying to get defined benefit pension advice you might struggle. I’ve written before about why it’s nearly impossible to transfer a defined benefit pension. The rules and regulations are now so tough for Financial Planners, leading to very high...
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...
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