There might be Inheritance Tax on a pension if you die within two years of transferring the pension from one scheme to another. This can cause a large unexpected tax bill for your loved ones who inherit your pension. What’s more, the Inheritance Tax calculation is...
Since April 2011 employees cannot be forced to retire from their job meaning you could still be working and receiving a pension. Working and receiving a pension doesn’t reduce the amount of pension you are entitled to but it can require a bit more tax...
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...
When Can You Take Your Pension? When can you take your pension? This was a question I was asked by a client this week as we met for a review and were plotting their retirement plan. Like most things in finance the answer is not straight forward. But knowing when and...
Retail group John Lewis has recently announced that it will end all links to final salary when it comes to its pension scheme. This has come as a bit of a surprise to some as John Lewis has a reputation for being one of the best employers in the UK. However, is it...
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