Pensions

Change in Personal Pension Retirement Age – Act NOW!

I wrote in a previous article about the change in pension retirement age for personal pension plans from age 50 to 55. When does the change come into effect? This change comes into effect on 6th April 2010. You may need to take action before that date if you’re aged between 50 and 55 and wish to take pension benefits BEFORE you reach age 55. Failure... [Read more of this review]

Personal Pension? – Minimum Retirement age 55 from 6th April 2010!

Current Personal Pension Minimum Retirement Age is 50 Did you know that, if you’re lucky enough to be in the position, you can at present take your personal pension benefits from age 50? Increasing to 55 from 6th April 2010 The rules are changing though – from 6th April 2010 the minimum age for taking personal pension benefits is increasing... [Read more of this review]

Pension Planning for Non-Earners

Many people assume that a personal pension plan is only available for those people who are in paid employment. Historically this was the case as there was a need to be in receipt of “net relevant earnings” in order to qualify for pension contributions. This income had to be “earned” income – so if for example you had a... [Read more of this review]

How to Maximise Pension Income in Year One

How to Access in Excess of 25% of Your Pension Fund Today Many people often ask about “cashing in their pension plans”. Unfortunately many people seem to believe for one reason or another that you can take all your money out of a personal pension plan n in one go – this simply isn’t the case. Under current rules, an investor... [Read more of this review]

Instant Returns on Pension Contributions

Instant Growth of 36.36% on Your Money In the current investment market there is very little opportunity as far as most people can see it to make a decent short-term return on your money. There is however a nice tool which can be used to generate an immediate return of 36.36% on your money invested. This tool is a personal pension plan – the plan... [Read more of this review]

Personal Pension Plans – an introduction

Personal Pension Plans One popular method of saving for retirement is to use a “personal pension plan”. This is a tax-efficient savings vehicle for building a fund from which to take a lump-sum and/or income in retirement. It offers a number of tax benefits which will be covered later in this article. What is a Personal Pension? A personal... [Read more of this review]

State Pension – how much will YOU get?

The State Pension is provided to those people who have made or been credited with sufficient National Insurance contributions during their working lives. When do I get my State Pension? State pension age is currently 65 for men and 60 for women, however, changes in legislation have been introduced to equalise retirement ages for both men and women to... [Read more of this review]

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