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 large percentage of your income come from savings and investments then this “income” could not be used to calculate the maximum amount which you could invest in a personal pension plan.

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 are under the illusion, or simply don’t recall, that you cannot simply take all the funds accumulated under your pension plan out in one go.

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