Transfer Your Final Salary Pension For Cash

Hundreds of thousands of savers with “final-salary” pensions, which are considered the Gold status of company pensions, are planning to trade in their future guaranteed income for a cash lump sum. It is estimated that as many as 10pc of the 3.7 million private sector...
Scrapped 55 percent death tax charge

Scrapped 55 percent death tax charge

The Chancellor announced on Monday 29 September 2014 that from April 2015 individuals will have the freedom to pass on their unused defined contribution pension to any nominated beneficiary when they die, rather than paying the 55% tax charge which currently applies...
17,500 – comfortable retirement amount per annum

17,500 – comfortable retirement amount per annum

The perfect annual income (comfortable retirement amount) during retirement is £17,500, according to a new study, based on workers’ modest expectations of life after the office. The study suggested that the key requirements for a happy lifestyle in retirement...
A rise in post budget pension enquiries

A rise in post budget pension enquiries

There has been a surge in pension advice enquiries Post Budget 2014. The diversity of potential products available post-retirement was encouraging people to seek advice. Credencis say: “Annuities remain an inflexible solution, and you no longer own your pension pot....