by hollyelaine | Apr 2, 2020 | Archive
Auto Enrolment Requirements of new pension regulations pertaining to auto enrolment From 2012 these changes have affected every employer in the UK and offers solutions on how to prepare, implement and manage employer duties associated with the new law. Following...
by hollyelaine | Apr 2, 2020 | Archive
Auto Enrolment Facts For many years the Government has looked at ways to encourage the UK workforce to save for their retirement. There have been several changes to pension legislation but none as big as the Pension Act 2008 and the Pension Reforms that will affect...
by hollyelaine | Apr 2, 2020 | Archive
Death Benefits of Annuities Annuities have a new tax treatment on death: If death occurs before age 75, any beneficiary can receive income payments tax free. If death occurs after age 75, any beneficiary can receive income payments at their marginal rate of tax. If...
by hollyelaine | Apr 2, 2020 | Archive
Advantages and Disadvantages of Annuities Advantages N It pays you an income which cannot go down in value (only conventional/enhanced/impaired annuities) N Income is paid until you die – not for a limited period N Income will never run out in your...
by hollyelaine | Apr 2, 2020 | Archive
Annuity vs Income Drawdown Rates Drawdown Rates The following tables in the adjacent tabs assumes a pension fund of £100,000 net of the £33,333 taken as a tax free lump sum from an original fund of £133,333. The highest annuity rates are on a standard single life,...
by hollyelaine | Apr 2, 2020 | Archive
Variable Annuities Variable Rate Annuity - What is it? This is an annuity which is linked to the performance of investments. It is attractive to retirees as it can mean a potential increase in income each year, as the performance of their investment improves. This...
Recent Comments