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Pensions: what to do with a 25% lump sum
The tax-free lump sum when you first draw you pension could be worth many thousands, so you need to use it wiselyAs a reward for diligently saving in a pension scheme throughout your working life, the...
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Annuity rates rise but reprieve may be short-lived
Potential yields from pension pots have risen, but talk of an upward trend is prematureThere was a sliver of good news this week for older people: retirement incomes for new pensioners have risen for...
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Should you use an Isa to save for retirement?
With poor annuity rates taking their toll, some basic-rate taxpayers are looking at Isas instead of pensions for a decent retirement incomeYou know you should save for your retirement – but is a...
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Cost of a £5,000 retirement income rises 29%
ONS figures show that falling annuity rates mean the cost of retirement is rising rapidlyThe amount of money a man of 65 needs to have accrued in his pension fund to buy a £5,000-a-year retirement...
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The pensions system has failed – what is the answer?
Poor investment returns and dreadful annuity rates mean the outlook for defined contribution pension schemes is appallingTwo figures stunned me this week. The first was on Tuesday morning from the...
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Retirement income almost 40% less than working wage for new pensioners
HMRC data show average UK income falls, from £19,000 in work to state and private pension pot worth just £11,600UK workers can expect to see their incomes plummet by more than a third when they reach...
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Self-employed suffer £90,000 pensions shortfall
Self-employed workers without access to a company pension scheme miss out on employer pension contributions of £2,232 a year, a survey showsSelf-employed people are missing out on a pension boost of...
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Mortgages, savings, pensions: is it all change for interest rates?
We look at whether interest rate movements behind the scenes are good or bad news for savers, those retiring, and people looking for a mortgageThe Bank of England base rate has been stuck at 0.5% for...
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Annuity rates knocked back again
Mark Carney's announcement on interest rates delivers blow for pension savers who were holding breath for annuity risePension savers approaching retirement have been dealt a blow as hopes of rising...
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Plunging annuity rates mean rough ride for pension savers
With returns stuck in a downward spiral, those approaching retirement face a difficult investment decisionPension savers near retirement are being urged to consider putting the brakes on committing...
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Annuity payouts are a postcode health lottery
We look at the frightening figures that reveal where you live determines how much your retirement income will beMove north if you want a better pension. Someone retiring to Blackpool will receive 6%...
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FSA launches review of pension annuity market
Financial Services Authority to look at whether older people are at a disadvantage for not seeking out competitive productsThe Financial Services Authority has launched an investigation into the...
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Annuities – what are they, where do you get one and is there an alternative?
As you reach retirement you need to start thinking about what you will live on when you no longer receive an income from work. Anyone who has built up a pension can take up to 25% as a tax-free lump...
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Annuities v drawdown
Both pension options allow retirees to take up to 25% as a tax-free lump sum, but thereafter they work in different waysWhen you retire, your private or company pension doesn't magically transform...
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Retiring in 2013
Annuity? Drawdown? Take your state pension now or defer it to later? We do the retirement sumsIf you're planning to give up your day job in the next 12 months, there are a number of things you need to...
View ArticleClik here to view.
Pensions: what to do with a 25% lump sum
The tax-free lump sum when you first draw you pension could be worth many thousands, so you need to use it wiselyAs a reward for diligently saving in a pension scheme throughout your working life, the...
View ArticleClik here to view.
Annuity rates rise but reprieve may be short-lived
Potential yields from pension pots have risen, but talk of an upward trend is prematureThere was a sliver of good news this week for older people: retirement incomes for new pensioners have risen for...
View ArticleClik here to view.
Should you use an Isa to save for retirement?
With poor annuity rates taking their toll, some basic-rate taxpayers are looking at Isas instead of pensions for a decent retirement incomeYou know you should save for your retirement – but is a...
View ArticleClik here to view.
Cost of a £5,000 retirement income rises 29%
ONS figures show that falling annuity rates mean the cost of retirement is rising rapidlyThe amount of money a man of 65 needs to have accrued in his pension fund to buy a £5,000-a-year retirement...
View ArticleClik here to view.
The pensions system has failed – what is the answer?
Poor investment returns and dreadful annuity rates mean the outlook for defined contribution pension schemes is appallingTwo figures stunned me this week. The first was on Tuesday morning from the...
View Article