Pensions

Plan ahead for a singular retirement

Moneywise explains the key issues you need to consider if you’re retiring on your own.

Pensions made simple with PensionBee

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  • Combine your old and lost pension pots into one online plan
  • Take complete control and have 24/7 access to your pension balance
  • Your own dedicated BeeKeeper (account manager)
  • Make withdrawals online from the age of 55

Pensions tax relief must be overhauled, says RSA

Thursday, 19 April 2018 | News

A new report from the Royal Society of Arts (RSA) is calling for an overhaul of the tax relief offered to savers paying money into a pension in order to help tackle low levels of retirement saving among the self-employed.

Two in five over-55s worry about cash running out in retirement

Tuesday, 17 April 2018 | News

More than four in 10 over-55s are worried their money will run out in retirement.

Financial planning no woman can afford to ignore

Monday, 16 April 2018 | Article

With gender pay gaps very much in the news, and women often taking career breaks to care for children or elderly parents, it’s vital for women to take control of their financial planning.

Retirees could lose out after underestimating life expectancy

Monday, 16 April 2018 | News

Brits may not be saving enough for retirement because they are underestimating how long they will live.

Retirees spend more than £4,000 a year supporting their families

Friday, 13 April 2018 | News

Pensioners are placing increasing pressure on their retirement plans and income by financially supporting up to three generations of their family, according to research from Prudential. 

Is my wife entitled to tax relief on a pension if she doesn’t work?

Friday, 13 April 2018 | Question and Answer

The first thing to know is that anybody can pay as much money as they want into a pension.

Beware of emergency tax codes on pension withdrawals

Tuesday, 10 April 2018 | News

Over-55s planning to make an ad hoc withdrawal from their pension this year are being warned that they could be stung with an even heftier tax bill than they had expected.

How will my state pension be affected by having contracted out?

Tuesday, 10 April 2018 | Question and Answer

Under the old state pension system, it was possible for a pension scheme to be “contracted out” of the state second pension (previously known as SERPS).

Parliamentary committee calls for ‘default fund’ at retirement

Thursday, 05 April 2018 | News

A new report by the Work & Pensions Select Committee is proposing the creation of a ‘default decumulation pathway’; in other words, a default investment fund for those who do not make their own investment choices. 

Pension dashboard back in the spotlight

Thursday, 05 April 2018 | News

In a new report, the Work & Pensions Select Committee has urged the government to introduce an industry-funded pensions dashboard by April 2019.