Basic State Pension

As you approach retirement you’ll be faced with some of the most important financial decision of your life.   It is highly advisable that you start your preparation well in advance of your selected retirement date. You’ll need to consider your anticipated income in retirement, including your pension and any savings or investment income.  As you

It is envisaged that a total of 8% of a workers salary will end up in a NEST account with the employee paying 4%, the employer 3% with the last 1% coming from government tax relief. A major concern remains over the ability of small firms to pay the extra costs as the economic crisis

Steve Webb, Coalition pensions minister, says workers who manage to put a provision on top of a state pension are achieving something special When Steve Webb was in opposition, he enjoyed a nice office overlooking the River Thames. Once the Liberal Democrat MP made it into power as the Minister of State for Pensions, he

As a pension is considered to be income for retirement, many Britons merrily work and save, safe in the knowledge that this pension fund will keep them secure and comfortable in old age. The BBC has now become the first major public organisation to make large alterations to its existing pension scheme. From now on,

Allowing workers in the public sector to pay lower national insurance contributions despite benefiting from the full pension is costing £6 billion a year according to experts. Workers in the private sector are able to avoid paying the full national insurance because they don’t receive the second state pension at a later date. However, some

Spain is the number one most popular retirement location as experts warn pensioners that living outside the EU could reduce your pension by half Standard Life, a financial services group, released results of a survey that revealed the most sought after retirement locations. Spain topped the list, followed by France, America, Canada and Ireland. Standard

Due to increasing life expectancy, the pension age will be raised much sooner than expected The Office for National Statistics (ONS) released figures which show that the plans to slowly raise the pension age over the next 20 or more years are unsustainable in today’s financial climate. This is because the ratio of workers to

It was claimed last month that payouts of pension schemes will be cut by 25% in a proposed shake-up. This has led financial experts to criticise the government for unleashing a nightmare for millions of citizens. The coalition government without consultation, have decided to ensure that pension scheme payments no longer have to keep up

Rising costs mean that the government will have to increase the pension age to 72 from 65 so that they can keep costs at the same level they were in the previous generation. According to the Pensions Policy Institute (PPI), it is unreasonable for modern people to expect to retire at the same age as

A pension is a steady income, usually given after retirement, and typically made up of a guaranteed annuity. Retirement planning, normally has a design whereby a cash balance is accumulated through various mechanisms, with this cash balance paid out on retirement. Pensions that derive from an employer and benefits the employee are commonly referred to