Welcome to our comprehensive pension information centre, the perfect starting point for your journey into understanding and managing pensions. With distinct sections on Managing Pensions, Pension Basics, Pension Benefits, Pension Advice, and Types of Pensions, we provide you with detailed insights into every facet of pensions.
Whether you're a novice looking to grasp the fundamentals or an experienced individual searching for advanced information, our resource is for everyone. Navigate the complexities of pensions, understand their numerous benefits, get insights on pension management, and explore the different types available. Embark on this educational journey with us, as we aim to empower you to make informed decisions for a secure retirement.
All your pension questions answered
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In most cases you can take money from your private pension to buy a property. This is because from the age of 55 you can generally take as much or as little money as you like from a private pension. Whether or not it’s the right thing for you to do depends on many factors...
Can I take money from my private pension to buy a property?
The new pension rules have made it possible to leave your fund to any beneficiary, including a child, without paying a 55% ‘death tax’. Many people want to leave their assets to their family when they pass, and a pension is now a tax-efficient way to do this.
They are not considered part of a person’s...
Can you leave your pension to your partner?
It’s very common to not think too much about your pensions until later in life. Even after years of making contributions and the hard work you put into saving, old pension schemes can he hard to keep track of.
Forgetting about old pension is so common in fact, that it has resulted in nearly £20bn remaining...
How do I find my pension?
This is a simple idea that really works well. And, whilst sacrificing anything sounds rather painful, it’s actually the polar opposite! With salary sacrifice, you voluntarily give up part of your gross salary before tax in exchange for a non-cash benefit, such as a pension contribution. Your employer then pays the contribution to your pension...
What is salary sacrifice?
Retirement planning is essential for being as financially comfortable as possible during later life. It doesn’t matter whether you’re 20 or 50, everyone should be thinking about how to prepare for retirement. It’s not just a matter of saving as much money as possible, it’s about being financially savvy and in the know! As the...
The power of planning ahead
Not all pensions are the same. Modern, properly tailored schemes will generally out-perform old, unmanaged plans. And pension performance matters because it affects how much money you will have in your pot when you need it. More money generally means more options and more freedom when it comes to your retirement plans.
What can affect pension...
Why pension performance matters
Any withdrawals you make from your pension savings are seen as income and are therefore taxable. All except for the first 25% which is tax-free. So, what happens with the rest?
How are my pension withdrawals taxed?
After you’ve taken your tax-free cash, any further withdrawals are subject to income tax at your marginal rate. This means...
I’m taking my 25% tax-free lump sum, how will the rest be taxed?
Many people avoid thinking about retirement until it is just around the corner, but this could mean missing out on tens of thousands of pounds. Whether it is just five years away or 50 years away, we should all be saving for our later life income. Here are six things to try and avoid.
1. Opting...
6 mistakes that could leave you worse off in retirement
Pension drawdown is a way of taking money from your pension, either as a regular income or as one-off payments as and when you need them. With pension drawdown your savings are invested and the amount of money in your pension depends on how these investments perform. You have complete ownership and control of your...
What is pension drawdown?
Being made redundant is generally a stressful and worrying time. And while managing day-to-day finances and finding a new job will no doubt be top of your list, it helps to know where you stand with the rest of your financial commitments, including your pension.
How redundancy affects you and your workplace pension very much depends...
What happens to your pension when you are made redundant?
Understanding annuities: a comprehensive guide to retirement income
Inflation, pensions, and gilts
Pros and cons of consolidating your pensions
Pension Access is a trading name of Harbour Rock Capital Limited which is registered in England & Wales as a Limited Company, No. 10290349. Authorised and regulated by the Financial Conduct Authority, No. 754580. Registered Offices: Affinity House, Beaufort Court, Sir Thomas Longley Road, Rochester, Kent, ME2 4FD. Telephone: 0800 304 7600. Email: pensionaccess@harbourrockcapital.co.uk
Your FREE information pack contains all the information you need to make an informed decision on wheter or not taking tax free cash from your pension is right for you.
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Note: We are unable to advise on the state pension or any pension you are already taking an income from.
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What's in your info pack?
Taking pension money early isn’t right for everyone because it could leave you with a lot less to live on in retirement. That’s why it makes sense to talk with a regulated financial adviser first.
There is no obligation at all and if you choose to get a check of your pensions then we also include a pre-paid envelope and a consent form so we can access details of your pensions.
Your FREE information guide contains all the information you need to make an informed decision on whether or not taking tax free cash from your pension is right for you.
We're on hand in case you have any questions, and we aim to make the process of withdrawing cash from your pension as simple as possible.
We are regulated by the Financial Conduct Authority so you can rest assured that any advice we give will be based on your best interests.
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