Search Results for: drawdown pension

Pensions

A Guide To Income Drawdown Pensions

Changes introduced by the UK government in April 2015 gives people more choice over how and when they can take money from their pension pot. We strongly advise people to take the time to fully understand the options to them and get advice from a professional to ensure the decisions you take now will provide...

Annuity v. Income Drawdown: Will Your Pension Last?

Annuity v. Income Drawdown: Will Your Pension Last?

  Last year in the UK, substantial changes came into effect with regards to pension payouts. At the age of 55 or over, you can now use your pension pot as you see fit – without the previous limitations based on the amount you have in it. Those who have retired can now choose to withdraw...

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A Beginners Guide To Annuity Pensions

An annuity is a type of retirement income product that you buy with some or all of your pension pot. It pays a regular retirement income either for life or for a set period. How much you get is determined by the interest rate the annuity provider offers. Annuity pensions were previously the only option...

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A Simple Guide To Earning 100% Of Your Salary As A Retirement Pension

We’ve all heard of “final salary pension schemes” – most often enjoyed by public sector employees and those who have worked for large corporations for a long period of time. The common misconception is that these pensions are simple and very generous – the pension you receive when you retire is the same as the salary...

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A Simple Guide To Pensions In The UK

  For the average person in the UK, the world of pensions can be very confusing. In this article we’ll cover the basics and give you a solid grasp of the options available to you today. No matter how they’re structured, all pensions have the same objective – to help you save your income and provide you...

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How To Retire A Millionaire On Just A £27,600 Per Year Salary

  As of 2015, the average salary in the UK was £27,600. Most people hope or expect to have an annual income of £12,590 after they retire. That is what they believe they can comfortably live on after retirement.   First the bad news….   By the time most people reach middle age, they have...

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