Can I cash in a drawdown pension?

Can I cash in a drawdown pension- 2020 financial

You’re about to turn 55. On your right is a teetering tower of mortgage repayments, debt and “oh but can’t we just run away to the Maldives?”, and on the left is one heck of a pension pot. We’d hazard a guess that the question “can I cash in my drawdown pension?” is looming at…

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Why are Final Salary Pension Transfer Values so High?

Graph of Defined benefit transfer value Index 2020 - transfer values reach highest level July 2020

The last decade has seen huge numbers of people transfer out of their Final Salary Pension Scheme mainly as a response to soaring pension transfer values over the last few years. Our Pension Transfer Specialist Simon Garber explains why final salary pension transfer values are so high. Final Salary Pension Transfer values are closely linked…

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What is a good cash-equivalent transfer value?

BrandingImagesJuly2020-14.jpg

It’s a question that we are asked time and time again: what is a good cash-equivalent transfer value? The answer isn’t a quick one – in fact, it depends on an enormous number of factors. While recent years have seen an influx of people transferring out of their final salary pension scheme – largely due…

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Final Salary Pension Rules 2021

Final Salary Pension Rules

The last few years have seen some of the biggest changes the pension industry has ever seen. Rules for those with defined contribution pensions have changed almost beyond recognition and so the Final Salary Pension Rules have had to change to keep pace. Final Salary pension rules are different to defined contribution pension rules and…

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How much do i need to retire at 55

How much do i need to retire at 55_Simon garber retirement specialist

Now that you can access your pension from the age of 55, you might be wondering if you can retire early. The Pension Freedom changes may have put early retirement within reach, but can you afford to do it? Exactly how much do you need to retire at 55? The minimum recommended income in retirement is £9,609 a year so…

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How to choose a Financial Advisor

How to Choose a financial advisor_Simon Garber IFA

An Independent Financial Advisor should be looking after your money for both the short and long-term. It’s a relationship that could span decades, so you want to be sure you’re making the right choice. Firstly, get to know them. Ask yourself: Are they legitimate, registered and regulated? Do you like them? Do you like their…

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14 reasons why you need a financial advisor

Do I need a financial advisor_simon garber

Research shows an increasing number of Brits are forgoing professional financial advice, preferring to turn to friends and family instead. Some cite the cost of financial advice, as a reason, others simply don’t know how to find a financial advisor they can trust. Regardless, of the reason, there’s strong evidence that says you need a…

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What is the Pension Protection Fund?

Pension Protection Fund logo

If you’re a member of a defined benefit or Final Salary pension scheme, you might be worried about what happens to your pension if your scheme or employer goes bust. The good news is that in the vast majority of cases your pension will be protected by the Pension Protection Fund The Pension Protection Fund…

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Can I Retire at 55 with £250k? + How Long it Will Last

Financial advisor Simon Garber answering Can I retire at 55 with 300K

It’s the dream. Early retirement. A stack of cash in the bank. An exciting and colourful bucket list of a million different treats to enjoy. But in reality, how much does early retirement cost? How much do you need to have saved? How long will your money last? And can you plan to retire at…

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Can I Retire at 55 with £400k? (+ How Long it Will Last)

Can I retire at 55 with 400k and how long will it last

It’s the dream. Early retirement. A stack of cash in the bank. An exciting and colourful bucket list of a million different treats to enjoy. But in reality, how much does early retirement cost? How much do you need to have saved? How long will your money last? And can you plan to retire at…

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Can I take my private pension and still work?

Can I take my pension at 55 and still work? man enjoying his early retirement

One of the questions we’re asked most often when we’re helping customers with their retirement planning is Can I take my private pension and still work? The good news is you CAN take your private pension at 55 and still work. If you have a defined contribution pension you could access part or all of your…

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How Much Does a Married Couple Need to Retire?

How much does a married couple need to retire -Married couple discussing retirement plans

When it comes to planning a comfortable retirement income it might feel like there’s a lot of guesswork involved for couples. There are many unknowns involved like ‘how much does a couple need to retire in the UK’ or ‘how much money does the average couple need to retire?’ plus a consideration to what the…

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How much does a Final Salary Pension Transfer Cost?

How much does a financial adviser cost?

Transferring your Final Salary Pension to a personal pension arrangement may give you access to a large lump sum and offer you the freedom to invest and spend your pension pot as you see fit, but there can be significant costs and fees involved.  The amount you pay could impact your long-term wealth. So exactly…

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How Much Should I Invest in My Pension? (+ At What Age)

Planning my retirement guide_2020 Financial

You’re young. You’ve finally started earning money. You want to spend it while exploring the world. A pension couldn’t be further out of your mind. Or, perhaps you’re worried you missed the boat. You spent your twenties ignoring your impending future and now your chest fills with dread every time you think of the “P”…

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