Posts by Simon Garber
Can I Transfer my Final Salary Pension?
As Final Salary Pension Transfer Specialists, we’ve seen an increase in demand for Final Salary Pension Transfer since the change in Pension rules came into force. Pension transfer is a complex and risky business that isn’t right for most people. Rather than “Should, I transfer?” We’re often asked “Can I transfer my Final Salary Pension?” and the…
Read MoreHow Much Does a Financial Advisor Cost?
If you’re looking for financial advice you might be confused about how much Financial Advisors charge. Maybe you’re comparing charges and struggling to find a baseline and now you’re left wondering ‘How much should I pay a financial adviser?’. Nobody wants to pay more than they should, but it’s hard to work out how much…
Read MoreLifetime Allowance and Final Salary Pensions
If you are considering transferring your Final Salary Pension, one thing you should make sure you are aware of is the Lifetime Allowance (LTA) and how it might affect you. What is the Lifetime Allowance? The Lifetime Allowance (LTA) is a limit on the value of payouts from your pension schemes that can be made without triggering an…
Read MoreDo I Need a Financial Advisor for My Pension?
The increased choice and flexibility for accessing your pension in the UK has brought with it added responsibility and risk. Many people are now also questioning whether they need a financial adviser for their pension. A study of those with pensions in flexi-access drawdown, carried out by insurance giant Zurich, found that a large percentage…
Read MoreThings to do in retirement
An essential part of retirement planning is deciding what you’re actually going to do with your time. The money side of things is important but only to the extent that it allows you to live the life that you want to live. Deciding what things to do in retirement can be difficult, but if you don’t…
Read MoreMoney Purchase Annual Allowance – a complete guide
With the introduction of the pension freedoms in 2015, you can now access tax-free cash from your pension at 55. You can also start to flexibly access your pension with no limits on how much you can take. However, if you plan to flexibly access your pension, you should be aware of the Money Purchase Annual…
Read MoreWhat is a Pension Sharing Order?
If you’re getting divorced it is likely you’ll be deciding how to split your shared assets. In the UK pensions are usually your most valuable asset (yes, normally worth even more than your family home). If you’re discussing a pension sharing order after a decree absolute, you may be wondering “what are they and how…
Read MoreCan I take my pension at 55 and still work?
One of the questions we’re asked most often when we’re helping customers with their retirement planning is Can I take my pension at 55 and still work? Under current rules, It is possible to take your pension at 55 and still work. If you have a defined contribution pension you could access part or all of…
Read MorePension Lump Sum – A complete guide
If you’re planning your retirement, you might have heard of the pension freedoms that allow you to access a tax-free lump sum from your pension at 55. But did you know that taking a pension lump sum is just one of the ways that you can now access your pension: Your pension options at 55:…
Read MoreHow to protect your pension in a divorce
With over 70% of UK divorce cases not even discussing pensions, it might seem like something you don’t need to worry about, but by law, pensions are classed as a marital asset and should be considered as part of any financial settlement. In fact, It’s likely that your pension/s could be your single largest asset,…
Read MoreSouthampton and Fareham named in top 20 towns with the most financial advisers
Southampton and Fareham have been named in top 20 towns with the most financial advisers according to industry experts Citywire. The research centred around FCA regulated firms that are able to offer in-person advice. Fareham came in 8th with 77 active firms whilst Southampton came in 19th on the list with 50 active firms. Simon Garber, Director of Southampton-based…
Read MoreWhat to do with multiple Pension Pots?
The average Brit will have 11 different jobs throughout their working life building up a series of smaller pension pots that often get left behind as we move from one job to the next. So what happens to them and what should we do with multiple pension pots? It could be possible to consolidate multiple…
Read MoreHow Much of My Husband’s Pension am I Entitled to When We Divorce?
In 71% of UK divorces Pensions are not discussed, in fact as it stands, unless you go to court there’s no automatic right to even know how much your spouse has in their pension, so it’s unsurprising that many people going through a divorce don’t know how much of their spouses pension they are entitled…
Read MoreBT Pension Scheme: Defined Benefit Pension Scheme Changes
Members of the BT Defined Benefit Pension Scheme have seen a number of changes over recent years and months. With a growing number of questions being asked, our Pension Specialist Simon Garber seeks to provide some answers for members of this Final Salary Pension. Why has my BT Pension Transfer Value gone up? We have…
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