Can I Transfer my Final Salary Pension?

Can I transfer my defined benefit pension_2020 financial_defined benefit transfer suitability report

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…

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How Much Does a Financial Advisor Cost?

How much does a financial adviser 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…

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Lifetime Allowance and Final Salary Pensions

Lifetime 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…

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Do 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…

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Things to do in retirement

retired people enjoying an active lifestyle

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…

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Money Purchase Annual Allowance – a complete guide

Pension Specialist Simon garber explains Money purchase annual allowance

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…

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What is a Pension Sharing Order?

couple agreeing pension sharing order in divorce

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…

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Can I take my pension at 55 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 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…

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Pension Lump Sum – A complete guide

Pension lump sum_tax free cash

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:…

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How to protect your pension in a divorce

how-to-protect-your-pension-in-a-divorce_piggy-bank-umbrella

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,…

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What to do with multiple Pension Pots?

Pension specialist Simon Garber answers What 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…

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BT Pension Scheme: Defined Benefit Pension Scheme Changes

BT Defined Benefit Pension News

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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