5th May 2017

Providing an income in retirement With a defined contribution pension, you build up a pot of money that you can then use to provide an income in retirement. Unlike defined benefit schemes, which promise a specific income, the income you might get from a defined contribution scheme depends on factors including the amount you pay […]

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5th May 2017

Secure income for life A defined benefit pension scheme is one where the amount paid to you is set using a formula based on by how many years you’ve worked for your employer and the salary you’ve earned rather than the value of your investments. If you work or have worked for a large employer […]

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5th May 2017

Saving tax-efficiently for retirement A personal pension is a type of defined contribution pension. You choose the provider and make arrangements for your contributions to be paid. If you haven’t got a workplace pension, getting a personal pension could be a good way of saving for retirement.

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5th May 2017

Providing greater flexibility with the investments you can choose A self-invested personal pension (SIPP) is a pension ‘wrapper’ that holds investments until you retire and start to draw a retirement income. It is a type of personal pension and works in a similar way to a standard personal pension. The main difference is that with […]

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5th May 2017

More choice and flexibility than ever before Under the pension freedoms rules introduced in April 2015, once you reach the age of 55, you can now take your entire pension pot as cash in one go if you wish. However, if you do this, you could end up with a large tax Income Tax bill […]

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5th May 2017

Using different parts of one pension pot or using separate or combined pots Under the new flexible pension freedoms rules, you can now mix and match various options, using different parts of one pension pot or using separate or combined pots.

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5th May 2017

A regular retirement income for the rest of your life One way to use your pension pot is to buy an annuity. This gives you a regular retirement income, usually for the rest of your life. In most cases, this is a one-off, irreversible decision, so it’s crucial to choose the right type and get […]

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20th April 2017

Hanford School

School fees payments may start at an affordable level, but often the ability to sustain these fees from income becomes difficult to maintain when additional children start school and perhaps only one parent’s income is being utilised.

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10th April 2017

Jeremy Corbyn announced on Thursday 6th April 2017 that a Labour government would introduce charging of VAT on private school fees. The fund generated, estimated to be about £1.3 billion per year, would be used to provide free meals for all primary school pupils.

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10th March 2017

Dulwich School

It was reported in The Times* earlier this month that boarding school fees are expected to exceed £40,000 for the first time this autumn, which could put them out of reach to all but the wealthiest families.

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