7th January 2019

Re-investing funds designed to provide you with a regular taxable income With this flexible retirement income option known as ‘flexi-access drawdown’, you can normally take up to 25% (a quarter) of your pension pot or of the amount you allocate for drawdown as a tax-free lump sum, then re-invest the rest into funds designed to […]

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7th January 2019

Taking money from your pension as and when you need it You can use your existing pension pot to take cash as and when you need it and leave the rest untouched where it can continue to grow tax-free. For each cash withdrawal, normally the first 25% (quarter) is tax-free, and the rest counts as […]

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7th January 2019

Without very careful planning, you could run out of money and have nothing to live on You could close your pension pot and take the entire amount as cash in one go if you wish. Normally, the first 25% (quarter) will be tax-free, and the rest will be taxed at your highest tax rate by […]

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7th January 2019

Balance of flexibility and security to suit your circumstances If you are looking for a balance of flexibility and security to suit your circumstances, you could consider blending your retirement options. You don’t have to choose one option when deciding how to access your pension pot – you could set up a combination of options […]

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7th January 2019

Pensioners ‘in the dark’ over how to protect their pots if markets tumble Many retirees are at risk of overlooking their pension finances by falling into an avoidable trap, according to new research[1]. A third (36%) of people keeping their pension invested through retirement could be hit harder by falling markets, as they do not […]

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18th January 2018

Private School

It was reported in the Daily Mail this week that private school fees have trebled, in real terms, over the past 30 years, but parents are undeterred.

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18th December 2017

Pencils

Choosing an independent school is a serious investment Parents or grandparents wishing to give their children or grandchildren the benefit of an independent education face startling costs. This is followed after school by the costs of a university education, which are also considerable. However, with careful planning, it may be possible to avoid a huge […]

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12th September 2017

New State Pension Age

Welcome to our latest issue of Smartmoney, which you can view at Smartmoney September 2017. Will you be one of the six million workers who will have to work an extra year before retiring after the Government announced that it would be extending the retirement age to 68?

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4th September 2017

Dads putting their family’s financial security at risk if the unexpected were to happen What would happen to you and your family in the event of unforeseen circumstances, such as the diagnosis of a serious illness or premature death? Worryingly, research from Scottish Widows reveals that more than half (53%) of men in the UK […]

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4th September 2017

How will it affect your retirement plans? Will you be one of the millions of workers who will have to work an extra year before retiring after the Government announced that it would be extending the retirement age to 68? New plans announced in July this year mean that the rise in the State Pension age […]

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