How to invest according to your job and life milestones
Pssst, I’ll let you in on a little secret: want to know what the best possible investment is? Your workplace pension. Now this is not a judgment on your default fund – more on how to review that later – but instead a big pompoms, cheerleading high kick for the scheme itself. Because your workplace […]
How to make pension contributions to lower your tax bill
Top-rate payer? You can save 60.8pc If you use salary sacrifice, your employer might decide to pass on the savings it makes in National Insurance to you via your pension. Additional rate taxpayers would save 45pc in tax, plus 2pc in National Insurance. If the employer passes on its own 13.8pc in National Insurance, this […]
How to beat the pension age rise to 57
She said: “The rules are complicated, but generally to keep a protected pension age the pension saver has to transfer from the scheme at the same time as at least one other member, to the same pension scheme. So, if they transfer on their own they will lose the protected age. “Because protection is lost […]
How to choose your ‘pot for life’ pension
Workers saving for retirement may no longer need to worry about losing touch with multiple workplace pension pots, thanks to a new proposal outlined by Chancellor Jeremy Hunt on Wednesday. In the Autumn Statement, Mr Hunt has introduced a new “pot for life” system, which would mean employees could be given a legal right to […]