Auto Enrolment: What happens if you don't comply?

Auto Enrolment: What Happens If You Don’t Comply?

For those of you who employ more than one person, you probably know all about auto enrolment. If you don’t (and you really should) here is a reminder; auto enrolment is a government scheme which requires an employer to place all qualifying staff into a workplace pension scheme. The employer should also make contributions towards…
Auto enrolment and furlough

Auto Enrolment Pensions and Furlough

Many employers are making use of the Government’s Coronavirus Job Retention Scheme (CJRS) to access much-needed financial support which will enable them to keep their staff employed during the lockdown period, and potentially beyond. Under the scheme, employers can claim 80% of a furloughed employees’ usual monthly salary up to £2,500 a month. They can…
End of the tax year

What to do before the end of the tax year

April will be here before we know it. And with it comes a new tax year. There’s just enough time between now and April 5th to take action to make sure your money is working as hard as possible for you. Here’s a handy checklist to work through: 1) Use up your ISA allowance An…
Brexit - What happens now?

Brexit – What Happens Now?

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Just in case you missed it, as of 11pm, on the 31st January 2020, the United Kingdom has officially left the European Union. After more than three and a half years of uncertainty, what will happen now we have left, particularly when it comes to your finances? The truth of it is, we still don’t…
What happens to lost pensions?

Lost pensions – what happens to them?

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Old pensions can easily fall by the wayside. People move jobs throughout their working lives so pensions from the beginning of an individual’s career can be forgotten and left behind. But what happens to these pensions if they’re left unclaimed? And could yours be one of them? We’re going to take a look at new…
My House is my Pension

My House is My Pension

What do you do if your pension doesn’t look like it’s going to provide you with enough income when you retire? You either work for longer or look to your assets. If you are a home owner, one of your biggest assets is likely to be your house. In an ideal world, no one should…
accessing your pension without advice

Is it wise to access your pension without seeking advice?

We have written quite a few articles about pensions. Hopefully we’ve highlighted the importance of seeking advice as part of the pensions process. Everyone is going to need to access their pension sooner or later. Whether you’re approaching your retirement, or if it’s still a decade away, the more informed you all are about it, the…

What to do if you hit your lifetime allowance (LTA)

As a nation, we are beginning to save more money for retirement. What with the government’s auto enrolment scheme, we are starting to put money into our pensions earlier than ever. But does this mean we are all running the risk of hitting our lifetime allowances? If so, what happens then? What is the current…
Sequences of Returns Risk

Sequence of Returns Risk

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It might not sound like the most scintillating of topics, but understanding the impact that sequence of return risk can have on a Drawdown fund is important if you’re going to make the right decisions about your pension. To help explain it, we’d like to introduce Warren.  Lucky Warren retires at age 60. He has…
True Cost of Retirement

What is the true cost of retirement?

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We spend all of our working life building up our pension pot. The question is; do we really know how much we need to save to fund our retirements? Last year investment managements firm, Schroders, carried out a survey of 22,000 investors over 30 countries. They wanted to discover more about the respondents’ expected finances…