State Pensions: Don’t miss the six month window to top up your State Pension

iStock_000007329749XSmallThe introduction, from 2016, of the new flat rate State Pension, will benefit millions of people retiring in years to come. Until now it was thought that people retiring over the next two years, or who are already drawing their State Pension, would miss out, but new proposals have revealed how these people will be able to top up their State Pension. The flat rate State Pension, also known as the single-tier State Pension, will be available ...

Retirement: When the right answer is to do nothing at all

iStock_000029045488XSmallIf you’re close to your anticipated retirement date or State Pension Age (SPA), your thoughts will be dominated by how to turn your pension pot into an income. Questions such as, is Annuity or Income Drawdown right for me? Would another option be better? How can I get the best Annuity rate will rightly dominate your thoughts. But, there is one option which is all too often overlooked: Deferral....

Retirement: Worrying rise in people using property to pay for retirement

Tiny Houses 2New research has shown the extent to which thousands of people are relying on their home to help fund their retirement. The UK has always had a fascination with property and according to new research from LV=, the insurer formerly known as Liverpool Victoria, it will play a huge part in funding the retirement of half the population retiring over the next few years....

Retirement: Boost for Income Drawdown investors

Boost - Blue ButtonRetirees who use Income Drawdown to turn their pension into an income, rather than an Annuity, have been given a boost as rising gilt yields have increased the maximum amount of income which can be taken each year. Income Drawdown is the traditional alternative to an Annuity purchase and allows the retiree to remain invested in a range of assets, often including stocks and shares, whilst drawing an income directly from the pension fund. Income Drawdown rates rise The maximum income which ...