Tag: pension

At retirement you have two choices: 1. Convert your pension into income by purchasing an annuity 2. Keep the pension invested and withdraw money when you need it; this is called income drawdown. Latest figures from the…

As the end of the tax year approaches and the new pension rules come into effect in April, here at Marchwood IFA we have identified 7 reasons why you might want to consider making the…

We all know that we need to save for tomorrow, but it’s difficult to do something about it today. Understandably, financial planning is something we tend to ignore or put off, until something serious happens…

The New Year often brings resolutions that last for a while and then somehow get overtaken by events; that annual diet, the idea that a ‘dry January’ would be good, the promise to never play…

The mortgage market is on the move again. Gross mortgage lending increased to £17.6bn in October 2013, an increase of 37% from £12.9bn in October 2012. This figure is the highest since October 2008, when…

There has always been a strong argument in favour of saving for retirement via a company or personal pension, mainly due to the substantial tax-relief that that pensions attract, especially for higher-rate tax payers. However,…

When you retire, your pension does not, in itself, provide an income to support you. In fact you have to make some key decisions about how to convert your pension ‘pot’ into an income stream;…

More than 1 in 3 people (38%) who have a private pension have never reviewed their plan, according to new research from Duncan Lawrie Private Bank. Women seem to be less conscientious than men in…

You may have seen articles in the national press about how people in retirement who are ‘asset rich’ but ‘cash poor’ - i.e. they own a valuable property but have a relatively low income -…