The fundamental idea of a personal pension plan is simple. You put money into a savings fund and it hopefully grows in value. At retirement, you have several options which are usually designed to replace some (or all) of your employment income.
Pension Planning
The value of investments and any income from them can fall as well as rise and you may not get back the original amount invested.
With pensions being most people’s second-largest asset, they can become a major consideration in any divorce settlement.
We all know it’s important to plan for retirement, but many of us are still not planning well, or early enough.
Personal pensions may be suitable if you are self-employed, if you are not working but can afford to put aside money for retirement, or even in addition to a company pension.
UK News
The Chancellor is reportedly trying to revive plans to cut the tax-free limit for Cash ISAs.
Learner drivers say a lack of automatic instructors and the higher cost of lessons pushes them to manual.
Trump is under fire from ranchers, who say his ideas to lower prices address "symptoms not the problems".
Chancellors rarely reveal tax plans before the Budget, but Reeves has softened her language on raising income tax.
The chair of the Science, Innovation and Technology Committee says "robust technical measures" could help reduce phone thefts.