Automatic enrolment as you are aware commenced role out, in stages, across all employers from October 2012, starting with the larger employers. This is now three years since the introduction of auto enrolment, and employees are really starting to reap the benefits of workplace pension savings. New research has revealed that employer contributions are crucial to boosting pension savings for over half (54%) of those enrolled in a defined contribution pension scheme in the UK. T

If your dream retirement is somewhere with more sunshine and less rain than the UK, then it may be time to ask yourself “how will moving abroad affect my pension?” The State Pension You can claim your UK state pension if living abroad, but it will continue to be paid from the UK and in pounds sterling. (see https://qropdirect.com/QROPS_FAQ.php - Can I transfer a UK state pension?). This raises questions about transfer fees and exchange rates. Both of these have the potentia

“How much do I need for my retirement” is arguably one of the most serious questions facing a working-age adult. The answer ultimately depends on two questions. When do you want to retire and what kind of retirement do you want to have? Planning Your Retirement If you want to retire at 55 and spend the rest of your life cruising the world on your private yacht, you're going to need a whole lot more money than if you want to retire at 75, downsize your house and spend the re

One issue in the world of personal finance has dominated the headlines for months; the changes to Britain’s pensions industry that will have profound implications for savers and retirees for decades to come. Much of the focus of the reportage has been on the effects of the changes on savers waiting to retire, but there are equally far reaching changes afoot for those who have already finished their careers and are enjoying their retirement. In this article, we will explore wh

The film Jupiter Ascending is arguably a sci-fi version of Cinderella. Jupiter (Mila Kunis) lives a life of drudgery until she discovers her true destiny. The new state pension rules aim to save those planning for retirement from a life of penny-pinching. In short those reaching state pension age from April 2016 will receive a substantially higher state pension (about £148 per week instead of £113.10 per week) – but they will have to pay National Insurance (NI) for longer

Here’s an unsettling mortal thought: When do you think you are going to die? It’s a question we generally seek to avoid, though thanks to recent changes in the pension market, it’s a question that’s taken on a new significance. Decades ago, one retired at sixty five and, on average, drew a decade of pension entitlement before departing for the sweet hereafter. In 2015, some of these certainties have gone. Not only are many of us taking early retirement, but equally as many ar