If you thought your pension was just your retirement savings then think again.

As well as ensuring your financial certainty when you want to stop working, a pension is a great way to support future generations. This is because defined contribution pensions are one of the most tax-efficient ways of passing on your wealth.

No tax troubles

Unlike Individual Savings

The state pension triple lock was introduced in 2011. The 'triple lock' is a commitment to increase State Pensions by whichever is highest of average earnings growth, CPI inflation, or 2.5%. The government is only legally required to increase the basic and new State Pension each year at least in line with average earnings, but to drop the triple lock would be a politically

Several months have passed since the Spring Budget, which, although not necessarily packed with good news stories, held one announcement that certainly did bring considerable cheer to higher rate taxpayers. A recent survey has revealed the dramatic impact that Chancellor Jeremy Hunt’s decision to scrap the pension Lifetime Allowance (LTA) is having on people’s retirement

During the Spring Budget the Chancellor announced several changes to pensions including increasing the Annual Allowance and the Money Purchase Annual Allowance. The changes, the most significant since pensions freedoms in 2015, have largely been met with positivity, bringing greater flexibility and opportunity.

Some higher-paid workers faced additional tax bills as a

It is the dream of many to retire early. Indeed, 270,000 people in their 50s and 60s left the UK workforce during the COVID-19 pandemic, according to the Institute for Fiscal Studies.

Concerns about retirement poverty

However, two thirds of people aged 50–70 who quit work or lost their job during the pandemic left the workforce earlier than expected*. This means that

The Class of 2022 retirement report* provides a riveting insight into the plans and thoughts of those either planning to retire this year or recent retirees, really highlighting the changing face of retirement in the UK.

The last couple of years have impacted people’s plans, with people reassessing what retirement looks like to them. Less people are giving up work

Taking positive steps to achieve financial freedom

When are you thinking of retiring? With many pre-retirees reassessing their lives and priorities in the wake of the pandemic, there really is a seismic shift for many people towards achieving life balance. People need a plan to flex with their changing aspirations – it’s become more about living life rather than going

What is a Lifetime ISA and can I use it to save for retirement?

The Lifetime ISA (LISA) was introduced in 2017 to encourage people to save towards retirement or their first home.

First, lets cover the LISA rules:

• You must be over 18 or under 40 to open a LISA.
• You can contribute up to £4,000 per year, until you're 50: This counts towards your £20,000 ISA allowance