Pensions

Pensions drawdown disaster

Pension providers will have to offer default drawdown options after many savers ended up in cash funds that generated no investment growth and leave them worse off.

Pensions are changing. Old-style defined-benefits pensions are disappearing. State coffers are running dry. And the government is constantly fiddling with the pensions rules. A comfortable retirement is by no means guaranteed.

So now more than ever it’s vital that you build up a healthy pot of money that you can draw on to fund your retirement. At MoneyWeek, we can help you do that. Not only accumulating your pension pot throughout your working years, but also making sure it produces the income you need to enjoy your retirement.

Latest articles on pensions

When should you retire?

Retirement party © Alamy

Schedule your retirement party, but your financial options take more thinking about.

VCTs in short supply for pension investors

Five Guys © Rex Features

People looking for a tax-efficient place to invest their pension funds may be disappointed, says David Prosser.

IMF warns of new state-pension age changes

Calendar © ©iStockphotos

Savers currently planning their retirement may be in for a nasty surprise, according to the International Monetary Fund.

How to keep your pension savings on track

People ona running track © Getty Images

An annual pension “health check” will help you plan ahead for your retirement.

CDC pensions: a third way

A postman in the snow © Rex Features

The government is considering introducing CDC pensions as a middle road between existing options. Could they represent the future of saving?

Do-it-yourself pensions for the self-employed

Person looking at paperwork © iStockphotos

With 43% having no pension millions of self-employed people could be unprepared for retirement, says David Prosser.

Don’t forget income tax when drawing your pension

A remarkably clean and fresh-faced pensioner in an office. © Getty Images

Many people have not understood the tax implications of drawing down their money, meaning that savers withdrawing pension cash are handing over millions of pounds in income tax.

Pensions to branch out

Old Street roundabout

Investors may soon be able to invest in young and growing businesses in their pensions, says David Prosser.

Inheritance tax fears for pensions

Royal Courts of Justice © istockphotos

A landmark court case could bring certain pensions under the inheritance tax umbrella.

Pensions are for your retirement, not for a rainy day

Broken piggy bank © Getty Images

The point of saving into a pension is that you can’t get the money until you retire. The chancellor should resist the temptation to relax the rules on early access.

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