The lifetime allowance on pension savings could catch out those with modest incomes.
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
Clients and providers disagree on who should be responsible for spotting fraud, says David Prosser.
Delaying your state pension won’t be the right move for everyone, says David Prosser.
Reform to civil partnerships should allow more couples to make the most of financial protections.
Former pensions minister Ros Altmann has claimed her warnings that changes to the state-pension age would have a detrimental impact on women were ignored at all levels of government.
Fiddling with pension tax relief could be a nice little earner for a government hungry for cash, says Merryn Somerset Webb. Save what you can while you can.
The chancellor is said to have pension funds in sight once again: specifically the £40bn annual cost of tax relief on contributions.
Savers who have transferred out of generous final-salary pension schemes could be entitled to compensation from their financial advisers, even if the adviser explicitly warned them against it
Check your pension plan to see if you’re entitled to a guaranteed annuity rate, says David Prosser.
Insurer Legal & General is to take on responsibility for paying the pensions of 22,000 members of the British Airways pension scheme.
Plans to make company pension schemes publish details of how they have taken members’ ethical views into account when investing their money have been scrapped.