High earners running up against pension caps should do their sums, says David Prosser.
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
Final-salary pension schemes have plugged their deficits, says David Prosser. But it’s not all good news.
You should be able to inherit pensions flexibly, but not all providers will help, says David Prosser.
Men have form when it comes to pension selfishness, says Merryn Somerset Webb. Greedy husbands could transfer all the money and spend the lot, leaving you with nothing.
The retailer’s plan to offer a range of savings options may inspire others, says David Prosser.
Many savers are paying too much tax on their pension withdrawals, says David Prosser.
Ministers warn pension providers to stop dragging their heels. David Prosser reports.
Not enough people whinge about their pensions, says David Prosser. But those that do have a point.
Venture capital trusts are the vehicle of choice for those who’ve maxed out their pensions, says David Prosser.
Auto-enrolment means many more workers are now paying into a pension – but the default funds are often a poor choice. Take the time to pick your own, says Cris Sholto Heaton.
A default drawdown product could breed more pensions complacency, says David Prosser.