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
Private pensions can be a good way of sheltering assets from inheritance tax. David Prosser explains.
A rate rise or two could make the defined-benefits pensions deficit simply disappear, says Merryn Somerset Webb. In the meantime, there are a couple of things pension fund managers could do to help things along.
Small firms must soon pay more into their workers’ pension funds, says David Prosser.
Although equity-release products are becoming increasingly popular, don’t forget the risks, says David Prosser.
Pension products are complex and there is no easy way to compare deals. David Prosser reports.
Isas are a good choice for most types of saving, but your workplace pension and/or a self-invested personal pension can be a better option for your retirement.
Your financial needs change as you get older, so your investment strategy needs to evolve in response. Matthew Partridge explains the key principles for making and keeping wealth throughout your life.
If you’ve hit your pension allowance limits, you’ll need to find another home for your cash, says David Prosser.
If you don’t seek out your old pensions, you could lose them to charities under new government plans, says David Prosser.
If you want to complain about pension advice or how your scheme is run, don’t expect it to be an easy road.