The latest from Tim
Pension Annuity: Retire with a Guaranteed Income
Buying a pension annuity with some or all of your pension pot means you can rely on a certain level of retirement income. There are different types of annuity that…
What is a Pension and How do Pensions Work?
A pension provides a way to save during your working life that can then deliver an income when it’s time for you to retire. There are tax efficiencies and requirements…
What is a SIPP, and How Does a Self-invested Personal Pension Work?
A self-invested personal pension (SIPP) gives you more control over your retirement savings, enabling you to make your own investment decisions. Contributions into a SIPP are eligible for tax relief…
QROPS Explained: Transferring a Pension Overseas
A qualifying recognised overseas pension scheme – or QROPS – is a pension scheme based in another country that might prove a suitable destination if you wanted to transfer your…
How an Earlier Rise in the State Pension Age Could Affect You
Following a news report that the age at which people can claim their state pension could increase to 68 by the end of the 2030s, we explore how this earlier-than-expected…
Children’s Pensions Explained: Setting Up a Pension for Your Child
Set up a child’s pension and with tax relief payable on a £2,880 yearly allowance your kids will have a head start towards a better retirement. Here, we explain how…
What is the State Pension and How Much Will I Get?
The State Pension is a regular payment from the government to support you in retirement. But how much you get and when you will be able to claim it can…
Pension Withdrawals: Limits, Rules and Taking a Pension Early
If you are 55 or over and have a defined contribution pension, you usually can start making pension withdrawals. Sometimes you can do this before age 55, but you may…
What is a Final Salary Pension, and How do Defined Benefit Pension Schemes Work?
A final salary pension, or defined benefit pension scheme, is a type of workplace pension that will pay you a retirement income for life. The amount you will receive in…
What is Pension Tax Relief? How Tax Relief on Pension Contributions Works
Pension tax relief is a government top-up to your pension contributions that aims to encourage people to save for their retirement. The amount of tax relief you can claim will…
Pension Tracing: How to Find Old or Lost Pensions
Finding an old pension can give your retirement income a welcome boost. What you need to do to trace it will depend on how much you remember about your lost…
Mortgage Rates Expected to Drop Further
Further falls in mortgage rates are expected as base rate cuts are forecast for November and next year. Here’s our latest mortgage and base rate predictions.
Green Mortgages: What Are They and Will You Save Money?
Green mortgages offer incentives, such as lower interest rates and cashback, to borrowers who purchase an energy-efficient home, or make improvements to their property to meet certain environmental standards. This…
What is a Personal Guarantee? A Business Loans Guide
A personal guarantee can allow smaller business owners to secure credit for their company that might otherwise be out of reach. But the risk for a business loan guarantor who…
Logbook Loans: Loans Secured on Your Car or Vehicle
Logbook loans provide a way to borrow using your vehicle as security for the loan. You can use the vehicle while repaying the loan, but very high rates of interest…