The latest from Tim
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 a Tracker Mortgage?
A tracker mortgage is where the interest rate you pay tracks another rate. Usually this will be the Bank of England base rate, though the rate you pay on a…
How Capital Repayment Mortgages Work
A capital repayment mortgage lets you pay back some of the capital you borrowed along with the interest you’re charged each month.
What is a Standard Variable Rate Mortgage?
A standard variable rate, or SVR, is an interest rate set by your mortgage lender that you may be moved onto once your fixed, tracker or discount rate mortgage deal…
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…
Pension Drawdown: How to Take a Flexible Retirement Income
Using pension drawdown to access the money in your pension can provide you with a flexible retirement income. Your pension funds can stay invested to hopefully grow further after you…
Cashing in a Pension: Your Options at Retirement Explained
Cashing in a pension usually only becomes possible at age 55. At this point some or all of your pension funds can be used to buy an annuity, set up…
The Pension Tax-Free Lump Sum Explained
Pension tax-free lump sum is the name given to the amount of your pension pot that you can withdraw when you access your pension without needing to pay income tax.…
What is a Remortgage & How Does Remortgaging Work?
Remortgaging involves changing your existing mortgage for a new deal, either with a different lender or your current one.
Mortgage Guarantee Scheme: What is it, and do you Need to Apply?
The government’s mortgage guarantee scheme aims to ensure mortgages are available to buyers with a 5% deposit. The 95% mortgage scheme is due to run until the end of June…
Pension Contributions and the Annual Allowance Explained
Pension contributions are the payments that you, your employer, and the government make into a pension, but there are caps and other considerations to bear in mind.
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 Will Happen to my Pension When I Die?
What happens to your pension when you die depends on the type of pension you have, your age when you die and whether you’ve started taking money from your pension.…
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…
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…