The latest from Tim
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.…
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 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 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.…
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.
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…
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…
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…
Personal Pensions: What are They and How do They Work?
A personal pension is a private pension that you can set up for yourself, outside any workplace scheme. Open a personal pension plan and your contributions could be boosted by…
Compare Private Pension Providers
Taking the time to compare private pension providers and the different personal pensions they offer can be an important cornerstone of retirement planning.
Fixed-Rate Mortgages: Peace of Mind Over Your Repayments
With a fixed-rate mortgage your interest rate, and therefore your monthly repayments, will stay the same for the duration of the period you’ve chosen to fix. Most fixed-rate mortgages are…