Over the last few years, one trend that came into vogue in retirement planning (particularly corporate pensions) has been so called ‘lifestyling’. This is where the pension provider’s investment strategy works towards a target retirement date (or perhaps a default date across the scheme nominated by the sponsoring employer). Early in the career of the […]
Category: Pensions
Pension Lifetime Allowance Changes 2016
On 6th April 2016, significant new pension legislation will come into effect that will markedly increase the number of pension savers and scheme members who may be affected by the lifetime allowance (the limit on value that may be saved within a pension scheme without incurring significant capital tax charges). The current allowance of £1.25m […]
Pension Annual Allowance Advice
Pension funding changes for high earners On 6th April 2016, we will see the introduction of new pension legislation in respect of the annual allowance; the annual limit on which pension funding may attract tax relief, subject to earnings. In recent years, the annual allowance has already been reduced by 84% from its zenith of […]
Pension Drawdown Changes
Pensions reform extends flexibility for retirement savers. Michael Garvey explains the Government’s latest pension carrot and what the stick is this time. Sweeping changes to pension legislation have transformed the flexibility available to pension policy-holders and their rights to access benefits from age 55. This throws the door open for the reckless to completely decant […]