The gap between the best and worst performing pension schemes could cost a saver with a £10,000 pot over £5,000 across just five years. But reforms in the pipeline could give savers the transparency they need to switch to schemes on top of their game. A timetable to implement the biggest pension reforms in a generation has been […]
Are your old pension pots doing as well as they could? Do they still reflect your attitude to risk? Experts from the Institute for Fiscal Studies are offering their advice on how you can make sure they are still fit for purpose. New research shows that many people are holding their money in old DC […]
Post-Budget confusion leads to retirement revamp The online financial planning website RetireEasy.co.uk will become a free service this month in response to a dramatic uplift in queries from retirees following recent Government changes to the rules applicable to pension drawdown arrangements. General confusion among retirees on how to manage their pension pot from April 2015 […]
George Osborne today announced that a new range of pension bonds will be issued by the National Savings Office next year. First indications suggest the interest rate offered will be higher than most bank rates and the interest will be taxable. The limit for each bond is expected to be £10,000. More to follow soon.
George Osborne today announced potentially far-reaching changes in retirement planning and funding effective from next April. Central to the new regime is the ability to withdraw the whole of a pension fund as a single lump sum or as a series of lump sums over a period of time. 25% of the pension fund can […]
In today’s Budget, George Osborne announced higher ISA limits of £15,000 per individual from July 2014. The new limit will combine both Cash and Investment ISAs with greater flexibility to switch between each type. More to follow soon.
It has been announced that the September CPI value was 2.7%. This is the rate that the State Pension and other pension revaluations will be increased by with effect from next April.
The ABI this week launched its free ‘’Annuity Window’’ tool. If you are approaching retirement, the tool provides a dozen examples of real annuity rates
DWP (Department For Work & Pensions) yesterday hailed the new Auto Enrolment Pension rules that became mandatory for large employers last October as a big success.
Following on from the increase in the GAD rate to 120%, investors in Income Drawdown Plans – the main alternative to annuity purchase – got a further boost today, thanks to improving gilt yields.
Pensioners will receive a boost to their retirement income from today as a significant increase to the State Pension kicks-in. A single pensioner will receive an increase of £5.30 per week and pensioner couples will receive an increase of £8.50 per week. These increases will be very welcome following the recent steep increases in fuel […]
Mark Soper-RetireEasy The new tax year officially commenced on Good Friday and the ISA allowances increased on the same day.
Not yet retired? You can now include all your additional savings, investments and Pension Contributions between now and your retirement, taking into account increasing these Additional Contributions year-on-year and stipulating whether these are one-off or recurring contributions. New useful charts There are now three additional charts, further breaking down your assets and income. The charts […]
As I’m sure you are aware, today is Budget Day and the Chancellor of the Exchequer has announced some changes to Income Tax rates and thresholds. These have now been fed into the RetireEasy program and this will have had some impact on your LifePlan. Please take a look at your charts and Snapshot to […]
Welcome to the very latest update from RetireEasy, the new online software programme that enables you to monitor your finances and control your own retirement. We start with news of an important new innovation now being made available. As from today (21st October) you can now choose between ‘Singles’ and ‘Couples’ versions of the software. […]
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RetireEasy is the UK’s only independent retirement planning tool. LifePlan gives you an overview of all of your assets – including investments, pensions, savings, business assets and properties – and the income you will receive after liabilities such as debts, mortgages and income tax. It is not just a snapshot, but shows you how your finances will evolve throughout your retirement.
With Premium LifePlan you can model a Lifetime Mortgage, create and compare up to 10 scenarios of your financial future, radically reduce life insurance costs through a Life Assurance Premium Checker and you can print user-friendly narrative reports.
RetireEasy was established in 2011 and has helped thousands of users to understand their finances throughout retirement and adjust their plans to ensure that their money will last.
