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 […]

New legislation which received Royal Assent on Wednesday 29 April should mean over 20 million pension savers getting better value from their providers to the tune of an average £29,000. The Pension Schemes Bill has had a bumpy ride through the parliamentary process – not least over the controversial “mandation” reserve that allows the government […]

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.

Chris Collinson – RetireEasy 3 February 2012. The way annuities are sold is costing half a million retirees each year as much as £1bn in future pension income, a report claims.

Mark Soper – RetireEasy A huge fuss was made about the tax on pensioners following the changes to the age-related personal allowances announced in last week’s Budget but what does this all mean?

Almost one in five of those planning to retire this year will do so with outstanding debts, according to a Prudential report issued today.

What’s the rate of inflation in your household? Almost certainly not the broad-brush national figures that are trotted out every month. And the problem, says 50+ writer and commentator Tony Watts, is that unless you have a firm grip on the impact of inflation on your outgoings, incomes and assets, it’s very hard for those […]

Buried away in the reams of pensions legislation is a ‘triviality rule’ allowing pension pots to be taken wholly as a cash lump sum where a retiree’s total pension savings are less than £18,000.  A quarter of the cash sum is paid out tax-free and the remainder is taxable.

On the day the Government announces next year’s Budget day as 21st March it also confirms the removal of Life Assurance Premium Relief effective from 2015. This move will raise very little extra income for the Government but could impact on the retirement plans of hundreds of thousands of retirees.