A Self Invested Personal Pension, or SIPP, is an upmarket form of a personal pension plan that offers savers a number of attractive features such as increased control and flexibility of their pension fund and its investments. Introduced in Read more…
In addition to the basic state pension, many people are eligible for the additional state pension, formerly known as the State Earnings-Related Pension Scheme (SERPS) before it was reformed in April 2002. The second state pension is based on Read more…
In addition to the basic state pension, most people are eligible for the additional state pension formerly known as the State Earnings-Related Pension Scheme (SERPS) before it was reformed in April 2002. It is now referred to as S2P Read more…
It is possible to mobilise your stakeholder pension to contract out of the State Second Pension. The State Second Pension – formerly called the State Earnings-Related Pension Scheme (SERPS) – is for anyone in work who earns above the Read more…
This section details the terms used in relation to pension annuities. Annuities are a complex financial product, meaning that some of the terms may be unclear at first. Use the annuity glossary as a guide to better understand what Read more…
Some people may not need the security and regular payments provided by a conventional annuity. In this instance, there are alternatives to buying an annuity, the most common of which are detailed below. Why would I not buy an Read more…
When economic conditions are uncertain, many people may choose to put off buying an annuity with their pension. This is known as delaying your annuity. For instance, if a pension fund is linked to an investment fund, and this Read more…
Once you have filled out a pension annuity application, the retirement specialist will send a number of important documents. The pension holder should read these documents carefully to make sure that they are the best retirement solution. These documents Read more…
Boosting your annuity could help you enjoy a more secure retirement, with larger annuity payments. Thousands of retirees could increase their annuity by applying for an impaired annuity that provides a higher income for those in ill health or Read more…
An annuity guarantees an income for life so for many people, even following the significant changes to pensions legislation which has given greater freedom and more options open to those about to retire, this will probably still be the Read more…