by Town Close Financial Planning | Nov 20, 2017 | Pension & Retirement News
You’ll have spent around 15 years or so in education. The idea was to make you into a good citizen, ready to be economically productive. During the process you probably had just about every last vestige of creativity bashed out of you – but that’s a... by Town Close Financial Planning | Nov 6, 2017 | Pension & Retirement News
Once upon a time, many moons ago, final salary pension schemes were the gold standard of pension provision. Guaranteed, inflation protected incomes for life to be paid to retiring employees. Was it a golden age? Or just a mirage? A combination of factors have changed... by Town Close Financial Planning | Sep 23, 2017 | Pension & Retirement News
Recent research from Royal London has found that around five million people in the UK have ‘forgotten’ pension pots from final salary schemes of former employers. What’s more, many of these deferred members of defined benefit funds don’t know how much a lump sum... by Town Close Financial Planning | Sep 19, 2017 | Pension & Retirement News, Tax News
The total tax paid by those exceeding their lifetime pension allowance amounted to £36 million in 2014/15, climbing steeply from £20 million in 2014/15 and equating to an 80% rise. The figure has climbed in recent years from £12 million in 2012/13 to £19 million in... by Town Close Financial Planning | Sep 15, 2017 | Investment News, Pension & Retirement News
A recent study by leading think-tank the International Longevity Centre has suggested that people should aim to save a minimum of 11% of their income in order ‘to achieve an adequate retirement income’, which is defined as 70% of the amount earned whilst working. The... by Town Close Financial Planning | Sep 13, 2017 | Pension & Retirement News
Recent changes announced by the government to the state pension will result in nearly six million people currently in their forties having to wait longer until they can retire. It’s a development which has raised concerns over the dependability of the state pension,...