by Town Close Financial Planning | Feb 12, 2015 | Pension & Retirement News
The new pension rules, coming into effect this April, will enable those over 55 to take as much money as they like out of their Defined Contribution (DC) schemes, at lower tax rates. In addressing the new system, Age UK has expressed concerns that some pensioners... by Town Close Financial Planning | Feb 10, 2015 | Pension & Retirement News
Budgeting for retirement can be more difficult than budgeting whilst you’re still working. Some costs may increase, such as heating your home, and you’ll have to work out exactly how much income you will be receiving from your pension. The average British wage is... by Town Close Financial Planning | Feb 9, 2015 | Pension & Retirement News
The answer very simply is that the State Pension alone is not enough! For most of us, the State Pension is the valuable foundation which underpins our retirement income. On its own, according to most cost of living figures, the state pension alone does not... by Town Close Financial Planning | Jan 22, 2015 | Pension & Retirement News
What role are annuities likely to play in retirement planning in the light of pension freedoms coming into effect from 6 April 2015? There has been much debate about annuities, particularly since Chancellor George Osborne announced a number of changes to pensions from... by Town Close Financial Planning | Jan 22, 2015 | Pension & Retirement News
Recent research from MGM revealed alarming disparities between the retirement finances of men and women. Although, on average, people in retirement feel that they need an additional £130 per week on top of their current income to be financially comfortable, women’s...