Your retirement income choices explained
After years of saving into your pension pot and you’ve decided that you want to retire, you’ll need to decide what you want to do with the money. You can normally start taking your income from age 55. There are …
UK inflation hits 4.5% in August
Inflation in the UK rose to 4.5% in August on the government’s preferred consumer prices (CPI) measure, up from 4.4% in July.
The broader retail prices index (RPI) showed a rise to 5.2% in August, up from 5% in July.…
Bank of England holds interest rates at 0.5%
The Bank of England has decided to hold interest rates at
0.5%…
What is the open market option?
The open market option is an invaluable option open to you when you retire from a money purchase pension (i.e. a pension that is not linked to your salary).
In the run up to your retirement your pension provider will …
What is Pension Credit?
Pension Credit is a means-tested social security benefit. It is designed to provide those over qualifying age (see below for definition) with a minimum level of income and give extra cash to those aged 65 and over with modest incomes …