Can I backdate pension contributions?
The answer is yes, backdating pension contributions is possible! However, many people are unaware of their options for backdating pension contributions and how this will benefit their overall retirement...
FAQ Category: Pensions
Can I take tax-free cash from my pension every year?
In our article “Advice Rooms Top 5 FAQs of 2024 So Far,” we discussed whether you can take more tax-free cash from your pension next year if you take...
What is the best ISA for me?
Are you among the many people assessing the current economic climate and wondering how best to utilise your savings? One of the most effective ways to achieve this in...
2024’s Top 5 Customer Retirement Options FAQs
At Advice Rooms, we’re dedicated to helping you navigate your retirement options with clarity and confidence. Looking back on 2024, we’ve compiled the top five frequently asked questions from...
National Pension Tracing Day: How to Find Your Lost Pensions
As people change jobs, move homes, and adapt to new lifestyles, it’s not uncommon for pensions to get lost. The Association of British Insurers (ABI) estimates that around 1.6...
The Pros and Cons of Pension Consolidation: Is It Right for Your Retirement?
Pension consolidation can offer a more straightforward, streamlined approach when managing your retirement funds. But, like any financial decision, it has benefits and potential drawbacks. In this article, we’ll...
Bank of England Holds Interest Rates at 5%: What Does This Mean for Your Finances?
The Bank of England (BoE) has maintained interest rates at 5% in its latest monetary policy review. With the decision passing by an 8-1 majority, the move signals the...
Annuity Guarantee Periods and Value Protection: Essential Insights for UK Investors
Retirement planning can impact your future finances, so navigating your options can feel daunting. Due to the increasing need for financial security in retirement, annuities have emerged as a...
Advice Rooms Top 5 FAQs of 2024 So Far
We are now more than halfway through 2024. We will reflect on the most asked question of the year so far. Our team often discusses the month’s most common...
Understanding Joint Life Annuities
Joint life annuities are financial products designed to provide a regular income for a couple (or sometimes more than two individuals) throughout their lives. In the UK, these annuities...
