Can I backdate pension contributions?
If you’re looking to contribute more than your annual pension allowance, you may be able to make use of unused tax relief from the past three tax years. This...
FAQ Category: Pensions
What are the tax implications of accessing my pension early?
Accessing your pension early can have significant tax implications. Generally, you can start taking money from your pension from age 55, but if you take any money out before...
How much can I contribute to my pension each year?
While there is technically no maximum pension contribution limit in the UK, the tax treatment on contributions can affect your overall finances. In practice, you can contribute as much...
What happens to my pension if I leave my job?
If you leave your job, you have several options regarding what to do with your pension. The options available to you will depend on the type of pension scheme...
What happens if I opt-out of auto-enrolment?
If you opt-out of auto-enrolment, you will not be enrolled into a workplace pension scheme, and you will not receive the benefits of that scheme. This means that you...
What happens to my pension if I die?
What happens to your pension when you die depends on several factors, such as the type of pension you have and the specific rules of your pension provider. Here...
How much should I be contributing to my pension, and how often?
The amount you should be contributing to your pension depends on your retirement goals, age, income, and other financial commitments. As a general rule of thumb, it is recommended...
What are the different types of pensions available, and which one is right for me?
There are several different types of pensions available, and the right one for you depends on your personal circumstances, retirement goals, and financial situation. Here are some of the...
Do I need advice when choosing an annuity ?
It is generally recommended to seek the advice of a financial advisor when choosing an annuity, as it can be a complex financial product with many different options and...
What are the risks of purchasing an annuity?
While annuities can provide a reliable income stream in retirement, there are some risks and limitations to consider before purchasing one. Some potential risks associated with purchasing an annuity...
