Monthly Archives: February 2012

At what age can I take my pension?

Between 6th April 2006 and 5th April 2010 the ‘normal retirement age, the age at which you could take your pension benefits moved from age 50 to 55. As our life expectancy is increasing year on year, the time we … Continue reading

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Changes to the Lifetime allowance

An area of much debate amongst pension regulation and re-regulation is the life time allowance. The maximum amount which can be put into a pension scheme and attract tax relief over a persons working career. Clearly there has to be … Continue reading

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Enhanced rates not offerred by many annuity companies

Using the Open Market Option is the key to getting the best rate from your pension pot and, as has been mentioned many times before on this blog, its always worthwhile finding out whether you qualify for enhanced rates. Obtaining … Continue reading

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Millions lose out on the best annuity rates

Breaking News Feb 2012 The National Association of Pension Funds (NAPF) has just released a report outlining many barriers retirees face when changing their pension into an income. The NAPF say that the process is fraught with confusing paperwork and … Continue reading

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Death Benefits under pension rules

Considering the death benefits of your pension fund is an important consideration when choosing which retirement option are most beneficial to you. If you have been saving into a fund for most of your working life you probably want to … Continue reading

Posted in Impaired-life annuity, Open market option | Leave a comment