29 05, 2014

Have Retirees Been Misled About Full State Pension Payments?

2014-05-29T21:39:11-07:00May 29th, 2014|Categories: Retirement|Tags: , , |

A highly publicised promise made during the recent state pension system shake-up stated that all British retirees who’ve paid National Insurance (NI) contributions for 30 years will receive a weekly payment of £155 from April 2016. But after accounting for the fine print, an article published by The clause is so complicated that HMRC are struggling to calculate income and final pension payment figures with any real degree of accuracy. The crux of the matter concerns employees who’ve taken [...]

10 02, 2014

Savers begin to push retirement funds in a new direction

2014-02-10T22:08:28-08:00February 10th, 2014|Categories: Retirement|Tags: , , , , |

Most modern pension schemes in the UK are not, according to the strict definition of the term, pension schemes at all. Companies typically run defined-contribution pension plans for their staff, which, unlike their elder final-salary or defined-benefit cousins, do not actually pay out any pensions. Instead, workers contribute to an investment fund throughout their career and, upon retirement, this pays out a pot of savings. The workplace pension plan then waves goodbye to the individual, who takes his pot [...]

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