SIPPs (Self Invested Personal Pensions) and workplace pensions are types of tax-wrapping pensions you use to save for retirement. If you’re new to the world of pensions and you are asking yourself, “Can I have a SIPP and a workplace pension simultaneously,” the answer is yes, you can. This Moneyfarm blog has been created to […]
A Nest (National Employment Savings Trust) pension is a type of workplace pension scheme set up by the UK government. Known as a “Master Trust,” an employer is entitled to use the Nest scheme instead of setting up their own scheme if they so wish. In this Moneyfarm blog, we look at the possibility of […]
There is a lot of jargon used when it comes to the word pension, so it is not always easy for the average man and woman in the street to fully understand what is being said. Take the term crystallised pension as an example. In this Moneyfarm blog, we discuss crystallised and uncrystallised pensions in […]
You hear a lot about state pensions, and how it’s more convenient for you to defer it instead of collecting it once you become eligible – but what does deferred pension mean and why is it more convenient? In the UK, the state does not automatically start sending you payments from the pension of money […]
Posted in:
The FCA (Financial Conduct Authority) introduced “Investment Pathways” in February 2021 for non-advised drawdown consumers and financial advisory firms. The idea behind this new investment pathways initiative was to offer people aged 55 or more who held defined contribution pension schemes a choice of readymade investment opportunities for: Transferring some or all their pension pots […]
If you want to know how to use pension contribution to pay less tax, you have come to the right place. We have compartmentalized everything you need to know about tax relief for pension contributions and what you need to do. What is pension tax relief? The government rewards you for saving for your pension […]
Financial security in retirement is a significant decision that many people take very seriously. For individuals who want more control over their retirement resources, a Self-Invested Personal Pension (SIPP) is the best option. SSIP Tax Relief is one of the top benefits of opening a Self-Invested Personal Pension (SIPP), a special type of pension. Investments […]
UK employers can automatically enrol their employees in a workplace pension scheme. The minimum contribution you as an employee should make is 5%, whereas your employers must contribute at least 3%. The earnings threshold for auto-enrolment in a workplace pension To qualify for auto-enrolment in a workplace pension scheme, you must be between the age […]