The fundamental idea of a personal pension plan is simple. You put money into a savings fund and it hopefully grows in value. At retirement, you have several options which are usually designed to replace some (or all) of your employment income.
Pension Planning
The value of investments and any income from them can fall as well as rise and you may not get back the original amount invested.
With pensions being most people’s second-largest asset, they can become a major consideration in any divorce settlement.
We all know it’s important to plan for retirement, but many of us are still not planning well, or early enough.
Personal pensions may be suitable if you are self-employed, if you are not working but can afford to put aside money for retirement, or even in addition to a company pension.
UK News
European markets are trading a little higher but gas and crude prices remain volatile.
If oil prices remain high for some time, the knock-on effects could affect the costs of fuel and food
Scott Bessent says that "likely sometime this week" the US will increase its global tariff on imports from the existing 10%.
James Watt apologises to staff and investors after hundreds of jobs were lost with the sale of the brewer and pub chain.
Wages are forecast to go up over the next five years but you could pay more tax because of frozen thresholds.