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
The pace of price rises matched the inflation rate in July and comes as the Bank of England meets to discuss interest rates.
Boss Satya Nadella said it was the biggest investment the firm had made outside of the US.
The Federal Reserve is expected to make its first cut to interest rates since 2024.
The UK's 2030 ban on the sale of new petrol and diesel cars is said to be driving the trend.
An agreement to reduce tariffs on UK steel to zero in short order was welcomed with some fanfare in July.