As for my pension, I follow the ‘half your age’ rule, which means that you pay half of your age into your pension every month to get as much out of your pension as possible. For example, if you are 30 ...

It will also be down to me to work out how to make that pot last for my retirement lifetime. Should I be concerned about my private pension if the Government wants to access these funds to boost ...

If we drill that down, it means a 40-year-old on the average UK salary for their age (£40,040) is supposed to invest £8,008 ...

The Congress of South African Trade Unions (COSATU) notes the release of Treasury’s two pot pension and savings reforms proposal (Revenue Laws Amendment Bill). The Federation welcomes the overall ...

A 65-year-old with a £100,000 pension pot can currently secure an annual income of up to £7,492 in retirement. Retirees can get this gaurenteed income for life through a single life level annuity with ...

With either option, it would mean that the remainder of your pension pot (which isn’t tax-free) would be taxed at the point you access the money, which may be after you have moved down a tax band.

The Congress of South African Trade Unions (COSATU) notes with disappointment a substantially inaccurate article in this weekend’s City Press predicting delays in Parliament passing the Two Pot ...

The bank hopes that it will free up billions of pounds in lending to help banks support businesses. However, Cameron warned that it could result in those approaching retirement seeing their pension ...

Buying an annuity involves converting your retirement savings into a guaranteed income. Annuity rates determine how much income you'll get. For example, if you have a pension pot of £100,000 and the ...

The triple lock ensures the new state pension rises each year by the highest of wage growth, inflation or 2.5 per cent, while older pensioners see their payments increase at a slower rate. This ...