Archive for the 'Retiring' Category

Plan & save for retiring to achieive a realistic income & even give yourself the option of retiring early.

Tips on Turning the Dream of Early Retirement into a Reality

As life expectancy increases, the age at which you can claim your UK state pension is rising. Already, the last women to receive a state pension at 60 have already done so; both men and women in their early 50s can expect to receive their pension at age 67; and anybody in their 20s and […]

My Money Podcast #84

The My Money Podcast #84 summarises the articles below. listen to ‘My Money Podcast: #84: Recent Articles Roundup’ on Audioboo Subscribe to the My Money Podcast from Help Me To Save in iTunes Are You Ready for Retirement? – I was a coach at the recent Aegon Retiready Bootcamp in London, giving tips on how […]

Are You Ready for Retirement?

Recent research conducted by Aegon highlighted that 9 out of 10 people in the UK aren’t prepared for retirement, with many people underestimating for how many years they’ll live and overestimating their pension income. Using the Aegon Retiready online retirement planning service can help you prepare for retirement.  It only takes a few minutes to […]

My Money Podcast #80

The My Money podcast #80 summaries the articles listed below. listen to ‘My Money Podcast: #80: Recent Articles Roundup’ on Audioboo Subscribe to the My Money Podcast from Help Me To Save in iTunes How Much Should You Have to Contribute to Get a Decent Pension? – I reckon that paying 8% of earnings into […]

How Much Should You Contribute to Get a Decent Pension?

When I read that the average person in the UK needs to pay six times more into their pension contributions to avoid poverty in old age, I thought that’s never going to happen. I doubt if the average worker could afford to make such large payments into a pension. The report authored by the ‘Policy […]

My Money Podcast #79

This My Money Podcast #79 summarises the articles below. listen to ‘My Money Podcast: #79: Recent Articles Roundup’ on Audioboo Subscribe to the My Money Podcast from Help Me To Save in iTunes Review of Travelodge Edinburgh Central Waterloo Place – I paid £27 for a room at this centrally located Edinburgh Travelodge, which was […]

I’d Like to See an Index Linked Personal Pension Fund

When doing my evaluation of the recently announced changes to access of personal pension pots, I came up with the idea of an appealing product – an index linked personal pension fund. This pension fund would retain the spending power of your pension pot by being annually uprated by the rate of inflation, using the […]

Why is 0.75% Charge Cap Not Being Applied to All DC Pensions?

After all the recent political posturing over pension charge cap proposals, the Department of Work & Pensions has announced that, from April 2015, there will be a 0.75% charge cap on auto enrolled defined contribution pension schemes. However, the charge cap only applies to default pension funds and excludes transaction costs. While this is good […]

My Take on Changes to Personal Pensions in the 2014 Budget

After digesting the changes to access arrangements for defined contribution personal pensions in the Budget, I’m sticking to my original plan to purchase an annuity (a guaranteed income for the rest of my life) with annual RPI uprating. I’ll start getting annuity quotes when I’m 55 next month. I’m not keen on the new option, […]

Pension Charge Cap Proposals: A Bit Late in the Day for Me

The UK Tory/Lib Dem Coalition Government’s recently promised “full frontal assault” on pension charges soon switched gear into a hasty retreat, with a vague “we may do something by April 2015”. Following hot on their heels, the Labour party has promised to put a 0.5% cap of pension charges if they are elected. Now tinkering […]