Starting a UK Pension

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In 1949, there were approximately 4 million retirees in the United Kingdom. Currently, 10.5 million and live longer in retirement. This is expected to reach 12.5 million in 2025 and 14 million by 2050. Although 4.5 is now working people to every retiree, in 2025 there will only be 3.5.

Commencing a pension can be a discouraging task, particularly for people who have no experience or knowledge whatsoever about the process. On the other hand, you keep hearing countless proposals to ...

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Structured Products: A Beginner's Guide

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Structured products are also known as market linked investments. It is an investment strategy that deals with financial fields like securities, debt insurance, foreign currencies among many others. The main feature of structured products is that the protection on maturity is guaranteed. The main purpose of structured products is to meet the needs that cannot be met by other financial structures that are available in the financial market. The other purpose is to issue debts more cheaply as compared to ...

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Investment Bonds Explored and Explained

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An investment bond is something you buy in the hope that its value will increase over a set period of time.  It is usually offered by an insurance company and can in some circumstances have tax benefits depending on your individual tax status. 

However, unlike putting your money into a bank, in some cases there is no guarantee that you’ll make any profit as there can be an element of risk involved with some investment bonds.  In addition to this, your ...

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Shop around for an annuity

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Shopping around for the best annuity is vital, we cannot underline this fact enough! It is staggering to find out that 66% of annuitants STILL don’t exercise the open market option, instead taking the first offer from their current pension provider. Why is this? Well, you go with what you know, why don’t more people move banks? Because they either think it will be too much bother, or in the case of pension annuities, they don’t understand the benefit of ...

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Pension Information for Beginners

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When to buy your annuityHM Revenue & Customs (HMRC) offer tax concessions whilst building up savings in pension plans, as long as the funds are ultimately used for providing an income when you retire. You are normally allowed to take out up to 25% of your fund as tax free cash, but the balance must be applied in some way to providing a lifetime income. This will be taxed as earned income, taking into account your personal allowance and ...
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What next for savings rates?

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Savings rates have a crucial impact on everyone’s finances and the economy. But when will they rise? And what are currently the best accounts to go for?

We round up expert views on what next for savings rates, the latest news and analysis and how to make the most of your nest egg

A little forewarning, most of this isn’t going to make pleasant reading…
The interest on savings is closely aligned with the Bank of England’s base rate. This rate hit ...

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