As the cost-of-living crisis continues and inflation soars, some people will be more inclined to take out extra funds from their pension. Even those who are still working may begin taking an income from their pot sooner than they had planned. While this may temporarily cover immediate costs, it comes with the risk of having […]
It recently came to light that 134,000 people have been underpaid their state pension. A public spending watchdog released a report that showed the cases were mostly women, many being widows. The underpayments reached a total of £1 billion. Some of these underpayments date all the way back to the mid ‘80s. These underpayments occurred […]
A November report from the Office for National Statistics (ONS) said that UK inflation had risen to 4.2% in October. This was largely due to the rises in energy and fuels costs. News just broke yesterday that it reached a decade high of 5.1% during the month of November. Similarly, Europe’s statistic office (Eurostat) is […]
The two most typical ways that expatriates manage their UK pension schemes are either by keeping their pension with a British provider or by transferring the funds into a QROPS. A QROPS is a Qualifying Recognised Overseas Pension Scheme. It allows one to receive transfers from UK pension funds while still abiding by the HMRC’s […]
For so many British nationals who have spent most of their time living in the rain-soaked country, Spain is the ideal destination for retirement. The country is already home to over 100,000 British pensioners. This number is steadily increasing even though Brexit has complicated the process and made it more expensive. Fortunately, with the right […]
In our article this week, we address some hot button topics that have been coming up in the financial discourse. We also provide you with some important take-away information that you may not be aware of. Changes in pension law and UK investments Due to the legal repercussions of Brexit, it is now against the […]
The UK has continued to see a rise in the number of people accessing their pension pots or enquiring about doing so. People accessing their pension as a flexible income has increased by 56% according to research since the first lockdown last year. The increase is due to people withdrawing after holding off when stock […]
We have witnessed more and more talk surrounding negative interest rates being introduced in the UK and the impact this could have on savings, investments, and pensions. The British economy alone, has been hit particularly hard since Covid took hold, and this can be seen in the record low Bank of England base rate of […]
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