A self-invested personal pension (SIPP) is a retirement pot that encourages its users to invest their money and accumulate funds for retirement. What makes it unique is its higher flexibility. The best SIPP providers will offer you SIPP schemes with a wide
Ms Thorne said: “Self-employed workers do not automatically pay into pensions, but contributions to a private pension are free from tax and NI deductions.” In addition, she continued: “Travel costs to see clients, such as fuel, mileage, hotel accommodation, or business rent
I am 50 years-old and currently have two pensions. One is a defined benefit pension, which is deferred, and linked to my wage, though is not being contributed to. The current value is £28,000 a year at age 67. The second is
Last month, the SNP’s Westminster leader Ian Blackford insisted the Scottish Government would not pay for Scottish pensions in the event the party is eventually successful with its independence campaign. This was a position quickly backed by Scotland’s First Minister Ms Sturgeon
Donald Cameron scoffed at the suggestion from Ian Blackford that Scottish pensions would continue to be paid by the UK Government if Scottish independence was achieved. Mr Cameron believed the comment was “absurd” before pointing out the fractures which have emerged among
Many people concerned about the inflation threat to their savings will be considering whether to put any spare money in an investment rather than a cash Isa in the current tax year. Consumer prices rose 5.5 per cent in January, and previous
Financial markets are highly unstable due to the tragic war in Ukraine, which has also intensified concerns about inflation and future interest rate rises. Older people relying on an income from investments in retirement need to be more vigilant than most, in
Investors with pension savings in lifestyle funds that automatically shift them into bonds have been warned to reconsider, as faster than expected interest rate rises will hit their value. The value of so-called lifestyling funds plummeted 13 per cent in the two
My wife is working part time so is just under the tax threshold. She is in a workplace pension scheme paying in the most she can to maximise her employer’s contributions. I am in full time employment and in the higher tax
Elderly drivers could see this year’s pension increase of £221 wiped out by soaring petrol prices, shows analysis State pension will rise by £221 after Government ditched ‘triple lock’ guarantee But analysis shows motorists face spending an extra £230 on petrol or