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The latest news is brought to you by WEALTH at work, a leading financial wellbeing and retirement specialist. WEALTH at work and my wealth are trading names of Wealth at Work Limited which is a member of the Wealth at Work group.
Pension withdrawals rise during the pandemic: do individuals really understand their actions?
9th November 2020
New figures from HMRC[1] show 347,000 people withdrew from their pensions throughout July, August and September 2020. This is a 6% increase on the same figures from last year, and a 2% rise compared to the previous three months, which is not the usual seasonal pattern.
Protect your redundancy pay from scams.
27th October 2020
Given the many recent redundancies announced, it is inevitable that as coronavirus continues, more redundancies are likely.
How affording retirement can be more achievable than many think.
14th October 2020
The finances of many are being impacted by COVID-19, especially those who are unfortunately facing redundancy and are approaching retirement.
How to manage on a reduced income.
6th October 2020
WEALTH at work provides ideas on how to manage your finances should you find yourself facing a reduced income through redundancy or a change in your salary.
Retiring in a crisis – what you need to know.
28th September 2020
There is no doubt that COVID-19 has impacted the financial lives of many people, especially those planning to retire or those who find themselves facing an unplanned early retirement.
Contingent charging for DB pension transfers banned from 1st October.
22nd September 2020
The ban on contingent charging for defined benefit (DB) pension transfers, where financial advisers only get paid if a transfer goes ahead, takes effect from 1 October 2020.
How to make the most of your redundancy pay.
21st September 2020
The Government’s Coronavirus Job Retention Scheme ends on 31 October 2020 in which a third of the UK workforce were furloughed.
Top five things to think about before withdrawing from your pension.
24th August 2020
With many household incomes under pressure following the impact of coronavirus, it may be tempting for those aged over 55 to consider withdrawing from their pension early.
How to use income drawdown to minimise tax.
20th July 2020
There are many advantages to choosing to use income drawdown to access your pension, one of the main ones is being able to access your assets in the most tax efficient manner.