Earning over £150,000? You need to review your pension. Here’s why.

If your annual income is above £150,000, then your pension allowance has been subject to tapering since April this year. For every £2 of income over £150,000, your £40,000 annual allowance is reduced by £1, with the reduction rounded down to the nearest whole pound if necessary. Reductions are capped at £30,000, meaning that those... Read more » Read More

Understanding sequence of returns risk

Come 6 April 2015, anyone over the age of 55 can withdraw as much or as little income as they like from their accumulated pension savings. Therefore, when it comes to using your pension fund to provide an income, although an annuity (an insurance product which provides a guaranteed income for life) will still be the right choice for many, it’s expected that an increasing number of people will be attracted to income drawdown. Read More