Figures published by HM Revenue and Customs (HMRC) have revealed that a record 336,000 individuals have taken £2.75bn out of their pensions in the second quarter of 2019.
WEALTH at work, a specialist provider of financial education and guidance in the workplace supported by regulated financial advice for individuals, has once again been identified as one of London Stock Exchange Group’s 1000 Companies to Inspire Britain.
Latest research has found that increasing numbers of employers are now offering financial advice as part of their workplace benefits. The survey of employers found that 35% currently offer their employees access to financial advice, compared to 12% last year.
A Pensions Policy Institute (PPI) report recently outlined that there may be 12 million individuals who are under-saving for their retirement.
Jonathan Watts-Lay, Director, WEALTH at work outlines some of the key considerations for individuals facing retirement.
WEALTH at work’s top 10 checklist of things to consider when deciding whether to transfer out of a DB scheme
Individuals approaching retirement are likely to be ill-prepared for the risks they face when accessing their pension, ranging from paying too much tax, to running out of money before the end of their days, or even losing their life savings to scams, according to a new survey of pension scheme Trustees.
The Department for Work and Pensions has published its response to its consultation on pensions dashboards.
The end of the tax year is in sight, so now is a great time to have a good look at your finances and make sure you are making the most of this year’s savings allowances and maximising your saving potential.
WEALTH at work recently carried out a poll of over 70 employers and found that 91% of them believe that employees do not understand the tax rules when withdrawing money from their pension.