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The COVID-19 outbreak has signalled the dawn of a worrying time for everyone. As well as anxiety about our own health and the wellbeing of our loved ones, many of us are understandably worried about the financial future. Recent stock market turbulenc...
According to HMRC, record numbers of people have been taking money out of their pensions since the beginning of the year. 348,000 people made a withdrawal between January and March, a 23% increase from 284,000 in the same quarter in 2019. The value o...
Tax Relief on your contributions When you pay money into your pension pot, you get tax relief. A basic- rate taxpayer gets 20% tax relief on their pension payments, a higher rate payer 40% and an additional rate payer gets 45%. As...