Displaying items by tag: pension pots
People raiding pension pots over Budget tax fears
Rumours of a tax rise in the Budget have encouraged 16% of people to plan to raid their pension pots for tax-free cash, according to new research.
Pension 'pot for life' predicted for Autumn Statement
Pensions could become more like a bank account into which different employers have to pay, under a shake-up expected in the Autumn Statement.
Annuity rates up 20% in a year
Annuity rates have climbed again meaning a 65-year-old with a £100,000 pension pot should be able to buy an annuity income of up to £7,144 per year, up from £7,027 two weeks ago and an increase of 20% on the same period last year.
Half over 55s clueless about retirement planning
Almost half (46%) of over 55s have no idea how much money they need in order to retire comfortably, according to new research.
More than half of workers ignorant of pension pot size
More than half of workers (54%) are ignorant about the size of their pension pots, according to a major survey by pensions industry trade body the PLSA.