Money purchase pension arrangements (or defined contribution schemes as they are also known) such as private pension plans are a common vehicle for pension provision in the UK.
The fund accrued at retirement is normally used to provide a lump sum in part, and the residual fund is used to provide a lifetime income.Read More
If you’ve been paying attention to the news lately, odds are you’ve heard a lot about the “Fiscal Cliff” we’re in danger of falling off of. However, there’s another cliff that several of us tiptoe on each holiday season that can be equally detrimental to our personal finances…Read More
It’s not just borrowers who have been hit hard by the credit crunch and subsequent bank bail outs as savers are seeing interest rates drop to record lows, some of which don’t even beat inflation – so is there still a point in saving?Read More
It’s been increasingly difficult to be accepted for any form of credit since the credit crunch began and lenders started to tighten their criteria. And where a reasonable credit score would have been enough to get you a credit card, loan or overdraft, it’s not the case these days as lenders are more choosy about who they offer credit to.Read More
If you run a business from home then you’ll already be aware of the money-saving opportunities it presents; not having to pay rent and rates on another office space, cutting out the cost of the daily commute and even cutting back on what you spend on lunch – particularly if you have one too many lunchtime trips to the pub during the working week.Read More