The fundamental idea of a personal pension plan is simple. You put money into a savings fund and it hopefully grows in value. At retirement, you have several options which are usually designed to replace some (or all) of your employment income.
With pensions being most people’s second-largest asset, they can become a major consideration in any divorce settlement.
Personal pensions may be suitable if you are self-employed, if you are not working but can afford to put aside money for retirement, or even in addition to a company pension.
UK News
Managers have been lined up to take control in a bid to protect 1,500 jobs at the Yorkshire plant.
Reports suggest the government is considering shaking up the property tax system to raise revenue.
Charles Brohiri was granted bail despite clocking up £30,000 in penalty fares.
Food and drink prices have risen by 4.9% over the last year, according to ONS inflation data.
Shares in Target dropped nearly 11% before recovering slightly after the announcement.