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
Chancellor Rachel Reeves made a series of announcements aimed at relieving cost-of-living pressures.
Chancellor Rachel Reeves unveils measures aimed at helping families with the cost of living - but is it enough?
The airline has seen no problems with fuel, but says people are booking later because of uncertainty caused by the Iran war.
The retail giant said it expects customers to cut back in the coming months due to higher pump prices.
Rob Flello, boss of Ceramics UK, says the support recognises the importance of the industry.