In this independent review I look at whether Penfold is the best way for people to manage and consolidate their pension plans and I also take a look at its...
When can you take money from your pension? In 2015 some restrictions on access to pensions were eased, so you can now access your defined contribution pension from age 55...
You may not realise it, but your pension has the potential to become one of the most important assets in your possession. The good news is that under the auto-enrolment...
A fall in energy prices and changes in public expectations have lowered the minimum amount retirees need per year. A single person needs a minimum of £13,400 per year to...
During your working life, you’ll have on average 11 different jobs according to research by the Pension Tracing Service, and that means you might have as many as 11 different...
On 24th April 2025, the UK Government announced significant plans aimed at simplifying pension savings by automatically consolidating small, inactive pension pots. Many people accumulate several small pension pots from...
More than nine years since the ‘pension freedoms’ were introduced, retirees now have greater flexibility to invest and spend their pension pots as they wish. This means that people are...
There are currently around 3.3 million pension pots in the UK that are left unclaimed, worth more than £31bn. A staggering number, but when you consider that only around 4%...
Although home ownership is an aspiration for the majority of us, increased property prices and rising interest rates mean it remains out of reach for many. So it’s tempting to...
Private pensions currently sit outside of your estate for inheritance tax (IHT) purposes but this is due to change in April 2027. Following an announcement by the Chancellor of the...
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I’m MTTM AI (beta), powered by DaMoney. I can help with personal finance questions. I’m an AI tool, not a financial adviser. Answers are for information purposes only and do not constitute financial advice. Always verify responses with your own research and seek professional advice. By using this chat, you agree to our Terms of Use.
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