It’s important for you to take advantage of company pension schemes. In terms of ‘money-purchase’ or ‘defined contribution’ schemes (where you take on the risk by investing in the stock market through funds normally selected for you), most employers will at least match your contributions and many will put in more. For example, you put [...]
The basic State Pension
Anyone who has worked and paid enough National Insurance (NI) contributions for a set number of years should be eligible for the basic state pension. It is currently paid to women over the age of 60 and men over the age of 65. But be aware that from 2010 the qualifying age [...]
Pensions – the basics
When to start a pension
The simple answer is: as soon as possible. The earlier you start, the more you will probably have at the end. However, it is important to maintain a sense of balance. If you are in your early twenties, earning a small wage and trying to scrape by, it [...]
Current Annuity Rates
Please choose between: Level or RPI
Escalation: Level
Last updated: 16 March 2009
Provider
Rank
Income
Provider
Rank
Income
Male 55 , Single Life
Legal and General
1
£6,157.68
AEGON Scottish Equitable
2
£5,957.04
Norwich Union
3
£5,910.00
Canada Life
4
£5,831.76
Male 60 , Single Life
Legal and General
1
£6,675.00
AEGON Scottish Equitable
2
£6,490.08
Norwich Union
3
£6,480.00
Prudential
4
£6,411.72
Male 65 , Single Life
Legal and General
1
£7,375.80
Norwich Union
2
£7,230.00
AEGON Scottish Equitable
3
£7,205.04
Prudential
4
£7,146.48
Male 70 , Single Life
Legal and General
1
£8,336.76
Norwich [...]
How to find the cheapest Sipp
There is a huge range of Sipps on the market. There are some very sophisticated plans that may be suitable for large pension plans that allow spicier investments, such as direct holdings in commercial property. This guide focuses on no-frills plans where the provider gives no advice.
These are the questions [...]
