Cashing in a Pension – Is It the Right Choice for You?
You become eligible to access your pension funds when you are 55 years old. You also have the option of cashing in your pension to change it to a flexible or guaranteed income any time. However, it may not be in your best interest to take as much as you please. There are certain parameters … Continue reading “Cashing in a Pension – Is It the Right Choice for You?”
Things You Need to Know About Defined Benefit Pension Transfer
When they retire as an employee, some individuals are members of a Defined Benefit (DB) pension scheme. Also known as a ‘final salary pension scheme’, it promises income payout based on your earnings when you retire. DB pensions are different from Defined Contribution (DC) pensions, as the amount you will receive at retirement is already … Continue reading “Things You Need to Know About Defined Benefit Pension Transfer”
Know What Final Salary Transfer Means
A final salary pension is a kind of defined benefit pension that pays out a secure income for life at retirement. Increases also apply on the amounts received throughout retirement. Some people consider moving their defined benefit pension to a defined contribution pension arrangement as these can be accessed more flexibly so this might seem … Continue reading “Know What Final Salary Transfer Means”
Steps to Follow for Transferring UK Pension to New Zealand
Many British Expats find New Zealand to be the ideal destination for retirement. NZ’s sprawling nature offers the best opportunities to explore and experience the great outdoors, which appeals greatly to expats wanting balance between city and country life. Moving abroad to retire, however, isn’t as simple as picking up your stuff and going. You … Continue reading “Steps to Follow for Transferring UK Pension to New Zealand”
How to Choose Advisers for Transferring UK Pension to Australia?
Moving abroad can be an amazing prospect for anyone who has found better opportunities to advance their career or perhaps spend their retirement age elsewhere. This said, doing so also brings many important questions and great challenges, especially when it comes to financial management. When moving abroad, it is important to ask yourself how to … Continue reading “How to Choose Advisers for Transferring UK Pension to Australia?”