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.
Pension Planning
The value of investments and any income from them can fall as well as rise and you may not get back the original amount invested.
With pensions being most people’s second-largest asset, they can become a major consideration in any divorce settlement.
We all know it’s important to plan for retirement, but many of us are still not planning well, or early enough.
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.
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The trial is the latest chapter of what has become known as the "dieselgate" scandal.
The bank has set aside an additional £800m, saying the number of eligible claims is expected to be higher than previously thought.
The think tank says the government should seize the opportunity to reform the tax system.
Average mortgage rates have increased month-on-month for the first time since February, says Moneyfacts.
The move, which is aimed to protect supplies of technology, could raise tensions between the EU and China.