22 Feb 2012
PPI payments 'hit £1.9bn in 2011'
Banks paid out £1.9bn in compensation in 2011 for the mis-selling of payment protection insurance, a watchdog says.
Pension Annuities
If you have a personal pension you can choose when to start taking the income from your pension between age 55 and 75.
Part of your pension can normally be taken as a tax-free lump sum and this is usually 25% of the fund value. The remainder can then be used to purchase an annuity which pays you a taxable income for the rest of your life.
Annuities are provided by insurance companies. The company that you choose promises to pay you a regular secure income in exchange for your pension fund, no matter how long you live. However, because the income is fixed it is important to choose your options carefully, as once it is set up you cannot change your mind.
Is this you?
- Retiring shortly and need to know the options I have.
- I need someone to compare the best Pension Annuities available.
- I have poor health and have heard I can get a higher Pension Annuity
Contact us now or click below for further details
The Open Market Option – It is vital that this is considered
Do I have to take an annuity? The Alternative
Income Pension Drawdown (Unsecured Pension)
I just want my Tax Free Cash?
Whether you are retiring shortly or in the next couple of years, please contact us for an initial discussion.
News
22 Feb 2012
New targets for tax inspectors
Tax inspectors will target the motor trade, market stallholders and clothing sellers as they extend their campaign against tax dodgers.
