by Mary Waring | Jun 11, 2015 | Divorce/separation, Financial Planning, Pensions
With effect from 6th April 2016 a number of changes are taking place with regard to State Pension. Anyone who is already claiming their state pension and those who reach state pension age by this date will remain under the existing rules. This group will not be...
by Mary Waring | Jan 27, 2015 | Divorce/separation, Financial Planning, Pensions
The Scottish Widows Women and Retirement Report 2014 noted that among divorced women 84% said pensions weren’t discussed or they couldn’t remember them being discussed as part of any settlement. This is a similar figure to previous years. This is very...
by Mary Waring | Nov 27, 2014 | Financial Planning, Pensions
In their recent “women and retirement report 2014” Scottish Widows asked thousands of women about their plans for retirement. There was certainly good news, in that the number of women saving into a pension had increase by 10%. However, the report also highlighted...
by Mary Waring | Oct 14, 2014 | Divorce/separation, Financial Planning, Pensions
A pension sharing order (PSO) cannot be varied at a future date. In addition, if you are awarded a PSO from your partner’s pension you cannot apply for a second PSO for the same marriage on the same pension. It’s therefore important to ensure you take good legal and...
by Mary Waring | Jul 24, 2014 | Pensions
Under current pension rules 25% of the value of a pension fund can be taken as tax free cash. The balance is used to provide income over the individual’s lifetime. Clients have often told me they weren’t keen on saving into pensions because of the restrictions on when...
by Mary Waring | Jun 25, 2014 | Divorce/separation, Pensions
The current basic state pension is £113.10 per week which is the equivalent of £5,881.20 per annum. This basic amount is increased if you also have an Additional State Pension or a Graduated Pension. The basic amount increases each year by the “triple lock“, which is...
