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.
UK News
The chancellor will set out her plans for the UK economy in November with speculation growing over tax rises.
The comeback in February 2026 will come five years after the chain closed its stores.
The government believes the struggling sector's six companies should be merged together, sources tell the BBC.
The retail chain said similar action could be taken in its other stores worldwide.
Sources close to the deal accept that the government needs to be seen to be tough with the company.