What is the MPAA Rule in Pension Drawdown?
Introduction: Understanding the MPAA Rule The Money Purchase Annual Allowance (MPAA) is an important pension rule in the UK that limits how much you can contribute to your pension once you have started withdrawing taxable income from a defined contribution pension. The MPAA is designed to prevent ‘pension recycling‘, where individuals withdraw pension savings and […]
How an Annuity Impacts Your Pension Drawdown
What is the Role of Annuities in Pension Drawdown For many retirees, managing a pension pot is about striking the right balance—ensuring you have enough income to live comfortably while making sure your savings last. One option that often comes up in pension planning is an annuity. If you’re exploring pension drawdown options, you might […]
Different Types of Pensions: SIPP vs Other Pension Options
Why Choosing the Right Pension Matters When planning for retirement, one of the most important decisions you’ll make is choosing the right type of pension. With several different pension options available in the UK, it’s essential to understand how they work, their benefits, and their potential impact on your financial future. Two of the most […]
What is a Workplace Pension?
A Quick Primer to Workplace Pensions What is a Workplace Pension? A workplace pension is a retirement savings scheme arranged by your employer to help you build a pension pot for when you retire. If you are employed and meet the eligibility criteria, you are automatically enrolled into a workplace pension under the UK’s […]
Why Calculating Your Pension Drawdown Matters
Pension Drawdown Calculations: A Brief Intro Most people enter pension drawdown with a simple goal: to enjoy a steady retirement income while keeping their pension pot working for them. You withdraw an amount, hopefully see your investments grow, and maintain financial stability throughout retirement. Sounds straightforward, right? But once you start looking into how your […]