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MoneyMagpie

How to decide what to do with your pension pot

Reading Time: 7 mins If you’re coming up to the age of 55, it’s about time to start thinking about what you want to do with the money from your pension pot. But should you delay your pension or take it right away? If you take it, what’s the best way? Assessing your options gets overwhelming and confusing for … read more

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Retiring abroad – Your state pension

Reading Time: 5 mins Whether you’re tired of the UK’s political climate or simply fancy living in a warmer, sunnier place, retiring abroad is an option for many. But what does being an ex-pat mean for your pension and taxes? If you’re wondering whether you can still claim your State Pension, how your lump-sum payments will work, and what … read more

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Auto-enrolment: what it means for you

Reading Time: 7 mins Auto-enrolment is designed to encourage everyone in work to save for their retirement. Since it was introduced in 2012, the proportion of employees with a workplace pension has rocketed from 55% to a huge 87% in 2019. The scheme was introduced to encourage retirement planning. The idea is to reduce the future burden of older … read more

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Pension Limits Explained (And What to Do When You Reach Them)

Reading Time: 4 mins You pay into your pension every month – but did you know there’s a maximum amount each year you can put away? Or that there’s a lifetime limit? Here’s how pension limits work – and why paying into your pension as early as possible helps you build a large retirement fund. Annual and lifetime pension … read more

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Pets: slash your pets costs

Reading Time: 10 mins How much do you think looking after your pets costs? You could be spending a lot more than you could possibly imagine. The latest figures from Tesco show that our canine companions cost almost £600 a year, and require more than 600 hours of care – compared to just over £330 and 340 hours for a … read more

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Step-by-step guide to getting a stakeholder pension

Reading Time: 5 mins Due to often Stakeholder pensions offer a cheap, flexible, and easy way to build your retirement fund. But how do they work, and how do you choose the right one for you? This quick and easy guide outlines how to get a stakeholder pension that suits your retirement plans. What is a stakeholder pension? How … read more

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21 brilliant ways to be poor

Reading Time: 10 mins Find out how to be poor. Don’t build up wealth. Don’t have a rich retirement. Make sure you are poor and anxious for the rest of your life. Here are great ways to do that!

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Help for over-50s: how to save if you’re broke

Reading Time: 11 mins Saving when you’re broke and over 50 may seem impossible. You’re either still in work and trying to put whatever you can into your pension pot, or already drawing down from your pension for an income much lower than you’re used to. Having no savings and a small income, and knowing your retirement is coming … read more

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How to be 30% richer in retirement without saving any more

Reading Time: 6 mins Do you suffer from high blood pressure, high cholesterol or Type 2 diabetes? Are you overweight? Do you want to be richer in retirement without having to save a penny extra while you’re working? You may have spent your life being nagged about your lifestyle, but finally – in retirement – it could make you … read more

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New rules mean you don’t need to buy an annuity, but should you?

Reading Time: 5 mins Annuities have been the backbone of many retirement incomes for years: unfortunately, this doesn’t mean they have been universally loved. As the returns from annuities have shrunk over the years, so has enthusiasm for the products. It means there were celebrations all round in 2015 when the government decided to banish the compulsory purchase of … read more

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Do you qualify for a Help to Buy ISA?

Reading Time: 4 mins If you’re a first-time property buyer saving up for a deposit to buy a house, you then should open a Help to Buy ISA pronto. This is because this Government initiative is set to end on 30 November 2019, which leaves less than two months to open one. Take a look at our guide to … read more

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Property investment – should you be buying to let?

Reading Time: 11 mins Property investment has had a bad rep over recent years. Landlord is a dirty word for some – but if you stick to some ethical principles, you can make great returns on your investment AND be a great landlord. 2019 has seen some radical changes to the buy-to-let market, from changes in tenant fees to … read more

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