Skip to main content

snapshot news

Our aim is to help you understand the various aspects of pension planning and to encourage better savings and personal finances. snapshot pensions is focused on providing you with key information about pensions to allow you to understand certain key aspects that may affect how much money you have when you retire.  Articles found here should not be deemed as personal advice.

Should you have any questions relating to any of the information featured here, please contact us at help@snapshotpensions.co.uk

Uncategorised

Busting The Myths About Pensions

It’s particularly helpful to become aware of the things you may have thought were facts that are actually myths. Here are some examples. If you are approaching retirement age, it’s important to know your pension is going to finance your future plans and provide the lifestyle you want once you stop working. Pension legislation is extremely complex and it’s not…
Lindsay
15 June 2021
Uncategorised

The Power of Planning

Changing shape of retirement Are you ‘mid or late career’ or planning to retire within ten years? If the answer’s ‘yes’, then you probably want to know the answers to these questions: Will I be able to retire when I want to? Will I run out of money? How can I guarantee the kind of retirement I want? But, for…
Lindsay
8 June 2021
Uncategorised

It’s Good To Talk

Getting financial help during the coronavirus (COVID-19) pandemic The coronavirus (COVID-19) pandemic has not only dealt a blow to the UK economy, many people and families have unfortunately experienced financial hardship. According to a recent survey, 31% of the population say they are struggling with their finances due to the effects of the pandemic. With the pandemic causing many workers…
Lindsay
1 June 2021
Uncategorised

The Golden Years?

Be better off in retirement Imagine you’re retiring today. Have you thought about how you’re going to financially support yourself, and potentially your family too, with your current pension savings? The run-up to your retirement may feel overwhelming, but this is an important time for you and your savings. Following the pensions reforms, there are now more options available than…
Lindsay
28 May 2021
Uncategorised

Boost Your Pension Savings

Are you ‘mid or late career’ or planning to retire within ten years? If the answer’s ‘yes’, then you probably want to know the answers to these questions: Will I be able to retire when I want to? Will I run out of money? How can I guarantee the kind of retirement I want? But, for many different reasons, planning…
Lindsay
21 May 2021
Uncategorised

Retirement Options

How to ensure a comfortable retirement The pension freedoms have given retirees a whole host of new options. There is no longer a compulsory requirement to purchase an annuity (a guaranteed income for life) when you retire. The introduction of pension freedoms brought about fundamental changes to the way we can access our pension savings. Once you reach 55 (increasing…
Lindsay
14 May 2021
Uncategorised

Suspending Pension Contributions

As more people worry about money and are struggling financially as a consequence of the coronavirus (COVID-19) pandemic, it’s likely that reducing or stopping their pension contributions may be an option to ensure they survive financially. However, while it might be tempting to cut back on your pension contributions to have more money in the short term, it can have…
Lindsay
28 April 2021
Uncategorised

Wealth Creation

If you have an income of over £50,000 it doesn’t just push you into a higher income tax bracket, it also means that you’ll pay higher tax on capital gains and dividend income from your investments. So, it’s important to choose a tax-efficient investment vehicle that is appropriate for your particular investments goals and tax position. Individual savings accounts (ISAS)…
Lindsay
14 April 2021
Uncategorised

Retirement Finances

Six years on from pension freedoms, non-advised savers aged over 50 are facing a ticking time bomb at retirement, according to a new survey . 66% of those saving into a defined contribution pension and 58% of those who have already retired have either no firm plans or no plans at all for their retirement finances. This has translated into…
Lindsay
7 April 2021