Category: Pensions and Retirement
How Pension Sharing Works in UK Divorce Settlements
Understanding Pension Sharing on Divorce Understanding Pension Sharing on Divorce Pension sharing is a legal process that allows pensions to be divided fairly between spouses or civil partners when a marriage or civil partnership ends. In the UK, pensions are often one of the most valuable assets a couple owns, sometimes even more significant than…
State Pension Age: UK Legal Overview
What is the State Pension Age? The State Pension age is the earliest age at which you can start receiving your State Pension from the government. This age is not fixed for everyone – it depends on your date of birth and is set by the UK government, taking into account factors like life expectancy…
Accessing Your Pension Savings: Legal Overview
When Can You Access Your Pension? Most people in the UK can start accessing their pension savings from age 55. However, this minimum age is set to rise to 57 from 6 April 2028. It’s important to keep this in mind when planning for retirement, as accessing your pension before the minimum age is usually…
Pension Mis-selling and Complaints: Legal Overview
Understanding Pension Mis-selling and Complaints Understanding pension mis-selling and complaints is key to protecting your financial future. Pension mis-selling happens when you receive poor advice or are sold a pension product that isn’t suitable for your needs, often without being given all the information you need to make an informed decision. Common issues people face…
Pensions and Bereavement: UK Legal Overview
Understanding Pensions and Bereavement When someone passes away, understanding what happens to their pension is an important part of managing their affairs. A pension is a way of saving for retirement, providing income later in life. After a bereavement, knowing how pensions work can help families and dependants access any benefits or payments they may…
State Pension: UK Legal Overview
What is the State Pension? The State Pension is a regular payment from the UK government, designed to provide a basic income for people who have reached the official State Pension age. This age is set out in the Pensions Act 2014 and can change based on government policy and your date of birth. The…
Understanding Workplace Pensions: Your Rights and Options
What Are Workplace Pensions? A workplace pension is a retirement savings scheme arranged by your employer. It’s designed to help you build up a pot of money for your retirement, with contributions made by both you and your employer, plus tax relief from the government. This system ensures that saving for retirement becomes a regular…
