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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

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Mind the Divorce Gap

Women see incomes fall by 33% following divorce, compared to just 18% for men. Divorce is an emotionally charged event – and can be an expensive one. The financial impact of divorce can also last for decades and carry on into older age. Women are also often impacted harder financially by divorce, new research highlights. Many women are likely to…
Lindsay
2 August 2021
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Pension Boost

Are you claiming all of the generous tax relief you’re entitled to? The unique combination of tax breaks and flexible access available to pensions make them a compelling choice when saving for retirement. One of the key benefits of saving into a pension rather than another type of savings or investment vehicle is the generous tax relief you’re entitled to…
Lindsay
26 July 2021
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Pension Lifetime Allowance

Do you need to take action to avoid risking additional tax charges in retirement? When it comes to your pension, you might assume that the more that you can save into it, the better. But that’s not always the case. Once your pension savings reach a certain level, you may need to take action to avoid risking additional tax charges…
Lindsay
19 July 2021
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Money’s Too Tight to Mention

Looking to retire from work, not a paycheck? When it comes to retirement insecurity, one concern dominates all others, the fear of running out of money during retirement and with people living longer than ever before, it’s a very valid concern. A new report reveals how two-thirds (66%) of adults planning to retire this year risk running out of money.…
Lindsay
12 July 2021
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‘It’s not what you earn, it’s what you keep’

When you’re planning your retirement income, there are multiple factors to consider: how much you can expect from the State Pension, the value of the pensions you have accumulated in your working life, your projected outgoings, and your potential later life expenses. One more factor not to overlook is how much of your retirement income could you lose in taxes.…
Lindsay
5 July 2021
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Retirement Goals

Knowing where you’re going and how to get there Retirement might seem a long way off but the later you leave planning for it, the less chance you have of achieving the retirement you want. We all dream of how we’ll spend our retirement but that dream looks different for everyone. Some people want to spend more time with their…
Lindsay
1 July 2021
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Will My Pension Run Out Early?

Impact on people opting for early retirement as a result of the pandemic An increasing number of people have been forced into early retirement due to the economic impact of the coronavirus (COVID-19), with many worried about how they’ll make ends meet in the future. Because of the pandemic, we are currently in a challenging economic period. The global economy…
Lindsay
22 June 2021
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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
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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