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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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‘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
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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
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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
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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
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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