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Pension Advice to Rely On
Good, reliable pension advice needs to be impartial and independent, extremely well-informed and designed with only your own best interests in mind The best way to secure just that advice is through the services of an independent financial adviser specialising in pensions planning

The Nursing Profession ' a New Era in Obama's Presidency
Since he won the race to the White House, Barack Obama has been exploiting his maximum effort to protect the rights and improve the standard of living of every worker in America Obama sees that every worker should be offered reasonable pays, convenient health care services and a dignifying retirement pension

What is Meant by Pension Drawdown?
Some pension schemes - notably self-invested personal pensions, executive pension plans and small self-administered pension schemes - allow a contributing member aged between 50 and 75 to leave their pension savings invested in the fund and to take out a regular income rather than buy an annuity This is known as pension drawdown or pension income drawdown The advantages The main reasons for taking a pension drawdown are twofold: if annuity rates are low, then the fund-holder can delay buying an annuity, since the older you are when making that purchase the more attractive a rate of return will be offered; and, if the pension investments remaining in the fund are performing well and are expected to continue to so into the future, then the ...

SIPP Investors taking control of their pensions
One of the main reasons for an investor choosing a self invested personal pension (Sipp) is because they can actively manage how their pension is invested.

Extracting company profits to invest in property, using your pension
This month's wealth article explores how profitable business owners can benefit, due to concessions in the finance act of 2004. Once your business is on track and delivering profits, the most important consideration is how to maximise you and your family's future income for you from these profits. This article looks at a topic that has grabbed much media attention recently - using your profits to invest in a company pension, which uses property as the investment vehicle. A Pension Mortgage is one of the most tax efficient methods of repaying a loan on an investment property.

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Contractor Pensions: Top Tips To Build A Nest Egg Whilst Contracting

So, you've just started out on a new contracting career many years after leaving college and pensions are for senior people, right? Or after twenty years in the saddle, and the same number of years of your ex-employer paying into your non-contributory pension pot, you've done what you always wanted and started out on your own. So the last thing on your mind is a pension.

Wrong. Pensions are still the most tax-efficient way of investing your hard-earned contracting cash, and you can build up a whole lot more with the right financial advice. Whatever stage of your freelance career you're at, here are some tips to build a nest egg whilst contracting:

1. Pensions are hugely tax efficient, except for the very highest earners

Your company can pay cash into pensions before declaring a profit and paying tax, so investing in a pension is still the most tax-efficient way of investing for your future, except for those earning over £130,000pa. 2. Your contractor limited company can top-up a pension

In addition to your own payments, your contractor company can invest into pensions on your behalf.

3. You can take out a tax-free lump sum at 55

If you choose to retire at 55, you can take a tax-free cash lump sum of 25% and use the remainder to purchase an annuity, or keep the remainder and top-up the fund from future earnings.

4. Caught by IR35? You can still pay into a pension

Even if you are working on a contract that is inside IR35, you can still pay into a pension pot before any tax is deducted.

5. Some higher earners can still tax-efficiently invest in a pension

If you are earning over £130,000 per year, but have been making regular monthly pension contributions, you can still qualify for 40% tax relief.

6. Contractor pensions are uniquely flexible

The right pension scheme can follow you through your entire career, which could span self employment, employment by an umbrella company and limited company contracting.

7. You can choose when to retire

Many company schemes can be highly inflexible, meaning you can only retire when the rules allow. But if you've been running your own private pension, you can retire when you like, continue working past retirement age, or even keep your hand in working part time to top-up your pension earnings.

8. If you die, your family can inherit tax-free

If you die before you retire, your fund transfer to your heirs is tax free.

9. Pensions are safe

Pension funds have strict rules to ensure they don't go bust. So, if you've chosen a low-risk option, your investment is safe.

10. You choose where to invest

The nature of pension funds is entirely up to you, but best based on advice from your financial adviser. You can include stocks, cash or property in your pension investments, depending on your personal approach to risk.

Dave Chaplin was an IT contractor in the City and knows what it takes to carve out a successful contracting career. He has turned all his and dozens of experts' experiences into a fantastic resource of guides, advice and detailed contractor information, including loads of guidance about contractor pensions, which you can download free from http://www.contractorcalculator.co.uk.


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