On April 6th, the earliest age people can draw pension benefits rises from 50 to 55.
If you’re 30 now, you might file that under “whatever”.
If you’re between 50 and 54 now, you might want to think about whether the change will affect you. Obviously, the younger you are, the longer you will have to wait to draw your pension.
The pension companies are already busy with this work, tons of people need information – at least – and some are choosing to, er, board the flight if you’ll forgive the metaphor.
If you are affected, don’t leave it until the last minute to think about it.
News, What's on my desk right now
06/04/2010, age 50, pension, retirement
No, this isn’t a public flogging for my hubby (even though he didn’t empty the dishwasher this morning), this is about other people’s divorces.
I advise a lot of people on the financial implications and consequences of splitting up, you see.
Sometimes, they need help with carving up the marital assets. The house and and bank accounts are easy, but what about investments? pensions? Especially pensions, as they can be worth more than the house.
Sometimes, they need help protecting maintenance payments, to make sure that the income keeps coming even if ex-hubby gets ill or dead (they still won’t pay if you murder him, so don’t bother thinking of that as a strategy. It won’t work).
What’s my advice in a nutshell? – Try Relate! (it’s a lot cheaper)
What's on my desk right now
consent order, divorce, maintenance, pension, relate, sharing order
You might have noticed a bit of a drop-off in share values lately?
If you’ve got a pension, it’s probably worth less than it was a year ago. So why bother paying any more in? Or, if you’re young enough, why bother starting one?
Forget, for a minute, that “pensions” usually seem to be over-priced contracts, of more benefit to the pension provider than to you.
For example, consider the sentence Read more…
Building Wealth
pension, property, retirement, savings
