Brunsdon Financial to sponsor Pension Awareness Day campaign
Here at Brunsdon Financial, we believe that employers and their team can get the best out of their pension by arming themselves with useful knowledge to stand them in good…
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When was the last time you checked in with your pension?
Pensions have taken centre stage in the news recently with regards to the future of the ‘triple lock’ feature, amid record rises in earnings of 8.4% in the 12 months…
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Make Sure You’re Not Sleepwalking into Your Pension
You will remember that back in 2015 the then Chancellor, George Osborne, introduced a number of freedoms for people who had ‘Defined Contribution’ (DC), ‘Money Purchase’ or ‘Cash Balance’ pension…
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Back to Basics: The pros and cons of consolidating pension pots
You will know that the UK labour market has changed a lot over the years. On average, UK residents switch jobs 11 times during their working life. As a result,…
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Back to Basics: What’s a Default Fund?
Modern Workplace pension schemes are often Defined Contribution plans, such as Group Personal Pension Plans or Group Self Invested Personal Pension Plans. When someone joins this type of pension plan,…
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Minimum pension age to rise to 57 – What does it mean for me?
In response to a question from Labour MP for East Ham, Stephen Timms, the Government recently confirmed its plans to raise the age at which individuals are allowed to access…
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Back to Basics: How does a DC pension work?
What is a DC pension scheme? Workplace pension schemes are broadly divided into two types – Defined Benefit (where we know what will be paid out but are uncertain about…
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Group Pension Schemes: As an employer, what are your governance responsibilities?
Automatic Enrolment of employees into their company’s pension scheme has been mandatory since October 2012. Since that date, all employers must provide a pension scheme for their employees. But employers’…
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Are your employees in the 60% tax trap?
You will know that the personal allowance is the amount of annual earnings that your employees can earn before paying any income tax. For the 2020/21 tax year, this is…
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The state pension – do you know your entitlement?
The ‘new State Pension’ (as it is still referred to on the gov.uk website) has been in place since 6 April 2016, yet many people remain unaware of what they’ll be…
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