Tag: guaranteed income

By Maria Espadinha The chair of the influential work and pensions select committee has called for the creation of a minimum income requirement for people to be able to withdraw all of their retirement fund via pension freedoms, to prevent people claiming state benefits if they run out of money.

Such a move would essentially be a reversal of rules introduced two years ago which gave people total access to their nest eggs to do with as they want.

Frank Field said today (1 November) at a hearing in Westminster that he always supported the drawdown system introduced with pension freedoms […]

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Two years since the pension freedoms launch in April 2015 and over £9.2 billion has been released according to figures published by HMRC .

Drawing money from your pension pot is a seemingly attractive option, giving the freedom to withdraw
either some or all of your fund as a cash lump sum, however you see fit.
See also: Why you shouldn’t ignore the workplace pension See also: Millions working into old age because they don’t pay into pensions Although, it is important that you consider the tax implications of this option. Typically 25% of any withdrawal will be tax-free […]

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In the past few years, thousands of illegal shrimp rearing ponds have come up in East Godavari district, damaging fertilie soil and groundwater A saline water pond to cultivate Pacific white shrimp (Photos: Vikas Choudhary) G SREENIVAS GROWS paddy twice every year on his 0.3 hectare (ha) farmland in Dugdurparly village, East Godavari district, Andhra Pradesh (AP). But for the past one year, he hasn’t been able to grow any¬thing even though his village lies in the Konaseema region, one of the most fertile plains in the country. The reason: Sreenivas points to an illegal shrimp rearing pond right […]

Full Post at www.downtoearth.org.in

A new report by Moneyfacts has revealed that while the total amount of money being saved into personal pensions may now have surpassed the pre-financial crisis high, the retirement incomes that are being delivered are still 27% lower than in 2008, so retirees continue to lose out in real terms. Significantly lower incomes

According to estimates from HMRC, personal pension contributions surpassed their 2007/08 peak in the 2015/16 tax year, while personal pension membership is also at a record high. Yet while this initially sounds good news, the latest Moneyfacts UK Personal Pension Trends Treasury Report revealed that […]

Full Post at moneyfacts.co.uk

Pensioners’ annuity incomes plunge by 37pc in eight years View article All things point to a rise in the Bank Rate – and savings and annuity rates are already creeping up in anticipation. Anyone who wants to buy an annuity, an insurance contract that pays an income for life, with their pension pot will be desperate to avoid “buyers’ remorse”: buying now and then regretting it if rates improve.

There are several practical ways in which annuity buyers can reduce this risk. They could buy a “fixed-term” annuity ; they could wait until rates rise (and they age); or they […]

Full Post at www.telegraph.co.uk

Guaranteed Income – For Life

For most retirees these days, maximizing the amount of income they can safely take out of their portfolio is the most important financial objective. It’s the one thing that makes everything else possible. Being able to enjoy time with grandchildren, take time out to enjoy golf or travel, secure your nest egg against the need for long term care – it all hinges on your ability to convert your retirement nest egg to an income that will last you and your spouse a lifetime.

Some advisors rely on mutual funds and a tool called "Monte […]

Full Post at nearsay.com

Hon. Bob Nault making announcement on Fednor Funding By Bob Nault MP – Kenora Week of October 30, 2017

Kenora – POLITICS – When Canadians succeed, together we build a better future. The 2017 Fall Economic Statement was released last week and it detailed the progress demonstrating that Canada’s economy is not only growing, but outperforming expectations. In fact, Canada has the fastest growing economy of all G7 countries.

While there is still much more to be done, particularly in rural Canada and in Northern Ontario, the economic update demonstrates that we are on the right path as long as […]

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