Children’s pensions enable parents, grandparents, and guardians to contribute towards the financial security of the next generation. Here’s how a child’s pension works, the pros and cons, and how much it could be worth.
Pension consolidation can make it easier to manage various pension pots but there are drawbacks too. We set out the pros and cons of consolidating your pensions and how you can decide whether it’s right for you.
Salary sacrifice schemes operate in the same way as other workplace pensions whereby both you and your employee contribute to their pension fund. All of their pension contributions will be made by you and classed as ‘employer contributions’. Salary sacrifice is also sometimes known as ‘salary exchange’.
What is a SIPP, and is it the best option for you to plan for your retirement? Managing your own pension has become increasingly popular in recent years, but you need to have the confidence and time to do so.