As new pension drawdown options grow in popularity, earlier this year the Government implemented a change to the limit of how much you can pay into your Money Purchase Pension Scheme, reducing it from £10,000 to £4,000.
ISA or pension – which is better? What a question. The answer to this will depend on you, but as these products work in slightly different ways, we’ll cover a few of the advantages to these products in this article.
Saving for retirement ahead of all the other daily pressures on finances can be tough. The challenge can be particularly difficult for women who take time out of work to raise a family. Research suggests that only 50 per cent of women in their 30s work full–time, compared with 81 per cent of men of the same age.