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Martin Lewis says there are many ways to boost a pension pot (PA) (PA Wire) ... 25 per cent tax-free lump sum and put the rest in income drawdown, an investment product that you can take money out ...
Here are eight of Martin Lewis’s top pensions advice 1. Pensions are saved from pre-tax income.
Money Saving Expert founder calls on anyone eligible for pension to ensure national insurance contributions are in order before 5 April
Martin Lewis has urged people eligible for a state pension to ensure they have filled out any gaps in their national insurance contributions before 5 April or risk missing out on thousands of ...
Income drawdown is a method withdrawing benefits from a UK Registered Pension Scheme. [1] In theory, it is available under any money purchase pension scheme. However, it is, in practice, rarely offered by occupational pensions and is therefore generally only available to those who own, or transfer to, a personal pension.
‘Important to know when you’re likely to die’
Limited price indexation (LPI) is a pricing index used to calculate increases in components of scheme pension payments in the United Kingdom.Currently, the statutory requirement for occupational pension schemes is that pensions in payment must be increased by the lower of RPI and 2.5%.
Martin Steven Lewis CBE (born 9 May 1972) is an English financial journalist and broadcaster. Lewis founded the website MoneySavingExpert.com. He sold the website in 2012 to the Moneysupermarket.com group for up to £87 million. Lewis is currently a presenter for ITV, on the morning shows Good Morning Britain and This Morning since 2007.
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