Timothy Sumer

HOW much SHOULD I save for RETIREMENT? Is contributing 8% of gross salary to a personal pension enough to build a retirement income? What factors are involved in building a pension and what we can and can't control? What to think about if your pension contributions are based on 'qualifying earnings'... We take a look at the minimum pension contribution required under auto enrolment. Also what size pension pot could an 8% pension contribution build along with showing some examples using our cashflow modelling tool, the impact of higher contribution levels, of starting later etc. Link to OECD Pensions at a Glance: Link to the Government Money Helper Website: Link to Government review of qualifying earnings: 🗒 Please note: The information provided is based on the current understanding of the relevant legislation and regulations and may be subject to alteration as a result of changes in legislation or practice. Also it may not reflect the ...

How to retire using an ISA & PENSION tax efficiently // UK Pension & ISA In some recent research from Aviva the age at which most aspire to retire early is at age 60. This therefore leaves a gap between age 60 and their State Pension age. This video looks at the position of having both pension and ISA assets and considers where should the income be taken from and how it can be balanced and drawn in the most tax efficient manner. We'll also consider the death benefit position of each in terms of tax. Aviva article referenced: I can be contacted at edmund@featherstonepartners.co.uk 🗒 Please note: The information provided is based on the current understanding of the relevant legislation and regulations and may be subject to alteration as a result of changes in legislation or practice. Also it may not reflect the options available under a specific product which may not be as wide as legislations and regulations allow. All references to taxatio...