Timothy Sumer

When you retire, you may prefer to use your retirement savings to buy an annuity, rather than use flexi-access drawdown. I want to explore 5 reasons why you might consider drawdown to be beneficial over an annuity immediately. Other videos about pensions you might like: Thanks for checking out my You Tube channel - I’m Justin King and my aim is to help people to live successful lives. That often involves understanding your money. If you enjoy this video, please press the like button to help more people like you find my channel. If you're planning your retirement and want to make the best use of your wealth to provide for your family throughout retirement and beyond, or work out how best to pay for a loved one’s care, I may be able to help you. As a Chartered Financial Planner at boutique retirement planning practice, MFP Wealth Management, I help successful people retire with complete confidence. To explore whether I could help you, get in touch at Get my weekly n

The DWP - Department for Work and Pensions – has updated its guidance for the next of kin or executor for someone who has died who may have been underpaid their State Pension. That’s because they did not get the automatic increase in their pension that they were entitled to. This is relevant for people who reached State Pension age before and after 6th April 2016, and the following groups of people: - those who were married or widowed when they died; - and those aged 80 or over when they died. Useful links: Request information from DWP about underpaid State Pension for someone who has died: About the Lower Basic State Pension (Category BL State Pension): More about inheriting some of your spouse or civil partner’s State Pension when they die: More about the Over 80 pension - Other videos you might like: Everything you should know about State Pensions in the UK - State Pension top-up for UK residents aged over 80 - Can you inherit a spouse's state pension if

The new state pension replaced the basic and additional state pension for those who reach State Pension Age on or after 6 April 2016. I’m going to explain how your entitlement to the new state pension is calculated and what happens if you’re in the fortunate position where your state pension benefits are projected to exceed the amount of the new state pension. I will also explain how you can ensure you receive the full new state pension, if you’re currently projected to fall short. Other videos you might like: Check your eligibility to top up NI contributions back to 2006: How the new state pension differs from the basic & additional state pension: add link Getting your State Pension Forecast and National Insurance Record (2021): How to interpret your State Pension forecast: How to reduce a potential shortfall in your State Pension entitlement: Should You Top Up Your NI Contributions For A Better State Pension?: Can you inherit a spouse's state pension if