The Financial Times guide to pensions and wealth in retirement / John Greenwood.

Format:

Book

Author/Creator:

Greenwood, John, 1964- author.

Series:

The Financial Times Guides.

Language:

English

Subjects (All):

Retirement income--Planning.

Retirement income.

Old age pensions.

Finance, Personal.

Genre:

Libros electrónicos.

Physical Description:

1 online resource (1 v.) : ill.

Edition:

2nd ed.

Other Title:

Guide to pensions and wealth in retirement

Pensions and wealth in retirement

Place of Publication:

Harlow, England : Pearson, [2012]

Language Note:

English

System Details:

text file

Summary:

This book will help you navigate your way through the complex maze of state, private, workplace and individual pensions, offering you a range of achievable solutions you can carry out yourself to make a significant difference to your retirement income. It explains the different types of pension that exist and offers expert advice on efficient ways to build a secure retirement and how to manage that security once you have retired.

Contents:

Cover

The Financial Times Guideto Pensions and Wealthin Retirement

Contents

Preface

Acknowledgements

The second edition

Part 1 Pensions: what they mean to you

Solving your own personal pensions crisis

How do I visualise my retirement?

The 'pensions crisis'

Planning for your retirement

Pensions: an overview

Recent changes in pension rules

Are pensions the best way to save for retirement?

Drawing up your retirement saving plan

How much will I need?

How much am I currently saving?

Your pension shortfall

How much will it cost to plug my shortfall?

Other ways to reduce your pension shortfall

Women and pensions

The self-employed

Part 2 Private pensions

How private pensions work

Tax relief

Getting money into a pension for no net outlay

Drawing an income

Tax-free cash lump sum

Pensions as medium-term savings vehicles

Limits on pension saving

Pensions for children and non-working family members

Personal and stakeholder pensions

Personal pensions

Stakeholder pensions

SIPPs

How to beat the corrosive effect of charges

Workplace schemes: money purchase

Will my workplace pension be enough?

Occupational money purchase schemes

Group personal pensions and group stakeholder pensions

Recoup unclaimed higher rate tax relief

Security of workplace money purchase schemes

Auto-enrolment and Nest

Workplace schemes: final salary/defined benefit

Bad press for final salary schemes

Security of defined benefit pensions

Buying added years or additional pension

Additional voluntary contributions

Transfers out of final salary schemes

Death benefits

Self-invested personal pensions (SIPPs)

What is a SIPP?

Different types of SIPP

SIPP charges

Transfers into SIPPs

Investing in commercial property

Borrowing

Shares.

Drawing benefits

Family/own-trust SIPPs

Small self-administered schemes (SSASs)

How an SSAS works

Investing in the sponsoring company

Lending your pension to your company

Commercial property

Drawing income from an SSAS

Estate planning: scheme pension

Investment strategy: constructing your portfolio

The relationship between risk and return

What can I invest in?

Asset allocation

Asset classes and their risks

Your attitude to risk

How much risk can you afford?

Ethical investing

Part 3 State pension provision

State pension

State pension: what will I get?

State second pension

Delaying state pension

Inheriting state pension

Inheriting state second pension

Pension Credit and means-testing

Extra money for lower income pensioners

How Pension Credit works

Pension Credit, means-testing and the disincentive to save

So should I give up on pension saving altogether? And should I opt out of Nest or the employer's pension scheme I have been automatically enrolled into?

Contracting out of the state pension system

How contracting out has worked

From creation to abolition

Contracted-out occupational schemes

Claiming compensation for incorrect advice to contract out

Part 4 Wealth management in retirement

Managing your retirement

Choosing when to retire

Non-pension assets

How will your income needs vary through retirement?

How to convert your pension into income

Early retirement

Working later than you had planned

Raising cash on your home: equity release

Annuities

Shopping around for the best deal

Inflation protection

Providing for a spouse or partner after your death

Guaranteed annuity payments

How do I want to be paid?

Annuities for smokers

Annuities for people in poor health

Fixed-term annuities.

Investment-linked annuities: with-profits annuities

Investment-linked annuities: variable annuities

Income drawdown

How income drawdown works

Capped drawdown

Flexible drawdown

What happens to the fund on death

Retirement savings not held in pensions

Investment approach

Disputes and unclaimed pensions

Disputes over pensions

Unclaimed pensions

Retiring abroad

Residency requirements

Currency risk

Inheritance Tax planning in retirement

Unmarried couples

Gifts made when you are still alive

Useful contacts

Index.

Notes:

Includes index.

Description based on print version record.

Description based on publisher supplied metadata and other sources.

ISBN:

9780273763048

0273763040

9780273763055

0273763059

OCLC:

1015886978