magazine archive
magazine archive
Ask Rachel
Do rule changes mean I can start paying into my pension again?
Thursday 01 Feb 2024I took out fixed protection years ago and stopped paying in contributions from March 2016. My SIPP fund is now worth £1.5 million. I have heard the rules have changed and I can now start paying in? Is that right? And if so, do the usual rules apply to my pension fund and I can take a quarter of it...
I'm approaching 75 what should I do with my SIPP?
Thursday 25 Jan 2024My wife and I are both retired with excellent private and state pensions which more than cover our lifestyle. I am 74 years old. I also have another SIPP pension of £350,000 which I have not drawn down. If I do nothing, will I lose the chance to draw 25% (£87,500) of the pension tax free? I know...
Where is the best place to put the money I'm saving on my National Insurance contributions?
Thursday 18 Jan 2024I work as a technical consultant in an air freshener company and earn £30,000 a year. I am single, aged 24 and live at home with my parents. I’m delighted the government has cut my national insurance contributions as it means I may have a bit more money in my pay packet this month. But before I go...