{"id":5324,"date":"2015-01-05T14:00:15","date_gmt":"2015-01-05T07:00:15","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/pensions-the-10-point-action-plan-to-take-advantage-of-the-new-rules\/"},"modified":"2016-02-21T04:22:39","modified_gmt":"2016-02-20T21:22:39","slug":"pensions-the-10-point-action-plan-to-take-advantage-of-the-new-rules","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pensions-the-10-point-action-plan-to-take-advantage-of-the-new-rules\/","title":{"rendered":"Pensions: the 10-point action plan to take advantage of the new rules"},"content":{"rendered":"


\nYou don\u2019t have to be on the point of retirement to be thinking about how you will survive once you stop workNext April will see the biggest, and most popular, reform to pensions in more than a generation. Any requirement to buy an annuity \u2013 much hated because of the poor payouts they offer \u2013 will be abolished, with savers set free to do whatever they like with their pension pots after the age of 55. But to take full advantage of the dramatic overhaul, savers need to start preparing now. So what should you be doing to get ready for \u201cpension freedom day\u201d on 6 April?Guardian Money has prepared a 10-point action plan, aimed not just at individuals on the point of retirement, but at all savers from their 40s upwards who are putting money aside regularly to finance a pension. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Pensions: the 10-point action plan to take advantage of the new rules<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

You don\u2019t have to be on the point of retirement to be thinking about how...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-5324","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-1nS","jetpack-related-posts":[{"id":74232,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/protect-savers-from-cold-call-pension-fraud-by-law-mps-urge\/","url_meta":{"origin":5324,"position":0},"title":"Protect savers from cold-call pension fraud by law, MPs urge","date":"December 11, 2017","format":false,"excerpt":"\r Report by work and pensions select committee says legislative action is needed to keep savings safe from scammersAn influential parliamentary committee has called on the government to fast-forward legislation that would halt the use of cold-calling by scammers who target people\u2019s retirement pension pots.In its latest report on pension\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1032,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/most-british-savers-fully-cashed-out-pension-pots-on-retirement-after-rule-changes\/","url_meta":{"origin":5324,"position":1},"title":"Most British savers fully cashed out pension pots on retirement after rule changes","date":"January 8, 2016","format":false,"excerpt":"\r Financial Conduct Authority study finds 68% of pensions accessed between July and September were cashed out, raising concerns over investment decisionsMost British savers retiring between July and September last year fully cashed out their pension pots after rule changes, the financial markets regulator said, feeding concern they are not\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":9280,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/savers-withdraw-6bn-from-retirement-funds-after-pension-reforms\/","url_meta":{"origin":5324,"position":2},"title":"Savers withdraw \u00a36bn from retirement funds after pension reforms","date":"March 28, 2016","format":false,"excerpt":"\r Total amount that British over-55s have taken out of pensions since shakeup is lower than some commentators predictedSavers have withdrawn almost \u00a36bn from their retirement funds after the introduction of pension reforms last year.New industry figures show that just over 213,000 cash lump sum payments totalling \u00a33bn were made\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11514,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/quarter-of-a-million-savers-take-advantage-of-pension-freedom\/","url_meta":{"origin":5324,"position":3},"title":"Quarter of a million savers take advantage of pension freedom","date":"April 27, 2016","format":false,"excerpt":"\r HMRC says amount of money withdrawn from pension pots in the year since the new rules has dropped to \u00a3820m from \u00a31.5bnSavers have withdrawn at least \u00a34.35bn from pensions in the year since new flexibilities were launched, official figures show. Data from HMRC shows that 232,000 people have taken\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":16064,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/savers-paying-up-to-10-to-cash-in-pension-pots\/","url_meta":{"origin":5324,"position":4},"title":"Savers 'paying up to 10%' to cash in pension pots","date":"June 10, 2016","format":false,"excerpt":"\r Citizens Advice says 41% of people who want to access their cash are charged a fee, and those with smallest pots hit hardestAbout 160,000 people have had to pay fees to access their pensions since new freedoms were introduced, with some seeing more than 10% of their retirement pot\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12076,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ex-pensions-minister-is-still-worrying-about-pensions-we-should-too\/","url_meta":{"origin":5324,"position":5},"title":"Ex-pensions minister is still worrying about pensions. We should too","date":"May 7, 2016","format":false,"excerpt":"\r Ten million people will find their retirement payout isn\u2019t adequate. Steve Webb has an idea that may fix the biggest issue facing pension savers in BritainI met up with Steve Webb this week, the highly regarded pensions minister in the coalition government for five years until he lost his\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/5324"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=5324"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/5324\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=5324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=5324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=5324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}