Pensions

Understanding Self-Employed Pension Options

Self-employed individuals in the UK must actively plan for retirement through various pension options, including Personal Pension Plans, SIPPs, Stakeholder Pensions, and NEST, each offering unique features and benefits.

What is the Triple Lock and Why Is It Important?

The Triple Lock system, guaranteeing annual state pension increases based on inflation, earnings growth, or a minimum of 2.5%, is vital for providing financial security and stability for UK retirees amidst economic challenges.

How does Income Tax work in Scotland?

Scotland's income tax system features six bands with higher rates for certain earners, differing from the simpler three-band system in the rest of the UK, impacting take-home pay and savings.