Approaching Retirement A guide to tax and National Insurance contributions

This leaflet covers in general terms what most people might want to know as they start their retirement. Broadly, how much tax you pay depends on your income.

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Income withdrawal a retirement option for you

This is aimed at people who are approaching or who have reached retirement age, have a pension fund and want to take a tax free lump sum or start drawing an income from it. It explains how income withdrawal works, the advantages and disadvantages, how to get advice on making a decision, and where to […]

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Retiring Soon what you need to do about your pensions

This sets out retirement entitlements, and covers how pension funds are converted into pension income, how to trace old pensions, & where to get further help.

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Income Tax Pensioners

Overview of income tax for pensioners

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Raising money from your home

This is aimed at home owners who would like to have a regular income, a cash lump sum or both. It explains how equity release scheme could do this, how they work & the risks, and how money might be raised in other ways.

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Pension Credit Factsheet 48

This factsheet contains information about Pension Credit, a means-tested benefit for people over State Pension age (currently 66). It gives information about the eligibility criteria for Pension Credit, how to make a claim, and what to do if you have a change of circumstance. The information in this factsheet is correct for the period April […]

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Income Tax Factsheet 15

This factsheet gives basic information about Income Tax for older people. It explains tax rates, the main types of income that are not taxable and tax allowances. It also outlines how different sorts of income are taxed and includes some examples of how tax bills are worked out. The figures in this factsheet are correct […]

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Equity release Deciding whether equityrelease is right for you

This factsheet provides information about different types of equity release, such as lifetime mortgages and home reversion plans. It includes information on: ⚫ what to consider before deciding on a particular product ⚫ equity release regulations and safeguards ⚫ how to choose an adviser. Information is also given on sale and rent back schemes, which […]

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