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Willday Blog

At Willday Wealth Management, we believe that knowledge is meant to be shared.
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Pensions decoded: Defined Benefit versus Defined Contribution

Pensions decoded: Defined Benefit versus Defined Contribution

In the UK, the two most common types of pension are Defined Benefit and Defined Contribution pensions. Each operate in different ways, which will impact your retirement differently. In this article, we discuss some of these differences, including how the amount you’ll receive is determined and what happens to your pension upon your passing.

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Trace your pension, consolidate and save

Trace your pension, consolidate and save

October 26th is National Pension Tracing Day. Learn why you may have multiple pension pots, which may result in losing track of them. We also discuss how you can mitigate this risk by consolidating your pensions.

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Pension withdrawal before the Budget? What you need to know

Pension withdrawal before the Budget? What you need to know

With the upcoming Autumn Budget, speculation is rife about what may be included. Some of this surrounds pensions, which has led to some considering withdrawing funds from their pension in advance of the announcement. We’ll explore why you may consider this as well as drawbacks to early pension withdrawal.

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