Review our financial fitness checklist to see how we can help you make more of your money Utilise personal pension tax relief When you contribute to a registered pension scheme, you automatically receive basic rate tax relief on your contributions. Your personal pension tax relief depends on your circumstances. These are the current UK pension tax… Continue reading Get your finances in shape this summer
Category: News
Automatic enrolment workplace pension reform
Encouraging more people to save towards their retirement The Government’s flagship scheme to encourage more people to save towards their retirement is well underway – but there’s still a distance to go. Under the workplace pension reform, also known as automatic enrolment, all UK businesses will legally have to offer pensions to workers eligible for… Continue reading Automatic enrolment workplace pension reform
Pension wealth check
10 ideas served up to help youmaximise your pension provision It’s important to review your pension planning regularly to make sure it still meets your specific requirements. Over time, your circumstances may have changed, so we have provided ten areas that, if appropriate to your particular situation, should be reviewed. 1. Check your State Pension… Continue reading Pension wealth check
Are you aware of the Budget changes?
You could be missing out on your retirement options More than one in three people approaching retirement are unaware of the pensions reforms announced in the March Budget, according to new research[1] from MetLife. Its study among people aged 55 and over with pension savings shows 35% are either unaware or unsure about the overhaul… Continue reading Are you aware of the Budget changes?
Tracking retirement savings trends
Records at five-year high, according to new report The number of people saving adequately for retirement at 53% is the highest it has been since 2009 and the biggest ever year-on-year rise, up from 45% in 2013, as the impact of auto enrolment and improvements in the wider economic environment begin to take effect. T… Continue reading Tracking retirement savings trends
Wealth planning strategy comes under scrutiny
Concerns a tax planning arrangement was being abused HM Revenue & Customs (HMRC) has confirmed that new proposals for a single nil rate Inheritance Tax (IHT) band for trusts will not be applied to existing trust arrangements, where no further assets are added or variations made to that trust. Multiple trusts Setting up multiple trusts… Continue reading Wealth planning strategy comes under scrutiny
Future pension savings
New freedom could still prove costly The Budget 2014 announced unprecedented flexibility and choice in how people can use their pension savings in the future. From 6 April 2015, people over 55 can choose to withdraw their pension savings as they wish, although this will be subject to their marginal rate of income tax in that year. However, a large… Continue reading Future pension savings
Budget tax trap on pension withdrawals
Helping you to understand the increased flexibility and choice available to you The Budget announced unprecedented flexibility and choice in how people can use their pension savings in the future. From 6 April 2015, people over 55 can choose to withdraw their pension savings as they wish, although this will be subject to their marginal… Continue reading Budget tax trap on pension withdrawals
Income generation
Withdrawing income without prematurely depleting your portfolio Investing for income is not simply about establishing a portfolio of income-generating investments. It is also about the strategies you use to withdraw income from this portfolio. To do this effectively, without prematurely depleting your portfolio, three of the key areas you need to consider. 1. When to draw… Continue reading Income generation
A NISA home for your investments
Providing you with increased simplicity and greater flexibility Individual Savings Accounts (ISAs) have been around since 1999, providing a tax-efficient wrapper for savings and investments. However, in the recent Budget, the Chancellor, George Osborne, promised to increase the simplicity and flexibility of ISAs. As of 1 July 2014, there is now a single ISA which… Continue reading A NISA home for your investments
