GIVING WHILE LIVING
WHAT WILL YOUR LEGACY LOOK LIKE? April brought a host of changes to the UK’s tax regime, with some thresholds for taxes such as additional rate Income Tax being lowered while others, such as Corporation Tax, are increased. However, the Inheritance Tax (IHT) nil-rate band has remained stagnant at £325,000 since 2009, despite the meteoric […]
PENSIONS OF SIGNIFICANT VALUE
WELCOME BUT UNEXPECTED CHANGES TO PENSION TAX Chancellor Jeremy Hunt’s first proper Budget 2023, on Wednesday 15 March, brought some welcome but unexpected changes to pension tax. The changes are designed to alleviate the impact of strict pension rules, which are believed by Mr Hunt to have had a negative impact on the country’s labour […]
MORE PEOPLE CHOOSING SEMI-RETIREMENT FOR A VARIETY OF REASONS
TWO IN FIVE OVER-55S PLAN TO GRADUALLY PHASE OUT WORKING LIFE BEFORE STATE PENSION AGE Semi-retirement is an option to consider for individuals who may not be ready to fully retire, but still wish to reduce their work hours and gradually phase out working life. By choosing to semi-retire, you can maintain a good work-life […]
EARLY BIRD INVESTORS
DOES THE EARLY BIRD GET THE ISA WORM? If you’re an investor looking to maximise your Individual Savings Accounts (ISA) returns, it’s worth considering investing your ISA allowance as soon as possible each year, as soon as it becomes available on 6 April. Not only will this help ensure that your money is protected from […]
STATE PENSION
HOW MUCH HAS THE 2023/24 STATE PENSION INCREASED BY? If you are a UK resident planning for your retirement, it’s important to be aware of the State Pension changes that have taken effect in the new tax year. From April, the amount you can now receive as part of the UK State Pension has risen, […]
MIND THE STATE PENSION GAP
KNOWING HOW MUCH YOU’LL RECEIVE IS VITAL FOR PLANNING YOUR FUTURE FINANCES The State Pension age is set to rise to 67 by 2028, followed by a subsequent rise to 68 between 2044 and 2046. However, there is currently a review being conducted to determine the appropriateness of the existing timetable. This review will help […]
FINANCIAL BLISS!
MONEY AND FINANCES ARE OFTEN A COMMON SOURCE OF DISAGREEMENT AND STRESS When you get married, or cohabit, you are not just blending your hearts and lives together, you are also combining your finances. So it is important that you take the time to discuss and plan how you will manage your combined resources in […]
GIVING RETIREMENT A SECOND THOUGHT?
OVER A THIRD OF OVER-55s THINK THEY WILL WORK BEYOND THEIR STATE PENSION AGE We are witnessing a surge in the number of people giving retirement a second thought due to inflation rates and the cost of living crisis. Not only are more individuals looking to work beyond their State Pension age, but some are […]
OVERWHELMED BY YOUR PENSION?
ALMOST HALF OF UK CONSUMERS FIND PENSIONS INFORMATION DAUNTING In an era where the cost of living is threatening to undermine consumer confidence, it’s no surprise that almost half of UK consumers find pensions information overwhelming. It can be difficult for individuals to make informed decisions about their retirement planning when faced with such a […]
MAKING A WILL
Avoid legal wrangles and confusion over who will benefit from your estate A valid Will is an incredibly important part of estate preservation planning and will ensure that, should the worst happen, your assets, whether they be Financial wealth or possessions, are distributed in an orderly fashion to the right beneficiaries.It’s important to make sure […]