What’s happening with inflation?
Easing of lockdowns boosts consumer confidence and unleashes pent-up demand Understanding inflation is an important factor when it comes to your financial success. If you don’t factor inflation in when deciding where to put your money – whether that’s savings accounts or investing – you could find your wealth shrinks over the years. The current […]
HOW TO TRACE MULTIPLE OLD PENSION POTS
With the disappearance of the job-for-life and with more people moving jobs several times throughout their working life and accruing multiple pension pots along the way, it can be all too easy to lose track of the pension funds built up. Over time, pension schemes close, merge or become renamed, Changed job? Moved house? It’s […]
TOP PENSION TIPS IF YOU’RE ABOUT TO RETIRE
Understanding your options and putting a plan in place We spend our working lives building towards retirement. Choices we make today will have a big impact on the quality of our lives later on. If you only have a handful of years to go until you reach your retirement, it has never been more important […]
Making inheritance gifts from surplus income
Are you making use of this useful and much under-utilised exemption? If you want to make inheritance gifts from surplus or excess income, there is a useful and much under-utilised exemption that allows gifts over and above the value of £3,000 per annum to be made without these gifts forming part of your estate if […]
Changing Tax Landscape
TIME TO TAKE A DIFFERENT VIEW AND ORGANISE YOUR FINANCIAL AFFAIRS? Tax planning should enable you to arrange your affairs in ways that postpone or legally avoid taxes. No one likes to pay tax on their hard-earned money, so by employing effective tax planning strategies you could have more money to save and invest or […]
Pension Lifetime Allowance
HOW TO STAY WITHIN THE LIMIT TO AVOID A TAX CHARGE If you’ve been diligently saving into a pension throughout your working life, you should be entitled to feel confident about your retirement. But, unfortunately, the best savers sometimes find themselves inadvertently breaching their pension lifetime allowance (LTA) and being charged an additional tax that […]
Protect yourself from pension scams
UNDERSTANDING THE WARNING SIGNS TO KEEP YOUR MONEY SAFE Being online more means criminals have a greater opportunity to approach unsuspecting victims with their scams. Online scams can have a devastating financial and emotional impact on victims. Pension scammers are bombarding the public with scam calls, texts and emails and it can be easy to […]
‘It’s not what you earn, it’s what you keep’
THE POTENTIAL IMPACT TO YOUR EXPECTED RETIREMENT INCOME OVER TIME When you’re planning your retirement income, there are multiple factors to consider: how much you can expect from the State Pension, the value of the pensions you have accumulated in your working life, your projected outgoings and your potential later life expenses. One more factor […]
Pension boost
ARE YOU CLAIMING ALL OF THE GENEROUS TAX RELIEF YOU’RE ENTITLED TO? The unique combination of tax breaks and flexible access available to pensions make them a compelling choice when saving for retirement. One of the key benefits of saving into a pension rather than another type of savings or investment vehicle is the generous […]
Protecting family wealth
START PLANNING YOUR LEGACY TO MITIGATE OR REDUCE INHERITANCE TAX Inheritance Tax planning is a way of arranging your wealth with the various tax reliefs in mind so that your loved ones don’t pay more tax than they legally need to. If you’ve worked hard throughout your lifetime to grow your wealth, you may hope […]