Carillion Collapse Highlights the Importance of Taking Control of your Pension
With the unfolding drama of the Carillion collapse which includes ignored profits warning, excessive shareholder payouts and CEO bonus payments, a new player has entered the stage. It was revealed in a recent High Court hearing that Carillion has an estimated 2.6bn pension’s black hole. Five times higher than the former CEO of Carillion led […]
How One Couple’s Change of Mindset Allowed them to Retire at 43
With the reverberations of the financial crash of 2007 still being felt, and pension funds collapsing like BHS, the idea of somebody retiring before you hit a ripe old age has become a fictional notion. Yet an American couple have managed to do exactly that at 43. Not only are they on course to manage […]
Where to Invest your Money for a Meaningful Retirement
The average retirement now spans two decades and this places increased pressure on your retirement funds. According to a survey by SunLife, pensioners state that they want a retirement income of £23k per year, but with the average retirement pot around the £50k mark this is an unlikely scenario. Over a quarter surveyed were concerned […]
How to Claim Flight Ticket Refunds if your Airline Goes Bust
If you are in the unfortunate position where your airline goes bust there are several ways you can claim a refund. In this post we look at what these are. Monarch Airline Passengers Monarch Airlines ceased trading on the 2nd October 2017. If you are due to travel with Monarch Airlines please get in touch […]
How to Protect your Retirement Plan from the Ravages of the Stock Market
If there is one thing that has been rubber stamped over the last few years is the unpredictability of the stock market. In 2016, following the Brexit vote and the inevitable crash was followed by record stock market highs in early 2017. Nobody knew this was going to happen and it was predicted by pundits […]
Getting a £20,000 per Year Pension for when you retire
According to the Office of National Statistics (ONS) the average retired household spends just over twenty thousand a year at £21,770. This begs the question to receive a £20,000 per year pension, how much should you saving per month? Age is the Key to a Good Pension To get an understanding of how much you […]
How will you Plan a Forty Year Retirement?
Pension Age no Longer Means Armchair and Slippers Unlike the previous generation retirement no longer means a quiet life of reading the paper and walking the dog. Many who retire are still active, but adjusting to this new life can be difficult. Whether you have a good retirement or a miserable one depends mostly on […]
Footballers Come Under HMRC Scrutiny amidst Tax Evasion
Football Tax Investigations – A case of Poor Financial Advice? Jon Thompson, chief executive of HM Revenue and Customs (HMRC) has advised the Public Accounts Committee (PAC) that some footballers and entertainers have income from image rights paid into offshore accounts, avoiding paying tax in the process. This has implicated 43 players, 8 agents, and […]
Implement Estate Planning to Ensure Inheritance Tax doesn’t bite too hard!
Without question inheritance tax is the most controversial tax in the UK. To some it is a leveller in society, to others it is a tax upon tax already paid. Whatever your thoughts on the tax, if you have acquired a significant amount of wealth, you need an estate plan to ensure the majority of […]
One Third of UK’s Richest under HMRC Investigation
National Audit Office Report Reveals that 6500 High Net Worth (HNW) Individuals are under Investigation According to a new report by the National Audit Office (NAO) you could be under investigation by HMRC should you have a HNW of £20 million or more. HMRC set up a dedicated HNW unit in 2009 to do this. […]