Passing your pension on to the right person
The pension freedoms introduced in 2015 brought about a number of changes and one of the biggest was the ability to pass a pension on tax-free. Under the new rules, you can pass on your pension to the beneficiaries you have nominated without an Inheritance Tax charge. This change has led to the increased importance […]
The £7.6 Trillion Pension Liabilities Highlights the Need for Financial Planning Advice
New figures have emerged that shows pension liabilities have reached £7.6 trillion. This vast sum is made up of both public and private sector pension pots. This is worrying news as it is quite possible that should your employer or one of your previous employers run into difficulties, your pension could be lost in a […]
UK expat retirement success may hinge on the portability of your investments
In a survey conducted by Old Mutual International, 89% of UAE expats are planning to return to their home country when they retire. Of those surveyed, 52% of UK expats are planning to return back to their home country, while 17% are planning to retire outside of the UAE. The value of sound financial planning […]
Are you Aware of the Dangers of Pension Drawdown?
New Report Highlights ‘Risky Behaviour’ Pension drawdown has become considerably popular. Introduced in April 2015 pension drawdown (also known as pension freedom), allows investors over 55 to withdraw up to 25% of their pension pot tax-free. More of the pot can be withdrawn at the discretion of the pension pot holder. It has been hailed […]
4 Ways to Negotiate your British Tax Liabilities
Tax is not just a pain it is also complex. Information is often misleading and making sense of it is becoming an art form. Moreover, if you are unaware of how tax works it is easy to get caught out making that pay rise or bonus worthless. With this in mind, I have put together […]
How much Pension Pot do you need to Retire?
The question of how much pension you need to live in retirement is not a fixed sum for everyone to aim for. It is dependent upon a number of factors such as: What kind of lifestyle you want in retirement When you want to retire Your future plans Cost of living Current state of your […]
4 Tax Aspects that can Dog your Life as a South African Expat
Although you can start a new life in a far away land your tax records do not automatically transfer with you. Instead, you have to go through various processes to ‘break clean’; to ensure the South African tax authorities no longer have a fiscal claim to your income. This presents a number of problems given […]
3 Ways to Avoid Inheritance Tax
Inheritance tax (IHT) has caught many out in recent years. Rising property prices have pushed the values of estates far beyond the tax threshold of £325,000 resulting in bereaved families being hit by unwelcome and surprise IHT bills. To beat the taxman and minimise liabilities to your family get in touch. There are steps you […]
Opting out of a Workplace Pension could cost you £450,000
With the pension contribution rate increasing to 5% from 2% in April 2018, new interesting research has emerged. Aegon insurance company has published findings that show a 22 year old opting out of a workplace pension can potentially see a hit to his or her pension fund of £450,000 by the time they’re 68. The […]
How much do you Know About your non–workplace Pension?
Financial Watchdog to Scrutinise Non Workplace Pension Schemes How much do you know about your non-workplace pension? It is a question that the Financial Conduct Authority (FCA) is trying to answer and currently investigating. The non-workplace pensions market is worth £400 million which is about double the workplace pensions market and it is growing. The […]