Are your Adult Children Destroying your Retirement Plans?
Pension funds routinely hit to fund your adult children With stagnating wages, high house prices, and high youth unemployment, adult children are living with mum and dad for longer, according to the Office for National Statistics. In fact in 2014 the number of 20 to 34 year olds hit a record 3.3million. This figure is […]
Should you start a Self Invested Personal Pension for your Child?
Take Advantage of a Good Long Term Investment Although it can be argued you never know what will happen in the future where pensions are concerned, it is advisable to start a pension for your child. Historically, decades of growth will lead to big returns, and given that currently they will benefit from tax relief, […]
Understand the Tax Implications of Pension Freedom
Don’t be Caught out by the Taxman If you are planning to take full advantage of Pension Freedom it is important you understand the tax implications. Failure to do so could incur crippling tax bills which will severely impact your retirement plans. How much tax do I pay on each Pension Freedom withdraw? The first […]
Writing a Will – The Only Option
Ensure your Inheritance Planning Protects your Children The bottom line is that you need a will to ensure your estate is passed on to the people or organisations you care about. With our longer lifespan, higher divorce rates, second marriages, increased stepchildren, jumps in property prices, and half siblings, the more complicated and incendiary inheritance […]
Are your Finances Ready to Send your Children to Private School?
Make the Most of your Investments There is little doubt that private education is the best that money can buy. It is sought after by all and children that go through a private education system do better in later life. If you have aspirations of sending your children to private school, coupled with other personal […]
“The Most Radical Changes to Pensions in Almost a Century”
Will you be ready in April 2015? In the Chancellor’s 2014 budget, he introduced the Taxation of Pensions Act 2014. On the 3rd December 2014 he announced further changes in what is now known as Pension Freedom. Below is how pensions are going to change this April, and the useful information you need to know. […]
A Ten Point Financial Action Plan for Women
Get your Finances in Order Although women tend to be better at financial planning over the short term, long term they are lacking significantly behind men. According to surveys one third of women do not have a pension, and only 15% of women say they understand pensions and how they work. This is compounded by […]
Pension Freedom to Bring Wealth Enhancement Opportunities
Using Pension Freedom to your Advantage The introduction of Pension Freedom in April 2015 will allow options that were previously only open to high earners. In essence Pension Freedom gives you greater control over your pension pot, and the scrapping of the infamous death tax gives you options you previously never had. If you are […]
Pension Freedom and the Expat Community – A Potential Minefield Awaits
Will you be able to Drawdown your Money Come April 2015? Pension Freedom has been much discussed of late. The ability to drawdown your pension as and when you want to is sizzling the pot of ideas nicely. In theory you could use the money, the first 25% of which will be at a tax […]
Want to Live Longer? – Top up your Pension
New Survey Shows the Larger your Pot the Longer you Live A new survey by Equiniti researched 610,000 deceased pensioners and concluded that the more you had in your pension pot the longer you lived. Here is a summary of the results: Pension up to £15,000 per year a person lived to an average of […]