The digital afterlife – what will happen to your online sssets?
Have you made it clear who can Access your Online Accounts in your Will? Pre social media, when a person died, their photo albums, letters, random papers and mementos automatically passed to their next of kin. In the digital era, the situation is not so clear. This post discusses who can access our sensitive online […]
How Annual Tax on Enveloped Dwellings is Changing
Are you Liable to pay ATED? The Annual Tax on Enveloped Dwellings (ATED) is changing in April this year, and in April next year. ATED used to be known as Annual Residential Property Tax, and came into effect in April 2013. How does ATED Work? ATED is a tax applied to residential properties (dwellings as […]
Want to Pay less Tax? Contribute to a Pension
Higher Rate Tax Payers are Missing out on Pension Relief According to new figures released by Prudential, higher rate tax payers could be missing out on a collective £1bn a year by not contributing to a pension scheme, and taking advantage of the tax relief pensions afford. Data from HM Revenue and Customs showed that […]
How to Avoid Paying Hefty Pension Freedom Tax Bills in April
Tips for Good Pension Freedom Management When Pension Freedom comes into play in April, there is a strong possibility you could be hit with unexpected tax bills. Under Pension Freedom, and depending on your pension provider policy, you can have unfettered access to your pension pot. You can withdraw the whole lot if you want […]
Rushed, Stressed, and Busy? Use a Financial Adviser to Handle your Investments
Free up your Time and Make your Investments Yield the Best Possible Return As our lives get busier with work and family, we often find ourselves with less time for other important aspects which demand our attention. Finances are one such aspect, and the lack of time to properly manage finances has arguably been highlighted […]
Have a Public Sector Pension? Take Advice now and Keep your Options Open
Peace of Mind Insurance Cheaper than you think If you have a public sector pension scheme, you are currently liable to pay the dreaded ‘Death tax’. This can be avoided, however if you take financial advice before April 2015. In doing so you could: Pass on your pension tax-free to your spouse should you pass […]
Will you be blocked from Withdrawing Pension Freedom Cash in April?
Only One in Twenty Pension Providers Will Allow Pension Freedom Despite changes to the UK defined pension schemes and money purchase pensions, you may find that you will not be allowed to withdraw the money you want, or as freely as you would like. According to an article in the Daily Telegraph, only one in […]
Pension Freedom Reforms and the New Rules – What they mean for you
With the introduction of Pension Freedom reforms this April which allows you to draw down sizeable amounts of cash from your pension pot, the Financial Conduct Authority (FCA) has put in place new rules for financial administrators to follow. What is Pension Freedom? Under Pension Freedom you will be able to take advantage of unfettered […]
Stay on the right side of the IRS!
I don’t expect that the USA’s Internal Revenue Service (IRS) gets a mention in many songs but it did feature in Rockwell’s 1980s super-paranoid hit, Somebody’s Watching Me, in which the singer wonders if he is being watched by neighbours, the mailman, the people on TV and the IRS. Rockwell might have been wrong on […]
The best Christmas gift ever for your child: a university education
It’s December and for many of us our thoughts are turning towards Christmas. If you have children they will no doubt have lists as long as your arm of things they would like to find under the tree on Christmas morning. According to those in the know, the top sellers this year will be a […]