Beat Inheritance Tax by Utilising your Pension Fund
Inheritance tax has become the big fear. With rising house prices and a complex and unwieldy set of tax rules, navigating inheritance tax is both difficult and time consuming. This is one of the reasons that this tax can catch you out and cause all sorts of dilemmas to your beneficiaries after you pass. In […]
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 […]
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 […]
Good News for British Expats: New Pension Dashboard to Track Lost Pensions
Track your Lost Pensions and don’t Miss out It is believed that a British person has an average of eleven employers throughout their life. As a result you probably have several different pension schemes by the time you retire. If you have moved abroad becoming an expat, then pension schemes that go back decades are […]
FTSE 100 Firms Pension Deficit Soars
According to LCP FTSE 100 Firms Pension Deficit Increases Considerably in the last Twelve Months In its annual report, LCP has highlighted that pension deficits among FTSE 100 firms have increased over the last year. As of the end of July, the deficit had reached the figure of £45 billion. A £ 21 billion increase […]
With no Pensions Minister Advice is Essential to Maintain the Momentum of your Pension Fund
Last week Baroness Altmann, the pensions minister stepped down from her role. Her position has more or less been scrapped and has been replaced as a parliamentary under secretary position, which has less authority. Her successor, Richard Harrington MP has never worked in pensions before. Mr Harrington has a lot on his plate given how […]
FTSE Companies Payout Billions to Shareholders despite Pension Black Hole
Protect your Pension by Seeking Financial Advice A recent article in the Daily Mail has revealed that despite massive pension black holes, 54 companies from the FTSE 100 index have made huge shareholder payouts. The research comes from AJ Bell. Their figures show that the companies concerned have paid out £48 billion in shareholder payouts […]
British Steel, Mr Kipling, and BHS – Three Good Reasons to Take Control of your Pension
Pension Shortfalls Will Probably Result in Loss of Pension Fund With the sales and inevitable sales of British Steel, Mr Kipling, and BHS the inevitability of loss of pension fund exists. These companies have operated pension schemes for decades and all three, like many other British companies are operating a pension deficit. As the sales […]
Canada Life Forecasts Demand in Offshore Bonds
Changes to Pension Rules are increasing the Demand for Offshore Bonds According to Canada Life over a third of financial planners are expected to recommend offshore bonds. This is mostly driven to changes in pensions which have impacted significantly on financial portfolios and pension funds. The reduction in lifetime allowances is one of the main […]