Pension Transfers – what you should know
Defined benefit pension or final salary pensions are among the most generous of pension scheme arrangements. They provide scheme members with a guaranteed income at retirement based on a mixture of years worked and final salary. (more…)
Can you pass your pension on?
Did you know that in 2015 changes were made to pension death benefits. This means that should you die before the age of 75, you may be able to pass your pension to a nominated beneficiary tax-free and if aged after 75, your pension pot could be drawn by a beneficiary at their own marginal…
Can you protect your dividends from new tax rate?
Did you know that the Government plans to add 1.25% on the dividend tax rate. You can receive £2,000 of dividends a year tax free but after that the tax rate is 7.5% for basic taxpayers and 32.5% for higher taxpayers. This is planned to rise to 8.75% and 33.75% respectively in April 2022. This…
Continue Reading Can you protect your dividends from new tax rate?
Access to your private pension rises from 55 to 57
The age at which pension savers can access their pot freely, is set to increase from 55 to 57. The change, which is due to come into force in 2028, will affect most people approaching retirement. This will mean that from 2028, those under 57 will not be able to access their pensions without incurring…
Continue Reading Access to your private pension rises from 55 to 57
Did you know 1.6m pensions are missing?
There are about 1.6 million lost pension pots in the UK worth over £19.4 billion. The ABI (Association of British Insurers) says that pensions often get mislaid when people move house and fail to tell their pension scheme provider. Tracking down lost pensions is certainly worthwhile as it will give you a clear view of…
Why you should seek Financial Advice
Here are six things that we, as trusted award winning Independent Financial Advisers, can do for you:-Personal advice – Our friendly Financial Advisers will source solutions that are best for you and your loved ones. We’ll ask questions about you, your family and lifestyle, together with a risk assessment; to fully understand your needs, aspirations…