Inheritance tax was thought to be ripe for reform in last year’s Autumn Budget but, as it happened, it was left untouched for another tax year.(more…) Read More
Despite remaining complex, pensions offer you far more flexibility from the age of 55 (rising to 57 from 6 April 2028) than was once possible.
If you are approaching 55, you might be feeling a twinge of trepidation or excitement that you could soon become “a
pensioner” as this is the age at which you are allowed to access some pension savings.
Traditionally, most people get nowhere near breaching the
pensions lifetime allowance, but that’s likely to change
over the next five years.
The lifetime pensions allowance is currently £1,073,100.(more…) Read More
If you have a defined contribution pension scheme – whether private or through your employer – your retirement savings have probably been hit quite hard by the COVID-19 pandemic over the past 12 months.(more…) Read More
Helping you plan for your retirement is one of our core services, ensuring you are prepared when the time comes to call it a day.
With medical advances enabling more people to live for longer, the average person who retires at 65 lives for another 20 years.(more…) Read More
Are you on track for a comfortable retirement?
All of us dream of the day we can retire, saying goodbye to the alarm clock and commute, filling our days with sun-soaked beach holidays, leisurely rounds of golf, or cruising the world.Read More
The tapered annual pension allowance for high net-worth individuals was in the headlines again recently.
Concerns were raised that its impact on doctors within the NHS pension scheme is prompting high-earning NHS staff to leave their posts or reduce their hours.
This months edition includes:
– ‘Raise the VAT threshold to stimulate SME growth’
– SMEs miss out on business savings interest
– Calls increase for reform of ‘flawed’ apprenticeship levy
– Working pensioners pay £8.6bn in income tax
I understand that Class 2 NIC is finally being abolished from 6 April 2019. This means that those of my self-employed client with losses or low profits who want to protect their state pension contribution record will have to pay Class 3 contributions which are considerably more expensive. Will there be any alternatives? (more…)Read More