Articles and News

22May

Early working life? It pays to get into pension saving now!

Early working life? It pays to get into pension saving now!
The new pension rules mean that there’s much more flexibility and choice over how we take our cash in retirement than ever before. Whether you’re in your early 20s or bidding farewell to your 30s, it’s time to get to grips with pensions so you can take advantage of the new rules. The sooner you start paying into your pension, the more time and opportunity your money will have to grow. And the great news is that with the pension changes, you’re likely to be starting a good savings habit years earlier than previous generations.

Posted in Saving

14May

UK General Election – The Results

UK General Election – The Results
When the polls opened at 7am on Thursday 7th May, the pundits and the pollsters were as one: the only certainty was a hung parliament. It was the most difficult-to-predict election for generations. The opinion polls had the parties running neck and neck, but the Conservatives led slightly in the predicted number of seats.

Posted in Economy

21May

Planning for a better financial future in retirement

Planning for a better financial future in retirement
Recent HSBC research identified four broad actions which may help today’s retirement savers to create an informal plan and work towards a better financial future for themselves.

Posted in Retirement Planning, Financial Planning for individuals/families

13May

IFS Reviews Conservative Inheritance Tax Proposal

IFS Reviews Conservative Inheritance Tax Proposal
Inheritance Tax (IHT) applies to (some) wealth that is transferred on, or shortly before, death. The tax is currently charged at 40%, with each individual receiving an allowance of £325,000, before the tax is applied. Any unused proportion of this allowance is transferable to a surviving spouse or civil partner, effectively doubling the inheritance tax threshold for many couples. An Institute of Fiscal Studies (IFS) observation published last year considered the case for radical reform of IHT.

Posted in Tax