Thursday May 17, 2012 at 9:00am
When Paul McCartney sang “When I’m 64” at the height of Beatlemania in the 1960s he couldn’t possibly have imagined what life had in-store for him at 64. What about you? Have you thought about what’s in store for you once you reach retirement age?
Whether you approach retirement with trepidation or with a big sigh, glad to leave working life behind and do the things you’ve always dreamt of, will largely depend on how much planning you’ve done....
Thursday March 15, 2012 at 8:55am
How many times have you said, “When I win the lottery I’ll ….” Everyone says it. We’ve all had our favourite fantasy where we scoop the jackpot and dream of how we’ll spend it. Strangely, nobody ever says, “When I get my tax-free cash lump sum from my pension, I’ll …”. Yet this is much more likely and achievable than waiting in the lottery winners queue. So to get the ball rolling, we thought we’d help you on your way to fulfill....
Friday February 3, 2012 at 11:52am
If you come into money from an inheritance, bonus or even a lottery win, your thoughts may immediately turn to paying off your mortgage. Although we live in a society where debt is commonplace and accepted, many people want to pay off their home loans at the earliest opportunity. After all, a home without a mortgage is financially secure.
But think twice. Instead of clearing or reducing your mortgage, consider your future. In particular, think about your pension provision.
Inadequate pensio....
Thursday March 17, 2011 at 10:00am
There’s nothing worse than having to wait to feel any tax saving benefits. Few business owners perhaps realise that the timing of their company’s year-end and its pension contributions can affect when the benefit of any tax saving is felt.
Pension contributions and company year-end statistics from Companies House show that the most popular company year-end is 31st March. And with that date fast approaching now is the time companies should be considering company pension contributio....
Thursday March 3, 2011 at 10:00am
As the tax year end approaches now is an ideal time to review your tax and financial planning requirements. High earners in particular could save a considerable amount of money by implementing some tax planning ideas before 5th April this year.
With the Office of Tax Simplification (OTS) carrying out a review into all tax reliefs, allowances and exemptions, and identifying reliefs, you may want to consider making sure any tax planning is executed before the 23rd March 2011 Budget, which will t....
Friday February 18, 2011 at 10:00am
The new rules applying from 6 April are now known, with flexibility being the name of the game.
Annuity rates are very low at present, with no signs of that changing, and the new rules will allow you to draw income from your pension fund without having to buy an annuity. If you have a secured pension income of at least £20,000 a year you will even be able to access 100% of your pension fund if you wish (with an income tax charge on it of course) and the options in your particular circums....