BBC | Independent Financial Advice Service, Pensions and Investment Portfolio Advisers

June 2010 Budget changes set to increase Income Tax allowance by £1000

Tuesday, June 22nd, 2010

Today’s June 2010 budget changes should include an increase of £1,000 in the personal Income Tax allowance for basic rate taxpayers. This increase in Income Tax allowance means that all those earning up to £37,400 will have their tax-free Income Tax personal allowance increased by 15.4%, from £6,475 to £7,475.

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Timing essential when buying your annuity

Friday, November 20th, 2009

Are you retiring during the coming year?Â Thinking of buying a pensions annuity? Recent events in the stock markets have made it clear how essential it is to get the timing right, in this vital aspect of your retirement planning. The recent volatility in the stock market has been reflected in similar ups and downs [...]

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Are you an ostrich, where your pension is concerned?

Wednesday, June 10th, 2009

Are you prone to â€˜ostrich syndromeâ€™, when it comes to planning for your future, and your pension plan? They say that the ostrich, rather than facing up to a threat or a problem, buries its head in the sand, in the hope that the problem will simply go away. Why does â€˜ostrich syndromeâ€™ appear to [...]

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The financial life cycle 5: The settled sixties

Tuesday, June 9th, 2009

The largest hill on the horizon as you enter your sixties is, of course, your retirement. In your financial life cycle, the main task is to turn your pension savings into an income, as your working life comes to an end.

The most popular way of doing this is by purchasing a pension annuity with your pension savings. This pays out a guaranteed income for the rest of your life, and can be a fixed sum, or can be set to increase each year, in order to account for inflation.

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