Monday, October 25th, 2010
New proposals for a general pension income of £140 per week for all pensioners will still leave a third of UK pensioners below the poverty line as defined by the EU. Planning a personal pension to ensure adequate pension income in retirement has never been more essential. Read More
Tags: Basic State Pension, Pension, Pension Credits, Pension Income, Pension Planning, Pensions, Personal Pension, Private Pension, Private Pensions
Posted in Pensions News | No Comments »
Tuesday, August 24th, 2010
Government is proposing to scrap Alternatively Secured Pensions (ASPs) but offer income drawdown of pension savings subject to new limits.
Tags: Income Drawdown, Pension Advice, Pension Planning, Pension Savings, Pensions, Personal Pensions, Private Pension, Private Pensions, Retirement Income, Retirement Planning
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Monday, April 19th, 2010
Pension advice is crucial for those considering transferring a pension – especially those in an occupational pension scheme who are being encouraged to transfer by an employer. Care is needed, though, as the standards of pension advice vary widely, and are still causing concern to the Office of Fair Trading (OFT).
Tags: AIB Bank, Commercial Loans, Company Pensions, Investment News, ISAs, Life Policy, Mortgage Protection Insurance, Mortgage Rates, Occupational Pension Scheme, Occupational Pensions, Office of Fair Trading, OFT, Pension Advice, Pension Transfer Advice, Pension Transfers, Private Pension, Private Pensions, Spanish Investment, SVR
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Thursday, April 15th, 2010
Pension planning is on the minds of savers again, with 1 in 3 people thinking of setting up private pension schemes this year, compared with just 1 in 5 a year ago, according to Legal and General.
Tags: AIB Bank, Inheritance Planning, Legal & General, LV=, M&G Corporate Bond, Maxi ISA Contribution, Mortgage Protection Insurance, Mortgage Rates, Pension Planning, Pension Plans, Pension Scheme, Private Pension, Private Pensions
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Monday, April 12th, 2010
The new tax year, which began on 6th April 2o1o, offers a golden opportunity for tax savings. Make use of your brand new tax allowances to fine-tune your financial planning, and minimise tax. With financial advice you can streamline your savings strategy by getting the best savings rate and fully utilising your ISA cash allowances. You can ensure you take advantage of your allowances for Capital Gains Tax, if you are selling an asset. You can plan to maximise tax reliefs from pensions contributions. You can gain 30% tax relief on investments in Venture Capital Trusts (VCTs). You can take the necessary steps to avoid 40% Inheritance Tax on wealth passing to your children and heirs. If you are an employer, you can plan for the upcoming government NEST scheme, which will require you to have, or set up, a pensions department that offers a pension to all employees.
Tags: Avoid Tax, Best Mortgage Deal, Capital Gains Tax, Cash ISA, Cash ISAs, Certified Financial Planner, Chartered Financial Planners, Cheap Life Insurance, Critical Illness Insurance, Debt Management, Efficient Tax Planning, Enterprise Investment Scheme, future energy supply, Gareth Flanagan, Individual Voluntary Arrangement, Inheritance and Tax Planning, Inheritance Tax, Inheritance Tax Advice, ISAs, Maximum Pension Contribution, NAEA, Online Mortgage Deals, Pension Savings, Pension Schemes, Pensions, Personal Tax, Private Pension, Professor David MacKay, Reclaim Capital Gains Tax, Remortgages, Repossessed Spanish Property, Savings, State Pension, Stocks & Shares ISA, VCT, Venture Capital Trusts
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Thursday, March 25th, 2010
VCTs or Venture Capital Trusts are an attractive investment option, offering 30% tax relief up front. VCTs are currently enjoying high levels of interest from higher earners in particular. While the upper limit for VCT investments is £200,000, VCTs are also open to those with just £3,000 to invest.
Tags: Pensions Advice, Pensions Planning, Private Pension, Private Pensions, Professor David MacKay, Tax Efficient Investments, Tax Relief, VCT, VCT Tax Relief, Venture Capital Trusts
Posted in Investment News | 1 Comment »
Friday, January 8th, 2010
Neglecting our pension and retirement planning appears to be an almost universal fault these days, but women’s pensions are more likely to be ignored than men’s, according to new facts from Scottish Widows.
Tags: AIB Bank, Basic State Pension, Best UK ISA Funds, Commercial Loans, Company Pensions, Life Insurance Products, LV=, Mortgage Protection Insurance, Office of Fair Trading, Pension, Pension Planning, Private Pension, Retirement Planning, Scottish Widows, Secured Loans, Women's Pension, Women's Pensions
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Thursday, May 14th, 2009
There are no short cuts to building a decent pension. Start early, and save hard. The basic state pension is less than £5,000 a year, and with the average retirement now spanning 20 to 30 years, there has to be more cash ‘in the pot’. For a full pension, a woman must have 39 years [...]
Tags: AIB Bank, Life Policy, London Stock Exchange, Lufthansa, Maxi ISA Contribution, Mortgage Deposit, Mortgage Protection Insurance, Northern Ireland IVA, Office of Fair Trading, Pension Advice, Pension Contributions, Pension Income, Pension Protection Fund, Pension Quality Mark, Pension Scheme, Personal Pension, Private Pension, Retirement Income, Retirement Planning, Starting A Pension, State Pension
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Monday, February 9th, 2009
“Tax doesn’t have to be taxing”. YES it does. There is no nice way of putting this – it has to be paid. However there are ways in which we can avoid paying as much or reclaim what we have paid. Here are a few examples. Invest in an ISA to ensure that you do [...]
Tags: Avoid Tax, Best Mortgage Deal, Critical Illness Insurance, Debt Management Advice, DWP, Efficient Tax Planning, EIS, Enterprise Investment Schemes, Financial Advice, Pensions Planning, Private Pension, Professor David MacKay, Repossessed Spanish Property, Tax Relief, VCT, Venture Capital Trusts
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