Pension Income. Some points to think about!

With life expectancy rising, planning for your retirement with pension savings has never been more important. Many people focus on what pension income they will need in retirement. Figures from the Office of National Statistics (ONS) forecasts that if you are presently under the age of 35 you stand a good chance of living to 100. [...]

2019-07-29T10:07:02+01:00 April 25th, 2017|News|

Tax – Why not use your estate planning exemptions?

No one likes to pay more tax than they should. Below are some of the key exemption to reduce your inheritance tax. So to kick off- Annual Exemption relating to inheritance tax. This allowance did not change at the budget and still stands at £3,000. This can be transferred each year without any tax consequences. If [...]

2018-08-21T17:00:38+01:00 April 24th, 2017|News|

Pension – Money Purchase Annual Allowance changes.

Cut from £10,000 to £4000 pension allowance. If you’ve flexibly accessed your pension benefits, the Money Purchase Annual Allowance (MPAA) is the annual amount that can be paid to your money purchase arrangements without a tax change. This is a reduction from £10,000 to £4,000. Chancellor Phillip Hammonds view. However, in the Autumn Statement 2016, Chancellor Phillip [...]

2018-02-21T15:51:36+00:00 April 18th, 2017|News|

A big thank you to all our staff for a job well done.

To thank the team for all their hard work leading up to the end of the tax year we arranged a treat. The staff were ask where they would like to go. After much deliberation the choice was Nando’s. With chants of “How hot will you go” the lunch proved a great success. Caroline Anstee, [...]

2018-02-21T15:51:38+00:00 April 7th, 2017|News|

Lifetime Individual Savings Account (LISA) launched today.

The new Lifetime Individual Savings Account (LISA) is launched today, the 6th April 2017. This new ISA offers a bonus of 25% on savings for those who are under forty years old. The savings account can be used towards home purchase or retirement Here are the key facts about the Lifetime ISA The Lifetime ISA [...]

2018-02-21T15:51:39+00:00 April 6th, 2017|News|