Equity release continues to grow reaching an all-time high.

The popularity of equity release continues to grow. Figures from the Equity Release Council, of which Anstee & Co are members, estimate that there is a total of £7 million being released on a daily basis. In comparison to the same time last year, this represents a 53 per cent growth. The figures show a [...]

2018-02-21T15:51:28+00:00June 28th, 2017|News|

Pension: Unfair tax bill on death of a loved one

.edFamilies can face a shock five-figured tax bills after the death of a loved one. Little-known rules regarding ‘death-in-service’ pay-outs from workplace pension schemes could result in grieving relatives facing huge tax bills.  Many businesses offer their staff a lump sum ‘death-in-service’ payment if a member of staff dies.  Sums of three or four times annual [...]

2019-10-01T09:55:17+01:00June 26th, 2017|News|

Pension Freedoms. How do they affect me?

The Government, back in 2015 applied changes to how we all could save for our retirement and the way in which we could receive the benefits. This legislation was generally referred to as Pension Freedoms. These changes did not apply to people who held their retirement benefits in a Defined Benefit (DB) arrangements. Defined Benefit [...]

2019-07-24T12:02:14+01:00June 19th, 2017|News|

Mothers missing out on millions’ in pension rights.

Recent figures published by HM Revenue and Customs (HMRC) show a doubling in the number of mothers missing out on vital pension rights because of a change in the rules on child benefit.  Together, these mothers have lost hundreds of millions of pounds in retirement. Royal London published a policy paper entitled ‘Mothers Missing out [...]

2019-10-01T09:16:16+01:00June 14th, 2017|News|

The Pensions Regulator. Auto Enrolment: – Naming and shaming.

The Pensions Regulator publishes quarterly compliance and enforcement bulletin and “names & shames” auto enrolment offenders. The Pensions Regulator’s quarterly bulletin confirms that auto enrolment has now passed a significant milestone, with over 500,000 employers having met their duties and nearly eight million of their staff now saving for their retirement. The bulletin also shows the [...]

2018-02-21T15:51:31+00:00June 12th, 2017|News|

The Bank of Mum and Dad keeps growing.

The Bank of Mum and Dad keep growing to become a £6.5bn UK Mortgage Lender on a par with the 9th largest UK lender. It continues to grow in importance in helping young people take their early steps onto the housing ladder. It will be involved in more than a quarter of all property transactions [...]

2019-10-02T11:12:36+01:00June 5th, 2017|News|