By Rachel Efetha, Chartered Financial Planner. If you're part of a defined benefit (DB) pension scheme, understanding how to calculate your "pension input amount" is key—especially when it comes to ensuring you don't exceed your annual allowance, which could lead to tax charges. Simply put, your pension input amount is the value of the [...]
Passing on wealth between generations in a tax-efficient way is a key part of financial planning. In this article, we will look at how to gift money in a tax-efficient way, from passing on a pension to helping your children with a buy to let. Here are some areas to discuss with our financial planners. [...]
By Rachel Efetha, Chartered Financial Planner. At the end of November, four members of the team attended the National Financial Planning Symposium in North Greenwich. Symposium /sɪmˈpəʊzɪəm/ Noun A conference or meeting to discuss a particular subject A drinking party or convivial discussion, especially as held in ancient Greece after a banquet (and notable as [...]
Recent figures show that nearly a quarter of a million people have moved their final-salary pension fund. The industry name for this type of fund is defined-benefits (DB). Many experts are warning that the trend is a time bomb because people risk poverty in later life. So far over £50 billion has been removed from financial [...]
