Lifetime Allowance. Could you be subject to the tax charge?

By Andy Pardoe, Compliance Officer at Anstee & Co.  The lifetime allowance is the overall limit of pension funds a member can build up during their lifetime before a tax charge applies. If you should go over this limit, you will pay a tax charge on the excess whenever you take income, withdraw a lump [...]

2019-09-26T10:43:09+01:00 September 23rd, 2019|News|

Relationship breakdown. What can be done financially?

When a relationship breaks down it is never easy. Groucho Marx, the American comedian, famously said - “Marriage is a fine institution, but who wants to live in an institution” First of all, couples who are living together often do not realise that they don’t enjoy the same legal rights as those married or living [...]

2019-09-26T10:37:36+01:00 September 2nd, 2019|News|

Investment Risk. What do I need to know?

So, what do you need to know about Investment Risk? As a firm of Independent Financial Advisers, we always discuss at some length your Attitude to Investment Risk and in particular, the relationship between risk and reward and time. The more risk you are prepared to accept; the greater the long-term rewards will often be, [...]

2019-08-14T09:25:35+01:00 August 22nd, 2019|News|

Investment Fraud. What to look out for.

We are being attacked from every direction by fraudsters, including, investment scams. Below are details of how to protect yourself from investment fraud. Stopping Investment Fraud First of all, according to the Financial Conduct Authority (FCA) of which Anstee & Co are registered, victims of investment fraud lost on average £29,000 last year (2018). One [...]

2019-07-25T13:22:56+01:00 August 1st, 2019|News|

Tax return: Don’t miss your July deadline!

The tax office is very good at highlighting the need to get your tax return submitted by the end of January each year. We cannot miss those television and newspaper ads. But when it comes to the 31st of July, Her Majesty’s Revenue and Customers (HMRC) is very quiet. When is a July tax return [...]

2019-07-25T16:22:03+01:00 July 29th, 2019|News|

Estate planning. What is legal and what is not

So what is legal and what is not when it comes to estate planning? For a long time, there was a clear distinction between tax avoidance and tax evasion. Tax avoidance being legal and tax evasion being illegal. Since the banking crash in 2008, the Inland Revenue has taken strong measures to discourage what it [...]

2019-07-23T14:57:33+01:00 July 25th, 2019|News|

Property wealth is used to clear unsecured debts.

First of all, for many people entering retirement with a reduced income, budgeting to pay for existing mortgage and credit card debts can be hugely stressful. Often people will continue working longer than they planned or consider drastic and unnecessary changes to their lifestyle by selling up and moving to a cheaper property. Figures show [...]

2019-07-24T16:51:21+01:00 July 4th, 2019|News|

Pension. Should I rely just on the State Pension?

Many people perceive pensions to be overcomplicated. However, the basic principle is a simple one. First of all, it is worth understanding the benefits of saving into a pension scheme and not just relying on the State Pension. The State Pension will provide you with a foundation, but for most of us, it may not [...]

2019-05-31T09:25:35+01:00 June 17th, 2019|News|

Paraplanner Samantha Clarke is now “Chartered”.

Congratulations to Samantha. A massive, “Well Done”, to Paraplanner, Samantha Clarke for completing her Chartered Insurance Institute (CII), Level 6 qualification exam, in “Financial Planning Process”.  This was the last in a series of exams which means that she has now earned the title of "APFS, Chartered Financial Planner ". Caroline Anstee, Managing Director of [...]

2019-06-26T18:53:13+01:00 June 13th, 2019|News|