By Rachel Efetha, Chartered Financial Planner with Anstee & Co. A while ago, I visited two sets of completely unrelated new clients who are both in a very similar position. Both the husbands are tradesmen and both the wives run the office for them under a limited company. Both got in touch as their [...]
Congratulations to Tracey Foster on passing her exam. Tracey, who heads up our Birmingham office based in Snow Hill Queensway, Birmingham, recently passed the Chartered Insurance Institute (CII) Pension planning (AF3) exam. This is one of the units in the Advanced Diploma in Financial Planning. The objective of this exam is to develop in-depth financial planning skills [...]
.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 [...]
New research from our friends at LV= finds those approaching the minimum retirement age of 55 are spending worryingly little time thinking about their retirement options. As a result, they have a poor understanding of their financial situation. They will often fall short of what they want to live off. Given the lack of time [...]
The best place for independent financial pension advice is from our advisers, but here are the key areas for consideration: Make full use of your annual tax-free pension allowance of normally £40,000. Use any unused annual pension allowances available to carry forward from previous tax years. Make sure you’re getting tax relief at the appropriate [...]
The end of the tax year is coming up fast. Now is a great time to make sure you are making the most of investing in your pension plan. Many people use this time to make sure that they “lock-in” the current financial year’s tax breaks before the door closes. Your plan’s flexibility and freedom. [...]
