Self-invested personal pensions

Freedom to choose and manage your own investments A self-invested personal pension (SIPP) is a pension ‘wrapper’ that holds investments until you retire and start to draw a retirement income. It is a type of personal pension and works in a similar way to a[…]

Take your pension to the max

Why monitoring the value of your pensions is important A lifetime allowance puts a limit on the value of pension benefits that you can receive without having to pay a tax charge. The lifetime allowance is £1 million for the tax year 2016/17. Any amount[…]

Pension Power

Take full advantage of tax relief – annual and lifetime limits Pensions are a highly tax-efficient form of saving, and if possible you should take full advantage of funding your pension contributions to the maximum allowable. You receive tax relief on contributions that you pay[…]

Looking ahead to your retirement years

Making sure you can sustain the level of income you need From stopping work altogether to a slow and gradual reduction of commitments – retirement means different things to different people. Making sure you can sustain the level of income you need as you move[…]

Assessing current and forecasted wealth

Making the most of your money to achieve your financial objectives To be in a position to navigate the financial aspects of your unique life’s journey, you need to regularly track your progress towards key goals such as paying off your mortgage, buying a second[…]

What are you planning for in 2017?

How to look forward to what you want to accomplish When was the last time you wrote down your goals? More importantly, when was the last time you revisited them? A new year can be seen as a fresh start and a marker to look[…]

Planning for Inheritance Tax

Taking preventative action is essential With careful planning and professional financial advice, it is possible to take preventative action to either reduce your beneficiaries’ potential Inheritance Tax bill or mitigate it out altogether. 1. Make a Will A vital element of effective estate planning is[…]

Wealth Preservation

Inheritance Tax – no longer a tax that only the richest people in society have to face When you die, the Government assesses how much your estate is worth and then deducts your debts from this to obtain the value of your estate. Under the[…]

Lifetime Individual Savings Accounts

Saving flexibly for a first home and retirement Lifetime Individual Savings Accounts are being launched by the Government to help 18 to 40-year-olds to save and invest flexibly for the long term. The aim is that people will not have to choose between saving for[…]

Generating Income

Certain innate behavioural traits influence decision-making Nobody knows quite what the future holds. The good news is that advances in medicine and healthier lifestyles have led to an increase in the average life expectancy of both males and females. The downside is we now have[…]