Planning for retirement income

Financial Advice

If you are looking to retire there are many things you need to consider such as life expectancy, most people under estimate how long they may live. As part of your planning make sure your minimum income requirements (MIR) are covered, these are your living essentials, then dependent upon funds available you can plan for the “nice to haves”. Are you in good health if not it may be...

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The UK economy & BREXIT

Financial Advice

This is a very interesting period for the UK economy but with very unhelpful press speculation being circulated. Two thirds of the GDP growth in the UK is consumer led, and the first piece of misleading press reporting was the slow-down in retail sales in January, well I have news for members of the financial press, which may come as a surprise, but January always does slow down, people have...

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Pension or Alternative?

Financial Advice

Have you ever thought of using an ISA to provide a tax-efficient income in retirement? A pension is often considered the number one way to save for retirement, but using an ISA to provide an income can offer: - Tax-free income - Leave pension funds, which generally sit outside your estate for inheritance tax purposes intact for future use or to leave a legacy. - Another option for those who have...

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Annual Allowances

Financial Advice

As we start to approach the end of the current financial year this is a good time to consider the question, have you used all of your allowances? Some examples are your ISA allowance which is currently £15240, your Capital gains Tax allowance (CGT) currently £11100, or your pension contribution annual allowance currently £40000 (subject to conditions). Also did you know that you are able to go...

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Pension Scams

Financial Advice

With a proposed ban on cold calling to sell pension access plans being proposed by the FCA, I would urge everyone not to respond to these calls, a large proportion of which are scams. If you want to look at the options available please speak to an IFA preferrably one that will offer a no obligation exploratory meeting to establish what and what is not best advice. For pension access or...

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