State pension offer

Posted on Mar.30, 2017 by in Latest News

A Government offer enabling savers to boost their State pension by making a lump sum payment to secure additional income of up to £25 per week ends on 5th April 2017. The offer has been available since 2014, when it was introduced to enable people who lost out as a result of the replacement of the old basic State pension… more

Should I stay or should I go?

Posted on Mar.30, 2017 by in Latest News

Occupational pensions have been in the news recently for a number of reasons. First, the near collapse of the BHS pension scheme. Then the Government plan to make it easier for employers who are struggling to maintain pension promises to water down their pensioners’ benefits. Add in the fact that the terms on which employees can transfer out of schemes… more

Time to review your Will?

Posted on Mar.30, 2017 by in Latest News

Until 2007, it was standard advice to people whose estates would potentially be liable to pay inheritance tax to include in their Will a trust into which part of the value of the estate would pass. In most cases, this is no longer appropriate. The reason for the trust was that no inheritance tax is payable on the first slice… more

Three minutes with…

Posted on Mar.29, 2017 by in Latest News

Emma Prescott joined our team to provide administration support to the financial advisers.  Let’s find out a little bit more about here in three minutes… Summarise what you do in one sentence: Corporate employee benefit advice, administration and broking. What does a typical work day look like for you? No two days are the same as it depends on my… more

Longevity

Posted on Feb.10, 2017 by in Latest News

Greg McClymont, the Pensions Minister in the coalition government, has produced an interesting report on an academic study of longevity. It was Mr McClymont who, when asked in an interview what if anything kept him awake at night, replied “Andy Murray’s second serve”. The conclusion reached by the academics is that longevity is being significantly underestimated and that many people… more

Year-end tax planning

Posted on Feb.10, 2017 by in Latest News

The tax year end is approaching and calls for a review of personal finances: Pension contributions The maximum pension contribution on which tax relief can be claimed in any one year is £40,000, but if funds are being withdrawn under a flexible drawdown arrangement, then the limit reduces to £10,000 and is set to reduce again to £4,000 with effect… more

Bank of England loose cannon

Posted on Jan.16, 2017 by in Latest News

In the past the Bank of England has usually confined its public utterances to periodic pronouncements from the Governor,and has disdained to engage in populist discussion. However, its chief economist, Andy Haldane, has recently broken cover, with results which do little to enhance the Bank’s reputation. Last Autumn, Mr Haldane admitted that he did not understand pensions, and he subsequently… more

HMRC’s ‘snooper computer’

Posted on Jan.16, 2017 by in Latest News

The ‘Connect’ computer system created by HM Revenue & Customs to assist in identifying people who are paying less tax than is due is being used for the first time in the current tax year. Instead of relying purely on information provided by taxpayers through their tax returns, Connect draws from many government sources, banks and other financial institutions to… more

School fees planning

Posted on Jan.16, 2017 by in Latest News

Parents wishing to give their children the benefit of a private education face startling costs.  The average fee for a boarding school is over £30,000 a year for a single pupil, and for day pupils over £17,000. Then there are the costs of extras such as clothing and equipment. After school, the costs of university education are considerable, and many… more

Lifetime ISA penalties deferred

Posted on Jan.16, 2017 by in Latest News

The government has announced that the penalties resulting from the withdrawal of funds from LISAs before age 60 or for purposes other than the purchase of a first home will not apply until the tax year 2018/19. However, the Financial Conduct Authority has warned that these penalties would make LISAs unsuitable for anyone who might be likely to incur them.

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Generation FS

Generation FS