How to Claim back tax from HMRC if you make a pension contribution
Friday, December 20, 2019
How to claim back tax from HMRC if you make a pension contribution and are a higher or additional rate tax payer Establish if you contribute into a 'relief at source' pension. If it is a 'net pay' scheme you won’t be able to apply for it Login to... Read More
Why it's important to complete a pension nominated beneficiary form
Tuesday, November 26, 2019
Why it's important to complete a pension nominated beneficiary form FOR INVESTMENT ADVICE REGARDING YOUR PENSION OR OTHER INVESTMENTS PLEASE CONTACT Elliott Wilson ACSI DipPFS AF3 Share While we keep information on the... Read More
Residence nil rate band
Friday, November 1, 2019
Residence nil rate band The residence nil rate band is only available against the value of your home. Therefore, if an individual has inherited their spouses allowance, they will have £350,000 RNRB from 6 April 2020 but if their home is only worth... Read More
How are your pension investments protected by legislation?
Thursday, May 9, 2019
How are your pension investments protected by legislation? In addition to the protection under the Pension Protection Fund for final salary schemes, a level of additional cover is provided by the Financial Services Compensation Scheme (FSCS) for money... Read More
Inheritance Tax after one parent dies
Thursday, April 4, 2019
Inheritance Tax after one parent dies How one of your parents dying impacts Inheritance Tax and what you receive from the surviving parent; Provided everything was left to the spouse on first death the survivor will have 2 NRBs (Nil Rate Band... Read More
Annual Allowance
Friday, March 29, 2019
Annual Allowance Money Purchase Annual Allowance drops to £4,000 after flexibly accessing benefits Where an individual has flexibly accessed pension income (see our separate guide as to what triggers this reduction) their Money Purchase Annual... Read More
Should you defer your state pension if you are still working?
Thursday, December 6, 2018
Should you defer your state pension if you are still working? If you defer you get 1% of your pension for every 9 weeks it’s deferred. You get an increased amount but you can no longer opt to take this as a lump sum. In effect, this means if you... Read More
Stock Market and Investments
Tuesday, November 27, 2018
Markets and slumps (like this year!), always relate it to history! Markets go up and down and have periods when share prices don’t perform like investors would like. Here are some stats to understand this within the context of history; In the long... Read More
Pension Drawdown and Tax Codes
Monday, November 12, 2018
Are you paying too much tax on your pension drawdown? Emergency Tax Code and HMRC When you first commence income drawdown bear this in mind; When the first pensions freedom withdrawal is made it is treated as the first of ‘continuing payouts’... Read More
Tax changes for 2018-9
Thursday, November 8, 2018
Tax changes for next year 2019-20; Personal Allowance £12,500 Higher rate tax band £50,000 Lifetime allowance for pensions £1,055,000 ISA contribution £20,000 Junior ISA £4,368 Corporation Tax 19% Savings Income 0%... Read More
