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How to Claim back tax from HMRC if you make a pension contribution

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

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

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?

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

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

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?

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

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

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

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

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