In case you haven’t heard, the pension reform will roll in from April 2015, and change quite a bit about the way you can fund and use your pension. On April 2015, people over 55 will be able to access their pensions freely as long as they pay income tax, instead of receiving an annuity…. Read more
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Beating the Taxman: Why a VCT Could Reduce Your Tax Liabilities
A combination of stagnant economies, low interest rates and modest returns from under-performing investments has made the need to minimise tax liabilities more acute than ever before. People saving for their retirement or trying to build a successful financial portfolio have a range of options available to them when it comes to beating the taxman,… Read more
Do annuities make sense for retirement provision?
It’s something millions of us are encouraged to do as soon as possible, but can saving for retirement really make a difference? In short, the answer is yes. Even setting aside a seemingly negligible amount of out monthly or weekly pay packet of, say, £5 or £10 a time can add up over time. Saving… Read more
How will Changes to the State Pension Age affect you?
The State Pension Age is the age at which you are entitled to start drawing your state pension. It used to be 65 for men and 60 for women but, with public finances being squeezed and more people living longer, this is set to change for almost everyone. For women born before 6 April 1950,… Read more