personal allowance

July 2016

Advice with you in mind

By |July 20th, 2016|

One of the most important relationships you may ever have
Few people really have the time to understand the significant number of financial products on the market at any time. If you’re looking to invest, buy a protection product or plan for the longer term, expert professional financial advice is essential to help enable you to […]

Pension confusion

By |July 14th, 2016|

Are most people unprepared for retirement?
People are still being left confused by pensions, with almost two thirds not understanding their key features, according to new research by Wesleyan.
The research conducted by the specialist financial mutual revealed how much confusion there still is among most people when it comes to their retirement planning. Three quarters of […]

June 2016

What are Defined contribution pension schemes

By |June 6th, 2016|

Providing an income in retirement
With a defined contribution pension, you build up a pot of money that you can then use to provide an income in retirement. Unlike defined benefit schemes, which promise a specific income, the income you might get from a defined contribution scheme depends on factors including the amount you pay in, […]

Lifetime allowance

By |June 3rd, 2016|

Value of payouts from pension schemes
The lifetime allowance is a limit on the value of payouts from your pension schemes – whether lump sums or retirement income – that can be made without triggering an extra tax charge.
The lifetime allowance for most people is £1m in the tax year 2016/17.
It applies to the total of […]

May 2016

Smoothing out your portfolio’s returns

By |May 17th, 2016|

Increasing the long-term value of your investments
It’s natural to be looking for ways to smooth out your portfolio’s returns. Investing regularly can smooth out market highs and lows over time. We at Hutt Professional have financial advisers with many years of experience who would be more than happy to help you do this.

In a fluctuating […]

Pension freedoms: one year on

By |May 12th, 2016|

What are the key reasons for shifting retirement patterns?
New pension rules which give you far greater flexibility over what you can do with your pension pot came into force on 6 April 2015, but according to Aviva’s latest Working Lives report a third of people aged over 50 who are employed in the private sector […]

April 2016

What is Annual Allowance

By |April 18th, 2016|

The Annual Allowance is the amount you can pay into a pension fund each year and get tax relief. From 6 April 2016, the Annual Allowance will be tapered from £40,000 for those with earnings of £150,000 or less down to £10,000 for those with income of £210,000 or more.
For this purpose, income isn’t just […]

The impact of further pension changes on the horizon from this April

By |April 15th, 2016|

Pensions have been transformed by the arrival of freedom reforms on 6 April 2015 which now give much greater flexibility over what you can do with your pension pot. The new freedoms mean you can enjoy far greater choice on how you spend and generate an income from your pensions, but with further changes on the […]

February 2016

Pension credit

By |February 15th, 2016|

Cuts for people who go abroad for over a month
People who go abroad for over a month will no longer be eligible for pension credit. At present, housing benefit and pension credit recipients can go abroad for up to 13 weeks while continuing to receive payouts.

The spending review says: ‘The benefit system should not subsidise […]

5 steps to a brighter retirement

By |February 9th, 2016|

Concerned about the financial aspects of retirement planning?
With all the talk and concern about dwindling retirement funds and our shaky economy, many retirees and soon-to-be-retired boomers are concerned about the financial aspects of retirement planning. These are 5 steps to give you a brighter retirement.

1. From 6 April 2015, on reaching the age of 55 you can […]