personal allowance

January 2016

Retirement matters

By |January 21st, 2016|

Pension changes you need to know
Chancellor George Osborne delivered his Spending Review and Autumn Statement on Wednesday 25 November 2015. For the first time in this Parliament, he did not announce any further radical changes to the private pensions system, giving the Treasury more time to digest the Green Paper consultation from the summer Budget.

However, […]

December 2015

Financial decisions

By |December 22nd, 2015|

Flexibility to use your pension pot in the way that suits your needs
Financial decisions are some what very important, some more important than others and of those being adequate financial provision for retirement.  However sometimes for some people this can be a daunting topic and the options they find that they have can be sometimes […]

Retirees will be able to sell their annuities from April 2017

By |December 18th, 2015|

 

Existing pensioners will be able to from April 2017 sell their pension pots for a lump sum.

According to the Daily Mail the government have announced that over five million people  will be able to turn their pensions pots into a cash lump sum from April 2017.

Instead of receiving their monthly payments from a savings pot […]

Funding retirement

By |December 11th, 2015|

Funding for your retirement is important, more people are living longer however retiring on smaller pension pots which will not last forever. However many people find it difficult to fund for their retirement or just simply do not know where to start in doing so. We at Hutt Professional have financial advisers with many years […]

November 2015

Putting money aside for the proverbial rainy day

By |November 18th, 2015|

Long-term investors rewarded by compound performance
An investor who puts money aside over the long term for the proverbial rainy day is far more likely to achieve their goals than someone looking to ‘play the market’ in search of a quick profit. If you want to be one of these people who do this but feel […]

Evaluating your future finances

By |November 13th, 2015|

New possibilities in retirement, and the options available to you

The recent pension freedoms have opened up new possibilities in retirement, allowing more of today’s recent retirees to enjoy the sixty-something socialite lifestyle. Retirement can be one of the most liberating and exciting life stages, but to get the most freedom and enjoyment out of retirement, […]

October 2015

Pension planning apathy

By |October 15th, 2015|

More than ten million pots are being left largely unmonitored
Individuals are living longer, meaning that savings have to fund a longer period of retirement. However, there has been a well-documented decline in pensions saving over time. Many people do not think about retirement as they consider it’s too far in the future, and almost two […]

Staying connected trumps priorities

By |October 9th, 2015|

Figures show that only 39% considered providing financial security for their family as essential
Britons consider having an Internet connection and mobile phone to be greater financial priorities than protecting mortgage and income, according to new research.

According to latest figures from the  Scottish Widows Protection Report, has revealed that only 39% considered providing financial security for […]

August 2015

Tax-Free Personal Allowance

By |August 17th, 2015|

It was announced in The Budget  this year  that Tax-Free Personal Allowance, which is the amount people earn before they have to start paying income tax will increase to £11,000 in 2016/17.
The Government have an aim to increase the Personal Allowance to £12,500 by 2020, and a law shall come into place to ensure that […]

May 2015

Income Tax Personal Allowance

By |May 4th, 2015|

Increase announced to £11,000 from April 2017

Mr Osborne confirmed the personal allowance will rise from its current level of £10,000 to £10,600 from April this year as planned, and will mean the typical taxpayer is £900 a year better off. He also announced the threshold at which people pay the higher rate of income tax […]