July 2017

Securing your financial future

By |July 19th, 2017|

Investing for major life events requires comprehensive investment solutions
If you really want to give your money the potential to grow and you don’t need immediate access to it, think about investing it rather than just saving. You might want to invest for major life events like retirement or paying your child’s or grandchild’s university fees.
Whatever […]

Retirement choices

By |July 17th, 2017|

How much time do you spend planning for retirement?
The 2015 pension freedoms gave us greater flexibility over our retirement options, but the reforms have also made retirement choices much more complex. This means we need to start thinking about our retirement earlier. However, half (50%) of respondents aged 45–54 to a LV= consumer survey didn’t […]

Inheritance Tax rule changes

By |July 13th, 2017|

Effective estate planning can safeguard your wealth for future generations
If you want to have control over what happens to your assets after your death, effective estate planning is essential. After a lifetime of hard work, you want to make sure you protect as much of your wealth as possible and pass it on to the […]

Why investors need to keep focused on long-term financial goals

By |July 11th, 2017|

Prime Minister Theresa May’s announcement that she would call a snap UK general election on 8 June 2017 surprised many people. After weeks of campaigning, there was no outright winner, with both the Conservatives and the Labour Party failing to secure a majority, resulting in a hung parliament.

Even though the Conservatives remain the largest party […]

Funding future care costs

By |July 7th, 2017|

With the UK’s population ageing, more people will be living with long-term care needs. Oscar Wilde once said: ‘The tragedy of old age is not that one is old, but that one is young.’ But the good news of rising life expectancy also brings with it the challenge of how we fund our future care […]

June 2017

Buying an annuity

By |June 29th, 2017|

A regular retirement income for the rest of your life
One way to use your pension pot is to buy an annuity. This gives you a regular retirement income, usually for the rest of your life. In most cases, this is a one-off, irreversible decision, so it’s crucial to choose the right type and get the […]

Using different parts of one pension pot or using separate or combined pots

By |June 26th, 2017|

Under the new flexible pension freedoms rules, you can now mix and match various options, using different parts of one pension pot or using separate or combined pots.
Leave your pension pot untouched
You might be able to delay taking your pension until a later date. Your pot then continues to grow tax-free, potentially providing more income […]

Using your pension pot

By |June 22nd, 2017|

More choice and flexibility than ever before
Under the pension freedoms rules introduced in April 2015, once you reach the age of 55, you can now take your entire pension pot as cash in one go if you wish. However, if you do this, you could end up with a large tax Income Tax bill and […]

Personal pensions

By |June 19th, 2017|

Saving tax-efficiently for retirement
A personal pension is a type of defined contribution pension. You choose the provider and make arrangements for your contributions to be paid. If you haven’t got a workplace pension, getting a personal pension could be a good way of saving for retirement.
Your pension provider will claim tax relief at the basic […]

Defined contribution pension schemes

By |June 15th, 2017|

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, […]