Watch out for online Pensioner Bond fraudsters

Category: pensions & Uncategorized

The National Fraud and Cyber-Crime Reporting Office recently issued an ‘Alert Notice’ regarding fraud focused on the new Pensioner Bonds. Fraudsters have set up a bogus website claiming to be the official site of National Savings & Investments (NS&I) and are contacting members of the public through cold calls to offer them the chance to invest in the 65+ Bonds.

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Pension v ISAs – looking into new inheritability rules

Category: Inheritance & isas & pensions & Uncategorized

The choice of which vehicle can provide the best savings returns over time – the Pension Pot or the ISA – is a long talked about topic. Standard Life recently published research which identified and compared tax and interest rate factors in relation to both options. With recent changes to rules governing inheritance, the research has also been updated to compare what can be passed on to family members on death and how tax efficient each method is.

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Pensions and ISAs compared – how can you decide which is best?

Category: Investments & pensions & Uncategorized

According to HMRC, 45% of savers in stocks and shares ISAs are aged 55 or over. These savers already understand the mantra of ‘gross is good’ and have chosen an investment on which there’s no additional tax due on investment growth and income. What many investors seem to be unaware of is that the exact same tax treatment is available on funds held within a pension.

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Women expect to retire on £4,800 a year less than men

Category: pensions & retirement & Uncategorized

Women retiring in 2015 expect a retirement income 25% lower than men, according to the Prudential’s annual ‘Class of’ research. However, the research also reports that the retirement income gender gap is at its lowest since 2009, when Prudential first started tracking the difference between male and female retirement income expectations as part of its ‘Class of’ research. Women appear to be increasingly optimistic about their finances in retirement.

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How good does the Second-Hand Annuity Market look?

Category: annuity & pensions & savings & Uncategorized

The Chancellor, George Osborne, has confirmed that from April 2016, some five million existing annuity holders will be given the right to sell their annuity in return for a lump sum. The move should give those pensioners who are already locked into potentially poor-value annuities the same freedoms as those retiring after April 2015, who will be able to spend their savings as they wish. Like any other saver taking cash out of their pension, the money will be subject to tax at their marginal rate – that is, the highest rate of income tax that they pay.

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