savings

Early working life? It pays to get into pension saving now!

May 22, 2015 by TIna

The new pension rules mean that there’s much more flexibility and choice over how we take our cash in retirement than ever before. Whether you’re in your early 20s or bidding farewell to your 30s, it’s time to get to grips with pensions so you can take advantage of the new rules. The sooner you start paying into your pension, the more time and opportunity your money will have to grow. And the great news is that with the pension changes, you’re likely to be starting a good savings habit years earlier than previous generations.

How good does the Second-Hand Annuity Market look?

April 14, 2015 by TIna

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.

The New Pension Freedoms Checklist: Four Things You Must Do Before Making Any Decision About Your Savings

April 13, 2015 by TIna

Category: pensions & retirement & savings & Uncategorized

The new pension freedoms are great news for savers, with more flexibility and options for retirement now available. However, the freedoms also come with a level of risk, particularly for that first wave of savers looking to exercise their new rights in the next twelve months or so.

Budget 2015: Help coming for most UK savers

April 09, 2015 by TIna

Category: Budget & Investments & savings & Uncategorized

The first £1,000 of interest earned on savings will be completely tax-free for lower earners from next year. Announcing the news during his Budget speech, Chancellor, George Osborne, said:

“People have already paid tax once on their money when they earn it. They shouldn’t have to pay tax a second time when they save it.”

The New Help to Buy ISA: The Details

April 03, 2015 by TIna

Category: savings & Uncategorized

During the 2015 Budget announcement, the Chancellor, George Osborne revealed a new type of ISA, to be made available to the public in the Autumn of this year. The Help to Buy ISA is sure to be of interest to young people in particular, or to parents with children who are currently in the process of searching for their first home. So, just what is a Help to Buy ISA and how exactly do they work?

Protecting your savings: Pull up the drawbridge and drop the portcullis!

March 31, 2015 by TIna

Category: savings & Uncategorized

We are hearing a lot through the media about the attacks we may experience under the new UK Pension Reform arrangements and regulations, when we gain access to our pension pots and can choose to do what we like with them. What an opportunity for fraudsters who right now are ready to assault our new wealth castles!

Early working life? It pays to get into pension saving now!

How good does the Second-Hand Annuity Market look?

The New Pension Freedoms Checklist: Four Things You Must Do Before Making Any Decision About Your Savings

Budget 2015: Help coming for most UK savers

The New Help to Buy ISA: The Details

Protecting your savings: Pull up the drawbridge and drop the portcullis!

Call us

Email us

Sign up to our newsletter