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Category: Annual Allowance & pensions & Uncategorized
The government announced on 8 July 2015, that for 2016 to 2017 onwards the annual allowance for tax relieved pension savings will be reduced for those with incomes of over ÂŁ150,000. Their annual allowance will be reduced by ÂŁ1 for every ÂŁ2 of income they have over ÂŁ150,000, with a maximum reduction of ÂŁ30,000.
Category: Investments & pensions & Uncategorized
Self-Invested Personal Pensions (SIPPs) are designed to give you greater control over your retirement savings. With a SIPP you can choose from a wide range of high quality investments, manage them for yourself and consolidate your existing pensions in one place. A SIPP is different to other pension saving forms and can give you more control over your pension through a provider with a wide range of funds and the flexibility to manage your own investments.
Category: Budget & Cashflow & financial planning & Uncategorized
Introduction
Just over four months ago, George Osborne delivered his second Budget of 2015, following the Conservative Party’s outright victory in the May general election. At that moment, the view from 11, Downing Street must have looked remarkably pleasant. Osborne’s handling of the economy was widely credited with playing a large – if not pivotal – part in the election victory. Boris Johnson and Theresa May, the Chancellor’s two main rivals in the race to succeed David Cameron, were both listing badly – albeit they hadn’t quite run aground.
Category: Care & Financial Planning for individuals/families & Uncategorized
If you need help with everyday tasks, your local authority has a legal duty to carry out an assessment to find out what help you need. Many people are put off by the idea of an assessment, but it’s not something you should worry about. A care needs assessment is simply a straightforward way of working out your individual care needs so that your local authority or trust can decide the best way to help you.
Category: Family & financial planning & Uncategorized
Before your children are off to primary school, they may be with you for much of your weekday life, and go with you wherever you go. So when you go shopping, to the bank or cash machine, they may well be there with you but are probably a bit young to be learning much about handling money, savings and being careful with their cash.
Category: Care & retirement & Uncategorized
The cost to you of care delivered by a local authority or trust is determined by a Care Assessment, which takes into account what your needs are and the services required and then Means Testing, which looks at how much capital and income you have that can be taken into account to offset the cost to the provider.
