Blog Archives

Once dubbed the most complicated pension system in the world, the UK has now introduced a single tier, flat rate pension system but there are still people with defined benefit schemes from their company pensions, as well as self invested personal pension plans. We discuss them all.

What Tax Will I Pay On My Pension?

The subject of what tax you will pay on your pension comes up quite frequently, so I decided to do this quick video post to clarify what the government expects you to pay.

Read more… The value of pension and investments and the income they produce can fall as well as rise. You may get back less than you invested. The Financial Conduct Authority does not regulate advice on tax planning




How to avoid blowing your pension under new freedom rules, nor lose it to scammers

ShockedNew pension freedom rules are being introduced in April 2015 which will enable savers to access their pension fund at any time from the age of 55. This means you could withdraw all of your pension savings as cash, subject to tax, and have the freedom to spend or invest anyway you wish.

Read more… The value of pension and investments and the income they produce can fall as well as rise. You may get back less than you invested. The Financial Conduct Authority does not regulate advice on tax planning




Did You Know Unit Linked Guarantees Can Guarantee Your Pension Income?

(Securing a reliable retirement).

With sweeping pension and retirement reforms underway now in the UK, there is new freedom and flexibility on how people save for retirement and take an income when they stop work. These changes are due to take effect from April next year.

Unit Linked Pension GuaranteesIt is a total overhaul for retirement planning which means that everyone aged over 55 with a defined contribution pension fund will be free to take their money whenever and wherever they like subject only to tax rules. The first 25% of a pension fund can be taken tax free but the rest is subject to income tax. The 55% death tax on money left in a pension fund is being scrapped for drawdown customers.

Additionally…

Read more… The value of pension and investments and the income they produce can fall as well as rise. You may get back less than you invested. The Financial Conduct Authority does not regulate advice on tax planning




The Great 2014 Pension Revolution

Radical and pensions are not normally two words you’ll find sitting together often but last week’s budget statement certainly put paid to that.

olmanReferred to by many financial commentators as the biggest changes to pensions in over fifty years, it has certainly been the biggest series of announcements from a budget I can remember in 20 odd years in this industry.

And yes, I can affirm, this is nothing short of a Pension Revolution.

So what has changed—what does it all mean and how will it affect you?

The biggest news was undoubtedly the plans to allow pensioners to access their full pension fund from 2015.

Read more… The value of pension and investments and the income they produce can fall as well as rise. You may get back less than you invested. The Financial Conduct Authority does not regulate advice on tax planning




They Should Be Jailed Not You

Pension Liberation Fraudsters (In my opinion they should be jailed)

jailbird

Don’t let it happen to you, so you end up paying the penalty for pension liberation with a poor retirement instead of the fraudsters who should pay the the price

I’ve had many calls over the last year by people who have wanted to access money from their pension schemes for a number of varied reasons.

Read more… The value of pension and investments and the income they produce can fall as well as rise. You may get back less than you invested. The Financial Conduct Authority does not regulate advice on tax planning




Planning Your Pension For The Long Term

Cliff RichardCliff Richard will obviously have no money concerns when he finally stops treading the boards and retires, but what about the rest of us?

Well, with so many things crowding modern life, it’s easy to ignore just how quickly the future will arrive, and along with it the day you stop working. Plus, with the pressure on finances pressing on many fronts for so many people it’s easy to put off until tomorrow what you really should be addressing today – putting in place a pension investment blueprint that will work to help build a solid income for when you retire.

Read more… The value of pension and investments and the income they produce can fall as well as rise. You may get back less than you invested. The Financial Conduct Authority does not regulate advice on tax planning




Investment and Tax

The value of pension and investments and the income they produce can fall as well as rise. You may get back less than you invested.

The Financial Conduct Authority does not regulate advice on tax planning.

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William on BBC Radio

Here is an interview William gave on BBC Radio Scotland where he
spoke with Fred MacAulay and Karen McKenzie about Cash
and Investment ISA’s


Listen to the BBC show here

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Dates and Times

NOTE: I have been writing articles here since 2007 so please take note the date of the article, because obviously, things like laws or tax allowances etc may have changed since then.

I do try my best to keep up to date, but I'm only an humble advisor and there are hundreds of my financial articles here! Please call or email if you need to double check something. I'll gladly help.