Lifetime allowance

Lifetime allowance

Pensions……there are rules aren’t there? There certainly are and it’s quite likely those rules, to some extent at least, put people off from embracing pensions and using them as a financial planning tool to the fullest extent. One rule that might be on your radar is...
Pensions – contributions and tax

Pensions – contributions and tax

This is my 13th blog as part of our weekly blog series – unlucky for some – but not you, as the reader. It’s my second blog with a focus on pensions.  A recent conversation with a contact similarly aged to me, highlighted the fact that for many, the world of pensions...
Inheritance tax and pensions

Inheritance tax and pensions

Did you know that inheritance taxes do not as a rule apply to pensions?  There are some circumstances where it can be argued they should apply but it is quite rare for these to be proven.  To benefit from the exemption though you do need to have your pensions set up...
Tax year-end opportunities

Tax year-end opportunities

Tax efficient considerations for everyone ISAs ISAs are available to all and the adult allowance is £20,000 in a tax year There are different types, though most commonly held as cash or stocks & shares. The £20,000 contribution limit applies in total (e.g. £10,000...
Pension consolidation?

Pension consolidation?

I wrote a blog with a brief introduction to pensions back in July’20, so if you’re a little rusty, take a quick read here. I’m 39 at the time of writing and with each of my 6 employers to date, I’ve started a pension. 5 of them were defined contribution (DC) schemes,...
Compliance

Compliance

“The best defence is a good offence.”  I’ve been watching a few sports films and documentaries lately, and it’s one phrase that does crop up, and for quite a few scenarios it can be correct, but the crucially not often quoted element is...