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Retirement Planning

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The way savings are taxed is being reviewed by the Office of Tax Simplification (OTS). The OTS is looking at the way in which savings and investment income is taxed, which can be very complicated. According to its paper, published in May 2018, “the interactions...

11 June, 2018 /

Couples could now save an extra £20,000 of inheritance tax (IHT), as the residence nil rate band (RNRB) increased in April 2018. The RNRB was increased at start of the new tax year and it is due to increase by £25,000 in each of the next...

14 May, 2018 /

It is worth looking at what your pension pot could buy for your retirement. The importance of pension contributions has been bolstered by the rollout of auto-enrolment pension schemes. However, it is not as clear what your savings will give you when you come to retire. For...

09 April, 2018 /

  A recently released report shows dividend payments in the UK grew more than 10% in 2017. The report included good news for investors, as UK listed companies paid out £94.4 billion of dividends in 2017. This was up 10.5% on the previous year and a new...

02 April, 2018 /

You may be due a refund if you have registered a power of attorney in recent years. It is not often the government offers a refund because of overcharging, but last month it emerged that the Office of the Public Guardian (OPG) had been levying excessive...

27 March, 2018 /

The start of the new tax year on 6 April marks several changes to tax and related matters that could make you richer… or poorer. The absence of a Spring Budget does not mean that the usual raft of changes at the start of the...

19 March, 2018 /

This is the time of year to review your pension contributions. February and March are rightly popular times for reviewing and making pension contributions. By this stage you should have a good idea of what your income for the tax year will be and how much...

19 February, 2018 /

The world’s share markets were a profitable place to be in 2017. 2017 had its fair share of dramas. There was the unending reality show of Donald Trump and his tweets. On this side of the Atlantic the ongoing saga was Brexit and the “strong and...

30 January, 2018 /

State pensions will rise by 3% next April, but it’s not all strictly good news. On the day that a CPI inflation rate of 3% was announced, the BBC website covering the rise had a picture of pensioners “dancing for joy”. The supposed reason for their...

06 November, 2017 /