Monthly Archives: July 2014

Budget tax trap on pension withdrawals

Posted on July 3, 2014 by - News, Retirement

Helping you to understand the increased flexibility and choice available to you

The Budget announced unprecedented flexibility and choice in how people can use their pension savings in the future. From 6 April 2015, people over 55 can choose to withdraw their pension savings as they wish, although this will be subject to their marginal rate of income tax in that year. (more…)

Future pension savings

Posted on July 3, 2014 by - News, Retirement

New freedom could still prove costly

The Budget 2014 announced unprecedented flexibility and choice in how people can use their pension savings in the future. From 6 April 2015, people over 55 can choose to withdraw their pension savings as they wish, although this will be subject to their marginal rate of income tax in that year. (more…)

Wealth planning strategy comes under scrutiny

Posted on July 3, 2014 by - News, Wealth Creation

Concerns a tax planning arrangement was being abused

HM Revenue & Customs (HMRC) has confirmed that new proposals for a single nil rate Inheritance Tax (IHT) band for trusts will not be applied to existing trust arrangements, where no further assets are added or variations made to that trust. (more…)

Yo-yo effect

Posted on July 3, 2014 by - News, Wealth Creation

Why so many of us are financially uncertain

Almost half (47%) of Britons are up and down when it comes to money, making shrewd savings one moment to justify overspending the next, according to research from Standard Life by YouGov Plc. (more…)

Tracking retirement savings trends

Posted on July 3, 2014 by - News, Retirement, Wealth Creation

Records at five-year high, according to new report

The number of people saving adequately for retirement at 53% is the highest it has been since 2009 and the biggest ever year-on-year rise, up from 45% in 2013, as the impact of auto enrolment and improvements in the wider economic environment begin to take effect. (more…)

On the look-out for opportunities

Posted on July 3, 2014 by - Investment, News

Animal spirits are finally stirring again to you

It has been a long wait, but animal spirits are finally stirring again. Not just in financial markets, where the bull market has been underway for more than five years now, but in the real world of corporate activity. (more…)

Bank of Gran and Grandad

Posted on July 3, 2014 by - Investment, News, Wealth Creation

Three quarters of grandparents say that they have dipped into their savings to help their grandchildren this year

Forget the bank of Mum and Dad – today’s young people are now receiving help from the bank of Gran and Grandad, with millions of grandparents offering financial support to their grandchildren. (more…)

Investing in a highly complex world

Posted on July 3, 2014 by - Investment, News, Wealth Creation

Easy-to-understand groupings should be viewed with caution

Investors like to sort things into neat categories; it helps make sense of a highly complex world. Categories like ‘Emerging Markets’, ‘BRICs’ and the ‘Fragile Five’ have all been invented as easy-to-understand groupings of supposedly similar countries. Yet we have to be careful of such generalisations, because the more research you do, the more you realise that there are often more differences than similarities between these groupings. (more…)