Blog Archives

Pension time bomb

Planning to prevent the financial equivalent of climate change Millions of workers across the UK could be heading for a significant shortfall in the amount of pension they need for an adequate income. The World Economic Forum (WEF) has issued

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Brexit: wages and taxation

The point of maximum impact The economic effects of leaving the EU could cause unemployment to rise in the UK which would reduce the pressure for wage growth. The Treasury estimated that wages will be between 2.8% and 4% lower

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UK ready to face the future ‘from a position of strength’

For the UK to leave the European Union, it has to invoke an agreement called Article 50 of the Lisbon Treaty. The Prime Minister, David Cameron, announced on Friday 24 June he would be stepping down as prime minister by

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Buy-to-let and second homes

Higher stamp duty payable from April 2016 Buy-to-let landlords and people buying second homes from April this year will have to pay a 3% surcharge on the stamp duty charged for the property.

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Pensions credit

Cuts for people who go abroad for over a month People who go abroad for over a month will no longer be eligible for pensions credit. At present, housing benefit and pension credit recipients can go abroad for up to

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Taxing times

Reduction in the amount those with income of more than £150,000 can contribute tax-free to pensions each year A gradual reduction in the tax-free limit on pension contributions from the current £40,000 a year to £10,000 for high income individuals

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Pension freedom

The most radical reforms this century In Budget 2014, Chancellor George Osborne promised greater pension freedom from April this year. People will be able to access as much or as little of their defined contribution pension as they want and

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Pension tax charge abolished sooner rather than later

New rules will simplify the existing regime from April 2015 The Chancellor, George Osborne, has brought forward the expected announcement on the tax charge that applies to certain individuals’ pensions on their death. The new rules will simplify the existing

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Educating investors

Six years after the start of the financial crisis, what lessons should we have learnt? 1. Plan for the unexpected Many believe that markets are much safer today than they were six years ago, thanks in large part to the

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