Climbing the inheritance tax ladder

It’s not just house prices that are rising every year. Also increasing is the number of people whose families will have to pay inheritance tax. Are you being drawn into the net without knowing it – and if you are, what can you do to protect your family from a hefty bill? Most people never … Continue reading “Climbing the inheritance tax ladder”

Your pension – plane or helicopter?

How will you set up your pension when your retire? Will it be something plain and simple, or a trickier (but more flexible) arrangement? These days it’s become harder to make your retirement plans take off – so find yourself a good co-pilot. Flying lessons in retirement, anyone? Why not – if your pension will … Continue reading “Your pension – plane or helicopter?”

Gear up for the new pensions dashboard

The government has announced that a ‘pensions dashboard’ will appear in 2017. What is this new concept, is there mileage in it, and why should you be interested? We get you up to speed. Every wondered why it’s called a ‘dashboard’? The word dates back to the horse and cart, when a wooden board was … Continue reading “Gear up for the new pensions dashboard”

The power of a savings MOT (‘Moment of Truth’)

A report by Royal London has revealed the battle faced by over a third of UK consumers. Day-to-day spending needs mean that many are finding it impossible to save for retirement. But there may be a solution in the form of one-off opportunities, if these can be identified in time: the savings ‘Moments of Truth’. … Continue reading “The power of a savings MOT (‘Moment of Truth’)”

One step closer to the pension advice allowance

Plans are taking shape for the pension advice allowance, to encourage more people to seek independent advice on their retirement choices. It is expected to allow the tax-free withdrawal of £500 from your pension pot before you reach 55. Here’s how it could work in practice. On the day you turn 55 years old, you … Continue reading “One step closer to the pension advice allowance”

‘It’s complicated!’ – Buying a home together

Few can climb the property ladder alone, and it’s not only couples who are making the ascent. But whether you’re buying as lovebirds or just housemates, it’s vital to understand how joint ownership works – or you could find that your dream home isn’t really yours after all. Most people who buy a home will … Continue reading “‘It’s complicated!’ – Buying a home together”

Pack your retirement parachute

What is it about pensioners and parachutes? We turn 55 and feel suddenly compelled to fling ourselves from high places strapped to an outsized duvet cover. But by a neat coincidence, skydiving can teach us a crucial lesson about retirement. Picture the scene. You’re hurtling down at 120mph towards terra firma (and it does look … Continue reading “Pack your retirement parachute”

Let-to-buy: the back-to-front way to your new home

Sometimes you can solve a tricky problem by turning it the other way round. If you have your eye on a new home but are struggling to sell your old one, let-to-buy can offer a potential lifeline. Find out how it works and whether it might suit you – and make yourself aware of the … Continue reading “Let-to-buy: the back-to-front way to your new home”

Why advice isn’t just a side-order

Many pension providers are now insisting that scheme members take advice before accessing their benefits. More red tape? Far from it. Here’s why advice at retirement is not so much ‘optional extra’ as ‘must have’. Some phrases to make your blood boil. Ready? Booking fee. Processing charge. Would you like to reserve seats? Ticket postage. … Continue reading “Why advice isn’t just a side-order”

Four solutions to the annuity problem

Pension annuity rates have been falling for some time – and the Brexit vote sent them tumbling still further. Can an annuity still provide could value for you in retirement, or should you explore other options? We take you through some ‘what if?’ scenarios to help you weigh up the alternatives to the traditional annuity. … Continue reading “Four solutions to the annuity problem”