Pension’s Policy… What’s Next?

The Pension Planner At retirement, Auto enrolment, Front page posts, Inflation, News & Views, Saving for retirement

Government Pension Policy Although new pension freedoms still seem like a recent occurrence for many, they’ve now been with us some 17 months following its launch in April 2015. That’s starting to feel like a surprisingly long time ago as very few further reports on pension reform have been announced for quite some time. Now that Theresa May has arrived at Number Ten, it doesn’t look likely this will change in the near future. The prior 2 pensions ministers in Baroness Altmann and Steven Webb understood the significance of reforming the pensions model, however,  the reduced role of pensions minister …

The Pension PlannerPension’s Policy… What’s Next?

Brexit and my Property Investments

The Pension Planner At retirement, Front page posts, Inflation, Investment planning, Saving for retirement, Tax & Estate planning

Property Post Brexit Many believed ahead of the EU referendum a vote to exit could have an adverse impact on property markets. Given that Brexit is about to turn into a reality, it has transferred into fear amongst many who have an interest in property, and that might make the forecasted negativity a self-fulfilling prophecy. But is Brexit actually a reason to be concerned should you have money in property, or is there really little to be worried about? Reports in the news report that people who sold property prior to the referendum result are pleased they did, as they’ve …

The Pension PlannerBrexit and my Property Investments

Is there much value in Premium Bonds

The Pension Planner At retirement, Auto enrolment, Front page posts, Inflation, Investment planning, News & Views, Saving for retirement

Premium Bonds Investments?? Recently, the ultimate Premium Bonds prize of £1 mil was won for the first time after the investment cap was raised to £50k in June last year. The recipient, from West Scotland, just the 2nd ever top prize recipient from that area, had put in the maximum contribution, whilst another investor from Surrey is now also a millionaire the very same month after contributing £23,950. However, while Premium Bonds continue to be popular, with £59.8 billion in them, which makes them one of the most abundant forms of personal savings products, are they really a beneficial investment …

The Pension PlannerIs there much value in Premium Bonds

Buy to Let in 2016

The Pension Planner Front page posts, Inflation, Investment planning, News & Views, Saving for retirement, Tax & Estate planning

Can “Buy to Let” still make a return worth having? The buy-to-let marketplace seen considerable changes in 2016, possibly the most significant is the rise in stamp duty on any property you possess apart from your main home. What this implies for anyone contemplating investing their cash in buy to let property is that it might not provide the same type of solid investment that property has typically been. The rise in stamp duty will mean that any buy-to-let property currently gets a 3% surcharge; a substantial increment from the prior rate. E.g.., within the previous system, had you been …

The Pension PlannerBuy to Let in 2016

Clinton V’s Trump

The Pension Planner At retirement, Front page posts, Inflation, Investment planning, News & Views, Saving for retirement, Uncategorized

US Presidential Elections Regardless of your own personal thoughts about those presently fighting it out to become the 45th President of the USA, there’s little question that this year’s campaign is going to be remembered as among the most unusual and unpredictable of all time. Even though this election won’t directly impact on the United Kingdom, it’s fair to state that all eyes will be on the United states until November when we discover who will succeed Barack Obama. And, naturally, any effect on United States financial markets are going to be felt throughout the world. With all the rule books of …

The Pension PlannerClinton V’s Trump

Offshore Accounts, what are they?

The Pension Planner Front page posts, Inflation, Investment planning, News & Views, Tax & Estate planning

Offshore Accounts The Panama Papers which were leaked through offshore lawyers Mossack Fonseca has forced offshore funds back in to public attention. But yet, whilst the media tracks those that are identified to be profiting by such funds, there’s been little discussion of exactly what an offshore fund really is. True to its name, an offshore fund is an investment fund which is structured within offshore locations such as the Caymans, Jersey as well as British Virgin Islands. Whilst these funds, and offshore companies, have been put in place for a series of purposes, its key target is of course make …

The Pension PlannerOffshore Accounts, what are they?

State Pension Top Ups

The Pension Planner At retirement, Front page posts, Inflation, Investment planning, News & Views, Saving for retirement

A fresh initiative enables people who attain the state pension age before April 2016, to increase their pension. Including people who currently draw their state pension. The Government is permitting retirees to purchase additional state pension through ‘Class 3A’ voluntary NI contributions between Oct 2015 and Apr 2017. This helps individuals attaining state pension age prior to Apr 2016 who won’t get the latest flat-rate pension. Some may be better off within the new plan (e.g. females and self-employed people) the top-up allows pensioners retiring prior to date, and who feel they are losing out, an opportunity to secure a …

The Pension PlannerState Pension Top Ups

Here we are in January so time for a health check

The Pension Planner At retirement, Front page posts, Inflation, Investment planning, News & Views, Saving for retirement, Tax & Estate planning

The first part of the Year is an excellent time for planning and considering your goals for the forthcoming year and, in reality, you’ve most likely already done some this by contemplating your New Year resolutions. What have you focused on achieving this year?  getting fit?  stopping a bad habit? Or perhaps starting a good one? Many of us are pretty good at making these types of resolutions however, honestly, the resolution you should make during the early part of the year is financial. 2016 represents yet another chance for us to work on the goals we wish to achieve. …

The Pension PlannerHere we are in January so time for a health check

3 personal finance developments to watch out for in 2016

The Pension Planner At retirement, Front page posts, Inflation, Investment planning, News & Views, Saving for retirement, Tax & Estate planning

As always, the new year will find numerous shifts within the financial planning landscape for us all. Changes happen largely due to new regulation or policy introductions and, while there isn’t anything nearly as dramatic as 2015’s launch of pension freedoms around the corner, there’s still lots to look for in 2016. Here’s 3 of the largest changes you might want to familiarise oneself with.   Digital tax. Digital tax accounts are on their way… although over a fairly slow rollout currently! The aim from HMRC is to get everyone who completes a self-assessment tax form to do so electronically …

The Pension Planner3 personal finance developments to watch out for in 2016

Pensions 2015 – What can we expect?

The Pension Planner At retirement, Auto enrolment, Front page posts, Inflation, News & Views, Saving for retirement

Pensions going forward Last year was obviously a significant year for pensions. Alterations surrounding how pensions may be taken at retirement, and the way death is taxed on pensions is to be made better were declared.  The intention is for these new policies to be live after April 2015. For any retirement saver, the environment has evolved and should carry on doing so, this will have an effect on how many plan for the future. A key outcome will probably be the arrival of a fresh product range to support the latest flexibility around ways to take your pension at retirement.  Annuities, historically the …

The Pension PlannerPensions 2015 – What can we expect?