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?

Scammers are still scamming so lets be careful.

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

Don’t give away your data. It’s a regrettable truth that in this computer age, as software designed to safeguard your id and sensitive data advances, so the techniques of those attempting to defraud you in turn become increasingly effective. It’s a continuous battle between either side, meaning it’s equally essential to be conscious of scam emails as it ever has been. The technique of scammers trying to get details from you via your email or any other online connection is referred to as phishing. During 2015, approximately 100,000 individuals in the united kingdom claimed  to being targeted by a phishing …

The Pension PlannerScammers are still scamming so lets be careful.

Continuing to work as a retirement plan?

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

Working in Retirement Research conducted recently analysing the income data for pensioners found increasing numbers of individuals aged over 65 are continuing in work beyond their official retirement date. Figures report that the number of pensioners doing this is approximately 13%, a rise from 8% within the last decade. That figure may appear small, nevertheless it implies 1.1 million individuals are increasing their income throughout retirement. The average income each week is £296, which results in £15,400 additional income each year. Opting to continue in employment may be due to a need for more income, however remaining employed has been …

The Pension PlannerContinuing to work as a retirement plan?

Mortgage Advice

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

Obtaining the best Mortgage Advice Mortgage advice may not be for everybody, however for those who are looking for it, it can be a beneficial service in assisting them to achieve an improved deal compared to what they would have achieved by themselves. The function of a mortgage consultant is always to work with a buyer to locate them the most appropriate option for their situation. The primary way a mortgage consultant accomplishes this is by assisting a purchaser throughout the mortgage application process. This consists of investigating the numerous mortgage choices for the buyer, and also gives guidance and …

The Pension PlannerMortgage Advice

What is Drawdown?

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

What exactly is a Drawdown Pension Drawdown is a method of attaining greater flexibility using pension capital. When you move your cash into drawdown, you are permitted to take 25% as a lump sum payment, and that is free from tax. The remainder carries on being an investment, with taxable income capable of being drawn directly from your pension any time you choose. The tax-free lump sum payment has to be taken at the beginning, but because you don’t need to move your entire pension immediately, numerous lump sums could possibly be taken. An additional attractive function of drawdown is …

The Pension PlannerWhat is Drawdown?

Husband and wife.. Financial Face Off!

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

Work out your financial plan together A report from worldwide research company LIMRA, that compared the financial processes of both males and females, found there are key differences between the two both in their strategies of financial planning as well as in their decision-making process.   In relation to sharing personal financial choices, over sixty-six per cent of the female participants stated they shared responsibility to arrive at a conclusion with their husband or wife, when compared with just 46% of males. However, only 3 in 10 women were the principle financial decision-maker in homes valued over $1 million US …

The Pension PlannerHusband and wife.. Financial Face Off!

Understanding your partners Finances

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

Research conducted recently by Experian of more than one thousand US couples has shown that the vast majority of spouses did not have any real understanding of their other half’s financial situation until they were married. Nearly one third confessed to being surprised by the things they learned once they saw their partner’s bank.   36% of participants said they understood nothing regarding how their partner spent their cash, one out of three were not aware of the balance of a partners remaining student loan, and one out of four did not know their partner’s salary. These figures become all …

The Pension PlannerUnderstanding your partners Finances

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