Welcome to our blogs which relate to the financial services you may be interested in from mortgages to pensions; protection to auto-enrolment and many more. So why not grab a drink and enjoy the read.
Boosting your state pension should now be quicker and easier for some as new limited online tool launches – here’s how it works A new online service designed to simplify how you check and pay for voluntary National Insurance (NI) contributions is now available. It should make the state pension boosting process quicker and easier for most people. But you won’t be able to use
The ultimate retirement dream is actually very simple – financial security for the rest of your life. Hopes and dreams Financial security is our biggest retirement wish.Other retirement aspirations include: Being able to maintain one’s desired lifestyle (94%) Spending time with family (90%) Being able to afford care if required (81%) Being able to afford big family events, such as
The pensions Lifetime Allowance and resulting tax charges was abolished under the UK’s 2023 Spring Budget. However, life is never simple with UK pensions and new tax-free limits are set to replace it. The March Budget only reduced the Lifetime Allowance charge to nil from April 6, 2023. HM Revenue and Customs (HMRC) has now published its draft legislation to
The government is giving people more time to pay National Insurance (NI) contributions towards their State Pension. Extending the deadline means that people have more time to properly consider whether paying voluntary contributions is right for them Taxpayers now have until 5 April 2025 to fill gaps in their National Insurance (NI) record from April 2006 that may increase their
Savers will be able to invest up to £60,000 of their income into their pension each year, thanks to recent pension reforms announced in the March Budget, as part of a wider package of reforms designed to tempt early retirees back into the workforce. What type of income can I invest into my pension? Pensions are a desirable means of
This new tax year brings with it many changes to state pensions – some small, others significant.Salaries, benefits and pensions have been affected as new rates and new levels of taxation came into effect. State Pensions have changed. That’s important, as for millions of retired people across the UK, State Pensions are their primary source of income. These changes will
Taking on easier work but working for longer has its benefits. Early retirement is the ultimate dream. However, slowing down your approach while taking on a part-time or a more junior role before stepping back could boost your pension by tens of thousands of pounds.The pay cut would be more than offset by extra savings – potentially adding as much
The government is giving people more time to pay National Insurance (NI) contributions towards their State Pension. Extending the deadline means that people have more time to properly consider whether paying voluntary contributions is right for them Taxpayers now have until 5 April 2025 to fill gaps in their National Insurance (NI) record from April 2006 that may increase their
After much speculation, in September, the Secretary of State for Work and Pensions, confirmed suspension of the average earnings component of the pension triple lock to avoid a disproportionate rise of the State Pension following the pandemic. For the 2022-23 tax year only, the new and basic State Pension will increase by the higher of either 2.5% or the consumer
Important information – please remember that the value of investments and the income from them can go down as well as up, so you may not get back what you invest. Four questions our financial advisers hear There are multiple options if you’re approaching retirement and looking to access your pension savings. Those options mean you have the flexibility to